I chose a high street firm for our conveyancing in Rothley recently. Going through the official terms of business I seeI am responsible for costs even if the dealfalls through. Should I go with them or use a web based conveyancing brokerage promising no-sale-no-fee conveyancing in Rothley?
Generally there is a concession along the lines that if "No Completion No Fee" is offered then the conveyancing charges will tend to be be more expensive to counteract those conveyances that do not go ahead. Dont forget that such schemes tend not to cover outlay such as Rothley conveyancing search expenses.
Why do I have to pay up front when it comes to conveyancing in Rothley?
If you are buying a property in Rothley your lawyer will request that you place them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the down payment is payable against the purchase price then this should be required immediately prior to contracts are exchanged. The closing balance that is needed will be payable a few days prior to the day of completion.
I am about to put a bid on a leasehold property in Rothley. The selling agents say that it is normal for flats in Rothley to have less than 75 years unexpired on the lease. I am taking out a mortgage with Bank of Ireland. Is this going to be a problem if the lease has Seventy One years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 29/8/2025 the requirements read as follows :
I am buying my first flat in Rothley benefiting from help to buy. The developers refused to move on the price so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not reveal to my conveyancer about the deal as it could affect my loan with the lender. Do I keep my lawyer in the dark?.
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 am hoping to put an offer on a small detached house that seems to meet my requirements, at a reasonable figure which is making it all the more appealing. I have just found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Rothley. Conveyancing advisers have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Rothley ?
The majority of houses in Rothley are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Rothley so you should seriously consider shopping around for a Rothley conveyancing practitioner and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as obtaining the landlord’sconsent to conduct changes to the property. It may be necessary to pay a service charge towards the maintenance of the estate where the property is part of an estate. Your conveyancer should appraise you on the various issues.