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Find a Leigh On Sea Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Leigh On Sea conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Leigh On Sea

Unfortunately I am unable to travel far from Leigh On Sea. Is there a reason why all Leigh On Sea solicitors are not on all lender panels?

Even though it may seem unfair for banks to limit who can act for them, from the public’s or lawyer’s perspective, the other side of the coin is that lenders are becoming ever more anxious and consider it essential to shield themselves against illegal activities. As a consequence of this concern mortgage companies are limiting their conveyancing panel to a manageable size.

We are approaching an exchange on a house in Leigh On Sea and my mum and dad have sent the exchange deposit to my lawyer. I am now told that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my bank. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?

Your solicitor is obliged to check with the bank to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.

My relative recommended that where I am buying in Leigh On Sea I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is usually quoted for as part of the standard Leigh On Sea conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about Leigh On Sea around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Leigh On Sea Education with maps and statistics, Local Amenities and other useful information about Leigh On Sea.

Is it best to appoint a Leigh On Sea conveyancing solicitor based in the vicinity that I am purchasing? An old friend can perform the legal work however his firm is located 400miles away.

The benefit of a high street Leigh On Sea conveyancing practice is that you can visit the firm to execute paperwork, present your ID and pester them where appropriate. Having local Leigh On Sea know how is a benefit. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and they were impressed that should surpass using an unknown Leigh On Sea conveyancing solicitor just because they are Leigh On Sea based.

I am employed by a long established estate agency in Leigh On Sea where we have witnessed a number of flat sales derailed as a result of short leases. I have received conflicting advice from local Leigh On Sea conveyancing solicitors. Could you confirm 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 start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 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 sale.

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.

I bought a split level flat in Leigh On Sea, conveyancing was carried out in 1999. Can you work out an approximate cost of a lease extension? Corresponding properties in Leigh On Sea with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease comes to an end on 21st October 2089

With 66 years remaining on your lease the likely cost is going to span between £12,400 and £14,200 plus plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.

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