I am acquiring a leasehold flat in New Inn. My Conveyancer has never been on on the bank solicitor list. Is it possible for me to use my New Inn conveyancing solicitor even though they are excluded from the bank panel of approved conveyancing solicitors?

One will need to appoint a conveyancer to complete the legal work required if you need a loan to purchase your home. They will carry out all the appropriate investigations on the property, make sure that you’re registered as proprietor and ensure that all the required mortgage paperwork is in place. One can appoint a New Inn solicitor of your choice. Nevertheless, where the lawyer selected is not on the bank conveyancing panel supplemental costs will be levied as separate legal representation will be need by the mortgage company. Conveyancing panel applications can be submitted, so if your solicitor has not previously applied for membership they can do so.

My brother-in-law has suggested I instruct a conveyancing solicitor in New Inn. I I am struggling to find out if they are accepted on the Nationwide Building Society approved list of lawyers. Could you advise?

The first thing you should do is contact your solicitor and enquire whether they are on the lender panel. Alternatively you can get in touch with Nationwide Building Society who may be able to help.

Due to the advice of my in-laws I had a survey completed on a property in New Inn in advance of instructing lawyers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some lenders tend not issue a loan on this type of premises.

It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in New Inn. Conveyancing may be slightly more expensive based on your lender's requirements.

How simple is it to use your search facility to find a conveyancing lawyer in New Inn on the authorised to act for my lender?

Step one is to pick a mortgage company such as Accord Mortgages Ltd, Barnsley Building Society or Alliance & Leicester then type in your location e.g. New Inn. Conveyancing practices in New Inn and beyond will then be shown.

I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable figure which is making it more attractive. I have subsequently discovered that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in New Inn. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?

The majority of houses in New Inn are freehold and not leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in New Inn so you should seriously consider looking for a New Inn conveyancing practitioner and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’spermission to conduct alterations. It may be necessary to pay a service charge towards the maintenance of the communal areas where the house is part of an estate. Your conveyancer should report to you on the legal implications.

New Inn Leasehold Conveyancing - Examples of Questions you should ask Prior to buying

Who takes charge for maintaining and repairing the building? How much is the ground rent and service charge? Best to be warned if a new roof is being installed or some other major work is due in the foreseeable future to be shared between the leaseholders and will dramatically impact the level of the service costs or require a specific invoice.