Find a Leagrave and Chalton Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Leagrave and Chalton conveyancers for over 130 lenders.

Recently asked questions about conveyancing in Leagrave and Chalton

Unfortunately I am unable to travel far from Leagrave and Chalton. I would like to know the logic why all Leagrave and Chalton solicitors aren't included on all mortgage company panels?

As unjust as it may seem for lenders to limit who can represent them, from the public’s or conveyancer’s perspective, the other side of the coin is that banks are increasingly anxious and consider it essential to protect them against mortgage fraud. As a result of this concern banks have restricted their conveyancing panel to a size that they are happy to control.

I am being told by my lawyer that missing deeds insurance is necessary on my purchase. What is the level of cover for Leagrave and Chalton conveyancing?

The appropriate level of missing deeds indemnity insurance should be dictated by who who your lender is. It would differ for example between Santander and Leeds Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.

I am buying a property in Leagrave and Chalton. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender TSB be concerned?

Given that you are obtaining a mortgage with TSB your lawyer must follow the formal instructions set out in Section 2 of UK Finance Lenders’ Handbook for TSB. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and property lawyers are required to report to TSB where a lease fails to satisfy these conditions. The requirements relate to the installation of panels on properties in England and Wales and is not limited to Leagrave and Chalton.

Kent Reliance have agreed my mortgage in principle, my offer on a flat in Leagrave and Chalton has been accepted, now what?

Your property agent will want to be advised as to your lawyer's details (make sure the lawyers are on the bank’s panel). Telephone Kent Reliance or the financial adviser and complete any outstanding forms. Kent Reliance will instruct a valuer who will get in contact with the estate agent or vendor to arrange an appointment. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Kent Reliance will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Leagrave and Chalton.

Will our conveyancer be raising enquiries concerning flooding during the conveyancing in Leagrave and Chalton.

The risk of flooding is if increasing concern for solicitors dealing with homes in Leagrave and Chalton. There are those who acquire a house in Leagrave and Chalton, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.

Solicitors are not best placed to impart advice on flood risk, however there are a various checks that can be undertaken by the buyer or by their lawyers which should give them a better understanding of the risks in Leagrave and Chalton. The standard property information forms given to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the vendor to discover whether the premises has historically flooded. In the event that flooding has previously occurred and is not notified by the seller, then a buyer may commence a legal claim for losses as a result of such an misleading reply. The purchaser’s lawyers should also carry out an environmental search. This should disclose if there is a recorded flood risk. If so, additional investigations will need to be initiated.

I am using a search engine for the term on line conveyancing in Leagrave and Chalton it reveals many property lawyersin the area. With so much choice what is the best way to find the right conveyancing solicitor for me?

The preferential method of choosing the right conveyancer is through a trusted recommendation, so enquire of colleagues and family who have bought a property in Leagrave and Chalton or a reputable estate agent or financial adviser. Fees for conveyancing in Leagrave and Chalton differ, so it's a good idea to secure a minimum of three costs illustrations from varying types of solicitors. Dont forget to clarify what costs in the quote includes.

When it comes to leasehold conveyancing in Leagrave and Chalton what are the most common lease problems?

There is nothing unique about leasehold conveyancing in Leagrave and Chalton. Most leases are individual and drafting errors can result in certain sections are erroneous. For example, if your lease is missing any of the following, it could be defective:

    Maintenance charge proportions which don’t add up to the correct percentage A provision to repair to or maintain parts of the premises

A defective lease can cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, The Royal Bank of Scotland, and TSB all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, forcing the buyer to pull out.

I inherited a garden flat in Leagrave and Chalton, conveyancing formalities finalised 10 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Leagrave and Chalton with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 per annum. The lease comes to an end on 21st October 2080

With 56 years left to run the likely cost is going to be between £29,500 and £34,000 as well as costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.

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