Find a Sedbergh Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Sedbergh

We see that you have a post code search directory identifying law firms on the Nottingham conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Sedbergh?

We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Sedbergh.

About to place an offer on a leasehold apartment in Sedbergh. The estate agents tell me that it is the norm for flats in Sedbergh to have less than 75 years left on the lease. I am expecting a loan 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 securing 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 22/11/2022 the requirements read as follows :

Yes, subject to a minimum lease term of 85 years. The unexpired lease term must be at least the mortgage term plus 45 years. See also 5.14.9

I am buying a new build flat in Sedbergh. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Sedbergh

    Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

I decided to have a survey carried out on a property in Sedbergh before instructing solicitors. I have been informed that there is a flying freehold element to the property. My surveyor has said that some banks may refuse to issue a loan on such a home.

It varies from the lender to lender. Santander has different requirements from Nationwide. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Sedbergh. Conveyancing will be smoother if you use a solicitor in Sedbergh especially if they regularly deal with such properties in Sedbergh.

Developers have recommended to me a conveyancer and I've received an estimate from them. It's almost £400 less expensive than my preferred Sedbergh conveyancing practitioner. What's the catch?

Builders normally have lists of solicitors who are quick and who know the developer’s contract and solicitor. As many developers offer an incentive to use their approved solicitor for this reason, any increased cost can be avoided and a builder will not recommend a conveyancing warehouse and run the risk of having the transaction stall when they want exchange in 28 days. A counter-argument for not agreeing to use the recommended conveyancer is that they may prove unwilling to 'push' your interests for fear of alienating the developer. Where you have concerns that this may be the situation you should remain with your high street Sedbergh lawyer.

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Neighbouring Locations

Kirkby Lonsdale

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