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Find a Potton Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Potton

I have just been advised by my estate agent that my Potton lawyer is not on the mortgage company Conveyancing panel. What can I do to be certain if this is indeed the case?

Your first step should be to call your Potton conveyancer. It is reasonable to expect your lawyer to inform you what has happened. If they are not on the panel they may be able to suggest a Potton conveyancing practice that is on the approved list of lawyers for your bank.

I am planning to acquire a house and require a conveyancing solicitor in Potton who is on the Norwich and Peterborough Building Society conveyancing. Could you point me in the right direction as regards a firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Norwich and Peterborough Building Society in certain locations such as Potton. We dont recommend any particular firm.

Me and my brother have a 4 bedroom Victorian property in Potton. Conveyancing practitioner represented me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?

You should read 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Potton and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing practitioner who conducted the conveyancing.

Am I right to be wary about third parties that I am dealing with are suggesting a national conveyancing firm rather than a local Potton conveyancing firm?

As is the case with many service providers, often suggestions from relatives can be very helpful. Nevertheless there are lots of people with a vested interest in a conveyancing matter; estate agents, financial adviser and lenders may put forward solicitors to choose. Sometimes these solicitors might be known to one of the organisations as experts in their field, but sometimes there behind the scenes financial incentive behind the recommendation. You have the discretion to choose your preferred lawyer. Don't forget that the majority of banks specify a panel list of conveyancers you are obliged to use for the lender related work in your conveyancing.

If all goes to plan we aim to complete the disposal of our £150,000 flat in Potton in 10 days. The landlords agents has quoted £396 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Potton?

Potton conveyancing on leasehold flats normally involves the buyer’s conveyancer submitting enquiries for the landlord to answer. Although the landlord is under no legal obligation to address such questions most will be willing to do so. They are entitled to charge a reasonable administration fee for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is £350, in some cases it is in excess of £800. The administration charge required by the landlord must be sent together with a synopsis of rights and obligations in relation to administration fees, otherwise the invoice is not strictly payable. Reality however dictates that one has no choice but to pay whatever is demanded if you want to exchange contracts with the buyer.

I own a basement flat in Potton, conveyancing formalities finalised April 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Potton with over 90 years remaining are worth £181,000. The average or mid-range amount of ground rent is £55 per annum. The lease terminates on 21st October 2072

With only 50 years left to run we estimate the premium for your lease extension to span between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.

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