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Find a Millom Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Millom

I have a renovated Edwardian house in Millom. Conveyancing lawyer represented me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the matching address. I thought I was buying a freehold how can I check?

You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Millom and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing practitioner who carried out the work.

I am buying my first flat in Millom with the aid of help to buy. The developers would not budge the price so I negotiated 6k of extras instead. The property agent suggested that I not inform my solicitor about the extras as it could adversely affect my mortgage with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Due to the advice of my in-laws I had a survey completed on a property in Millom prior to appointing conveyancers. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some banks tend refuse to give a loan on such a premises.

It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Millom. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Millom to see if the conveyancing will be more expensive.

I need to retain a conveyancing solicitor for freehold conveyancing in Millom. I have discover a web site which seems to have the ideal solution If there is a chance to get all formalities completed via email that would be preferable. Should I be concerned? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I am tempted by the attractive purchase price for a couple of apartments in Millom both have about 50 years unexpired on the leases. Will this present a problem?

A lease is a right to use the premises for a prescribed time frame. As a lease gets shorter the value of the lease reduces and it becomes more costly to extend the lease. This is why it is advisable to extend the lease term. Sometimes it is difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this arena.

I inherited a ground floor flat in Millom, conveyancing was carried out April 2011. How much will my lease extension cost? Corresponding properties in Millom with over 90 years remaining are worth £186,000. The ground rent is £55 per annum. The lease comes to an end on 21st October 2072

With 52 years remaining on your lease we estimate the price of your lease extension to range between £29,500 and £34,000 plus costs.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.

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Find out more about how flying freehold can affect your the value of a property.