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Find a Kempsey Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Kempsey

I have 7378 less than 75 years remaining on my lease and need a lease extension for my flat in Kempsey. Conveyancing solicitors on the Platform panel can deal with such extensions right?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 15/4/2019 the requirements read as follows :

70 years unexpired at application, 30 years at the end of the mortgage term, except where the mortgage application is pursuant to Platform's participation in the Government's Help to Buy Shared Equity scheme, in which case (a) the unexpired lease term must not be less than 250 years for new-build houses and not less than 125 years for new-build flats and (b) ground rent must be reasonable at all times and any escalation must be linked to RPI (Retail Price Index) or a similar index.

Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Kempsey?

There are many recorded licenced Conveyancers in Kempsey and Solicitor firms in Kempsey to choose from We would stress that the two are regulated professionals specialising in the legal aspects of the home buying process. The two can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Kempsey building society branch on various occasions and was told it does not affect the mortgage offer and they would lend. My Kempsey conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend based on their specific requirements. I simply don't know who is right.

The solicitor must follow the CML Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

I am due to exchange contracts on my flat. I had a double glazing fitted in October 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Virgin Money are being a right pain. The Kempsey solicitor who is on the Virgin Money conveyancing panel is recommending indemnity insurance as a solution but Virgin Money are insisting on a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?

It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.

I need to instruct a conveyancing lawyer in Kempsey for my home move. Can I review a solicitor's complaints history with the legal regulator?

Anyone can see documented Solicitor Regulator Association (SRA) decisions stemming from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find details Pre 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator sometimes recorded call for training purposes.

What advice can you give us when it comes to choosing a Kempsey conveyancing practice to carry out our lease extension conveyancing?

When appointing a solicitor for your lease extension (regardless if they are a Kempsey conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with several firms including non Kempsey conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be of use:

    What are the legal fees for lease extension conveyancing?

I bought a garden flat in Kempsey, conveyancing was carried out in 2000. How much will my lease extension cost? Equivalent properties in Kempsey with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease terminates on 21st October 2088

You have 69 years remaining on your lease we estimate the price of your lease extension to span between £9,500 and £11,000 plus 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 in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.

What type of premises does your Kempsey conveyancing estimates relate to?

The quotes supplied are only relevant to standard residential property in England & Wales. Where you have any different requirements such as industrial or agricultural land or commercial conveyancing in Kempsey do telephone us to address your requirements .

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