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Find a Lanchester Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Lanchester

Why would I instruct a Lanchester conveyancing solicitors firm when web based alternatives are cheap by comparison?

By all means make sure that you shop around for conveyancing costs in Lanchester and you should seek an affordable fee calculation but don’t be focused with searching for the cheapest Lanchester conveyancer. Identifying the right conveyancer can mark the difference between a seamless and a frustrating home move. It is important that you ensure that you have expert advice from an experienced solicitor. Emails can't take the place of a telephone conversation and are no substitute for a one to one consultation. Our partner firms will appoint you a qualified and top rated conveyancing solicitor that will tackle your conveyancing from start to finish, giving the sort of personalised service that you are unlikely to received from an web based conveyancer. Our lawyers will inform you on any developments and keep you informed. If you ever need to call the firm you will know who you need to speak to and we'll endeavour to make sure that you are in the know.

In what way does my ID and proof of funds have anything to do with my conveyancing in Lanchester? Why is this being asked of me?

Lanchester conveyancing solicitors and indeed property lawyers accross the UK have a duty under money laundering regulations to verify the identity of any client with a view to ensure that clients are who they say they are.

Conveyancing clients are required to supply two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement no more than three months).

Evidence of the origin of funds is also required in accordance with the money laundering statutes as lawyers are required to ensure that the money you are using to purchase a property (be it the exchange deposit or the total purchase monies where you are buying without a mortgage) has come from an acceptable source (such as employment savings) as opposed to the product of illegitimate behaviour.

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

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 23/6/2022 the requirements read as follows :

85 years at the time of completion. If it's less, we require it to be extended on or before completion.

About to purchase a new build apartment in Lanchester. 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 legal work.

Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Lanchester

    There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

I am a negotiator for a busy estate agent office in Lanchester where we see a few flat sales jeopardised due to leases having less than 80 years remaining. I have received inconsistent advice from local Lanchester conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can initiate the lease extension formalities for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Lanchester Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to Purchasing

    It is important to be aware whether redecorating or some other major work is coming up to be shared by the tenants and will materially increase the the service charges or require a specific payment. How many of the leaseholders are in arrears for their maintenance charge payments? The best form of lease structure is a share of the freehold. In this arrangement the lessees benefit from being in charge if their destiny and notwithstanding that a managing agent is often employed if the building is larger than a house conversion, the managing agent acts for the leaseholders themselves.

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