lenderpanel

Find a Prestbury Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Prestbury

We are buying our first property. Our conveyancing practitioner has calledto see if we would like to take out additional conveyancing searches. As novices we have no idea as to what's recommended for conveyancing in Prestbury

The range of Prestbury conveyancing searches depends entirely on the property, the location, the likelihood of any of these risks, your knowledge of the locality and risks, your general attitude to risk. What matters is that you properly understand what information each search could give you. You may then make a decision if you personally think you need that information. If unsure, ask your lawyer to explain.

Our bank has recommended a law firm on their panel based in Prestbury but I would rather instruct a conveyancing lawyer in Prestbury or nearer to where I live. Can you help?

The minority of Prestbury conveyancing practitioners are on all banks conveyancing panel. Use our search tool to locate a Prestbury conveyancing solicitor on the on the bank panel.

I purchased a renovated Edwardian house in Prestbury. Conveyancing solicitor acted for me and Leeds Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?

You need to assess 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 Prestbury and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing lawyer who carried out the work.

My wife and I purchased a leasehold flat in Prestbury. Conveyancing and Santander mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Prestbury who acted for me is not around. Any advice?

The first thing you should do is make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to instruct a Prestbury conveyancing firm to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I purchased a studio flat in Prestbury, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Prestbury with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease runs out on 21st October 2075

With 51 years remaining on your lease the likely cost is going to be between £30,400 and £35,200 as well as costs.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.

Partway through the sale of a leasehold flat in Prestbury. Conveyancing is fine but we have been asked to pay a fortune from the managing agents. So far we have issued a cheque for £237 for a leasehold management pack and then another £134.40 for supplemental questions raised by the buyers property lawyer.

Neither you or your lawyer will have any impact over the extent of the fee for this information however the average costs for the information for Prestbury leasehold premises is £395. For Prestbury conveyancing sales it is usual for the owner to cover the costs. The landlord or their agents are under no statutory obligation to address these questions most will agree to do so - albeit often at exorbitant prices disproportionate to the work involved. Regretfully there is no legislation that requires set charges for administrative tasks. Nor is there any statutory time frame by which they are required to issue the information.

Last updated

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