Find a Old St Mellons Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Old St Mellons conveyancers for over 130 lenders.

Recently asked questions about conveyancing in Old St Mellons

Recently contacted my conveyancing lawyer in Old St Mellons who conducted the legals 18 months ago and wanted a conveyancing costs illustration based on the same type of house move (a leasehold premises and a freehold premises) of almost identical values with a mortgage from Lloyds TSB Bank. I am now being charged twice the amount. Am I right to be tempted to shop around for an alternative conveyancer?

The quote is slightly on the expensive side. If you shop around you might reduce the fees marginally by as much as a hundred pounds. That being said, providing that you were pleased with the conveyancing the firm gave you maycome to regret choosing an an untested conveyancer. Remember to ensure the conveyancer can act for Lloyds TSB Bank. You can use our search tool to choose a Old St Mellons conveyancing firm on the Lloyds TSB Bank conveyancing panel, which can often include conveyancing solicitors in Old St Mellons.

I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Old St Mellons. My lender is Platform

Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 7/2/2024, the requirements read as follows :

The deeds to our property can not be found. The conveyancers who did the conveyancing in Old St Mellons 10 years ago are no longer around. Will I be able to sell the house?

These day there are copies made of almost everything, and your lawyer should be aware precisely where to look for all the appropriate documentation so you may purchase or dispose of your property without any difficulty. Where copies can’t be found, your lawyer may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on the property.

Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Old St Mellons is where the house is located. Can you offer any guidance?

Flying freeholds in Old St Mellons are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Old St Mellons you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Old St Mellons may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

I work for a busy estate agent office in Old St Mellons where we see a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have been given contradictory information from local Old St Mellons conveyancing solicitors. Can you clarify whether the owner of a flat can instigate the lease extension process for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.

An alternative approach is to agree the lease extension with the freeholder 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.

Leasehold Conveyancing in Old St Mellons - A selection of Queries before Purchasing

    Make sure you discover if there is anything that is prohibited in the lease. For example it is very common in Old St Mellons leases that pets are not permitted in in a block in Old St Mellons. If you love the propertyin Old St Mellons yet your cat is not allowed to make the move with you then you will be faced hard compromise. Are any of leasehold owners in arrears of their service charge liability? The answer will be important as a) areas may cause problems for the building as the communal areas may start to deteriorate if repairs remain unpaid b) if the tenants have an issue with the managing agents you will need to know about it

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