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Find a Penrith Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Penrith

My fiance’s mother is a solicitor. I expect that I will receive mate’s pricing for conveyancing, However if that does not come through, what level of figure would I typically be looking at for conveyancing in Penrith?

Do contrast pricing. Do use our comparison tool on this page. The prices seem to vary but service levels do differ between property lawyers as is the case with most professions.

Why do I have to pay up front for my conveyancing in Penrith?

Where you are retaining lawyers for conveyancing in Penrith your lawyer will ask you place them with monies to cover the the cost of the conveyancing searches. Normally this is called for to cover the fees of the conveyancing searches. If any deposit is payable against the total price then this will be needed shortly before contracts are exchanged. Any further balance that is needed should be sent to your lawyer shortly before completion.

I am purchasing a new build house in Penrith benefiting from help to buy. The sellers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not reveal to my conveyancer about this deal as it would impact my loan with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder 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.

I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a straight forward, chain free conveyancing. Penrith is where the house is located. Is there any advice you can impart?

Flying freeholds in Penrith are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Penrith you must be sure that your lawyer goes 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 Penrith may decide 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 premises.

What can I do to establish who owns a property in Penrith?

Provided the premises is registered with the Land Registry, and you have enough specifics of the address of the property, you will be able to view results from the the Land Registry of the recorded owner for a for less than a fiver.

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Neighbouring Locations

Penrith
Cumbria

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