lenderpanel

Find a New Inn Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in New Inn

We are looking to buy a property and require a conveyancing solicitor in New Inn who is on the Lloyds approved panel. Can you recommend a local conveyancing firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Lloyds . We don't recommend any particular firms conducting conveyancing in New Inn.

Have just purchased a probate house at auction in New Inn. Conveyancing is needed. What happens now?

Now that you are exchanged you now have to hire the services of a conveyancing practitioner as a matter of urgency as you will have a pending a drop dead date to complete the property. Every auction property should have a bespoke auction set of papers. This will likely include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You should hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that you have funds in order to complete the transaction on the set completion date.

Intending to buy a house in New Inn. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the New Inn solicitor is on the Co-operative conveyancing panel.

HSBC have agreed my home loan in principle, my offer on a house in New Inn has been accepted, what happens next?

The estate agent will want to be informed of your solicitor's details (ensure that the conveyancing practitioners are on the lender’s panel). Telephone HSBC or your broker and finalise any appropriate forms. HSBC will appoint a valuer who will get in contact with the estate agent or owners to schedule a slot for the valuation to occur. Once carried out (assuming no problems) it takes about ten days to receive the mortgage offer. HSBC will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in New Inn.

About to purchase a new build flat in New Inn. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in New Inn

    Please confirm the Lease plans are surveyor prepared. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

I have been on the look out for a leasehold apartment up to £235,500 and identified one round the corner in New Inn I like with amenity areas and railway links nearby, the downside is that it's only got 61 years on the lease. There is not much else in New Inn in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you need a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.

Can you provide any top tips for leasehold conveyancing in New Inn with the purpose of speeding up the sale process?

  • Much of the delay in leasehold conveyancing in New Inn can be reduced if you instruct lawyers the minute you market your property and request that they start to collate the leasehold documentation needed by the buyers’ solicitors.
  • If there is a history of any disputes with your freeholder or managing agents it is essential that these are resolved prior to the flat being marketed. The purchasers and their solicitors will be concerned about purchasing a flat where there is a current dispute. You may have to bite the bullet and discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is better to present the dispute as historic as opposed to unsettled. Some New Inn leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors. If you hold a share in a the freehold, you should make sure that you hold the original share document. Arranging a re-issued share certificate is often a time consuming formality and delays many a New Inn conveyancing deal. Where a duplicate share is required, do contact the company officers or managing agents (if applicable) for this at the earliest opportunity. In the event that you altered the property did you need the Landlord’s approval? In particular have you laid down wooden flooring? New Inn leases often stipulate that internal structural alterations or addition of wooden flooring calls for a licence issued by the Landlord acquiescing to such alterations. If you fail to have the consents in place you should not contact the landlord without checking with your lawyer in the first instance.

I own a 1st floor flat in New Inn, conveyancing formalities finalised 7 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in New Inn with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease terminates on 21st October 2100

With 76 years remaining on your lease we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.

Last updated

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