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Find a Groby and Ratby Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Groby and Ratby? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Groby and Ratby conveyancing at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Groby and Ratby conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Groby and Ratby

What does my ID and proof of funds have anything to do with my conveyancing in Groby and Ratby? Why is this being asked of me?

Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the ID of the potential client they are dealing with before they can accept their conveyancing instruction. The Terms of Engagement that you are required to sign will no doubt reaffirm this. Your lender will also require certain documents to be viewed. Where you are unwilling to supply ID verification documents, your conveyancer would not be able to accept instructions from you.

About to purchase a new build flat in Groby and Ratby. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Groby and Ratby

    Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan.

I decided to have a survey carried out on a house in Groby and Ratby prior to appointing solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor has said that some lenders tend refuse to give a loan on this type of house.

It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Groby and Ratby. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Groby and Ratby to see if the conveyancing costs will increase in light of this.

Looking forward to sign contracts shortly on a leasehold property in Groby and Ratby. Conveyancing solicitors have said that they are sending me a report within the next couple of days. What should I be looking out for?

The report on title for your leasehold conveyancing in Groby and Ratby should include some of the following:

    Responsibility to repair and maintain the block. It is essential that you know who is duty bound to repair and maintenance of every part of the building Details of the parties to the lease, for example these could be the (you), superior lessor, landlord Advice as to the provision in the lease to pay service charges - in respect of the block, and the more general rights a tenant has You should know if the lease permits you to alter or improve anything in the flat- you should be made aware as to whether it relates to all alterations or just structural alteration, and whether licences for alterations is required
For details of the information to be included in your report on your leasehold property in Groby and Ratby please enquire of your lawyer in advance of your conveyancing in Groby and Ratby.

I own a ground floor flat in Groby and Ratby, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Groby and Ratby with an extended lease are worth £170,000. The ground rent is £50 invoiced every year. The lease ceases on 21st October 2103

With just 78 years remaining on your lease we estimate the premium for your lease extension to range between £7,600 and £8,800 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.

My husband and I are disposing of a Groby and Ratby bungalow we inherited some years ago in 2010. I have over a decades worth of conveyancing know-how and, although retired, see no reason not to undertake my own conveyancing. The purchaser's conveyancing practitioner has informed me that their Lenders will not allow us to do our own conveyancing mandating that the funds to be transferred to a solicitor's bank account.

Lending requirements to conveyancing practitioners from all CML members specify that If the vendor is not legally represented the purchaser’s lawyers should check whether the lender needs to be informed so that a decision can be made as to whether they are prepared to proceed.

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Find out more about how flying freehold can affect your the value of a property.