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

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Recently asked questions about conveyancing in Rushden

We are acquiring our first house. The property lawyer has messagedto ask if we wish to purchase extra conveyancing searches. We are really unsure what's appropriate for conveyancing in Rushden

The type of Rushden conveyancing searches depends primarily on the property, the location, the probability of any of these risks, your familiarity of the area and risks, your overall attitude to risk. What matters is that you properly appreciate what information each search could give you. Then you can decide if you consider that you need that search. If unsure, ask the property lawyer to advise.

In what way does my ID and proof of funds have anything to do with my conveyancing in Rushden? Is this really warranted?

Rushden conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to supply two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill no older than three months).

Proof of the origin of monies is also necessary under the money laundering laws as lawyers are duty bound to ensure that the monies you are utilising to buy a property (whether it be the deposit for exchange or the full purchase amount where you are a cash purchaser) has originated from a reputable source (such as an inheritance) and is not the product of illegitimate behaviour.

I used Stirling Law several years ago for my conveyancing in Rushden. Now, I need my files however the law firm has closed. What do I do?

Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Rushden of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

I decided to have a survey done on a property in Rushden in advance of appointing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders will not grant a loan on such a property.

It varies from the lender to lender. Santander has different requirements from Nationwide. If you e-mail us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Rushden. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Rushden to see if the conveyancing will be more expensive.

I today plan to offer on a house that seems to tick a lot of boxes, at a great price which is making it all the more appealing. I have subsequently found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Rushden. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Rushden ?

The majority of houses in Rushden are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. It is clear that you are buying in Rushden so you should seriously consider looking for a Rushden conveyancing practitioner and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the landlord’spermission to conduct alterations. You may also be required to pay a maintenance charge towards the maintenance of the estate where the house is located on an estate. Your lawyer will advise you fully on all the issues.

I invested in buying a leasehold flat in Rushden, conveyancing having been completed in 1996. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Rushden with an extended lease are worth £180,000. The ground rent is £65 levied per year. The lease expires on 21st October 2079

With 59 years unexpired the likely cost is going to be between £20,900 and £24,200 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.

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