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Recently asked questions about conveyancing in Prenton

Finally the sale completed on my house in Prenton last August but the buyer keeps Skype messaging daily complaining that her solicitor needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?

Post completion of your sale your lawyer is duty bound to deliver the transfer deeds and all of the paperwork to the purchaser's lawyers. Where relevant, your lawyer should also evidence that the legal charge in favour of the lender has been discharged to the buyers solicitors. There is unlikely to be post completion requirements unique to conveyancing in Prenton.

My friend advised me that where I am buying in Prenton I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is occasionally included in the estimate for your Prenton conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Prenton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Prenton Education with plans and statistics, Local Amenities and other useful data about Prenton.

I have todaybecome aware that Action Conveyancing have been shut down. They conducted my conveyancing in Prenton for a purchase of a leasehold flat 10 months ago. How can I establish that my home is not still registered in the name of the previous owner?

The easiest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Prenton conveyancing specialists.

I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Prenton is where the house is located. Is there any guidance you can give?

Flying freeholds in Prenton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Prenton you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Prenton 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.

Do you have any top tips for leasehold conveyancing in Prenton with the aim of speeding up the sale process?

  • A significant proportion of the frustration in leasehold conveyancing in Prenton can be avoided if you get in touch lawyers the minute you market your property and ask them to collate the leasehold information which will be required by the buyers’ lawyers.
  • You may think that you are aware of the number of years left on your lease but it would be advisable verify this by asking your lawyers. A purchaser's conveyancer will be unlikely to recommend their client to where the remaining number of years is less than 80 years. In the circumstances it is essential at an early stage that you identify whether the lease term for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. If you have the benefit of shareholding in the freehold, you should make sure that you are holding the original share certificate. Organising a re-issued share certificate is often a time consuming formality and slows down many a Prenton conveyancing transaction. If a reissued share is required, do contact the company director and secretary or managing agents (if relevant) for this at the earliest opportunity. If there is a history of conflict with your freeholder or managing agents it is essential that these are settled before the property is marketed. The buyers and their solicitors will be nervous about purchasing a flat where a dispute is unsettled. You will have to accept that you will have to discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is clearly preferable to present the dispute as over as opposed to unsettled.

I inherited a studio flat in Prenton, conveyancing was carried out March 2005. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Prenton with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 levied per year. The lease terminates on 21st October 2096

With only 71 years unexpired the likely cost is going to be between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.

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