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Find a Harold Wood Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Harold Wood conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Harold Wood

Is the fact that my solicitor in Harold Wood is not on my bank's conveyancing panel that there is a problem with the quality of her conveyancing?

That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Harold Wood conveyancing firm and ask them why they are no longer on the approved list for your mortgage company.

Our lawyer has uncovered a a legal deficiency with the lease for the apartment we are buying in Harold Wood. The seller’s lawyers have offered title insurance as a workaround. We are happy with insurance and will cover the costs. Our lawyer has advised that he must check that the bank is content with this solution. Who is the client here, us or the bank?

Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the lender are the client. The appropriate lender specifications must be adhered to.

I have 70 years unexpired on my lease and require a lease extension for my flat in Harold Wood. Conveyancing solicitors on the Accord Mortgages panel can deal with such extensions right?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/5/2024 the requirements read as follows :

85 years from the date of completion of the mortgage. Please ensure that you explain the implications of a short term lease to the borrower.

Completion is due on the disposal of our £450,000 flat in Harold Wood next Thursday. The landlords agents has quoted £384 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Harold Wood?

Harold Wood conveyancing on leasehold flats ordinarily involves fees being raised by management companies :

    Completing pre-contract enquiries Where consent is required before sale in Harold Wood Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale
Your solicitor will have no control over the level of the charges for this information but the average costs for the information for Harold Wood leasehold premises is £350. For Harold Wood conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to supply answers.

Despite our best endeavours, we have been unsuccessful in seeking a lease extension in Harold Wood. Can this matter be resolved via the Leasehold Valuation Tribunal?

in cases where there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to make a decision on the price payable.

An example of a Lease Extension matter before the tribunal for a Harold Wood residence is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case related to 1 flat. The unexpired residue of the current lease was 57.5 years.

My brother-in-law has suggested I instruct a conveyancing solicitor in Harold Wood. I I would like to check if they are on the bank's conveyancing panel. Can you advise?

It’s a good idea contact the lawyer and ask them if they are on the bank's panel. Alternatively please call us and we can investigate and revert. If they are not on the lender panel we we can help find a reputable conveyancing solicitor in Harold Wood on the panel for your lender.

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