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

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Recently asked questions about conveyancing in Shirehampton

Our conveyancer has identified a a problem with the lease for the apartment we are purchasing in Shirehampton. The seller’s lawyers have put forward defective title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancing practitioner has advised that he must check that the mortgage company is happy with this solution. Who is the client here, us or the lender?

Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the lender are the client. These conveyancing instructions have to be complied with.

My partner and I are downsizing from our property in Shirehampton and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. A local conveyancer would know that there is no such problem. It does beg the question why the purchasers used a web based conveyancing practice rather than a conveyancing solicitor in Shirehampton. We have lived in Shirehampton for many years we know that this is a non issue. Do we contact our local Authority to obtain clarification that there is no issue.

It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)

I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what should have been a quick, no chain conveyancing. Shirehampton is where the house is located. What do you suggest?

Flying freeholds in Shirehampton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Shirehampton you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shirehampton 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 residence.

We're FTB’s - agreed a price, but the property agent told us that the owners will only move forward if we appoint their recommended conveyancers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family conveyancer accustomed to conveyancing in Shirehampton

It is improbable the sellers are driving this. If they desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is counter productive. Contact the sellers directly and make the point that (a)you are serious purchasers (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you intend to proceed fast (e)however you are going to appoint your preferred Shirehampton conveyancing solicitors - not the ones that will earn the estate agent a referral fee or meet his conveyancing figures demanded by senior management.

I own a leasehold house in Shirehampton. Conveyancing and Birmingham Midshires mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Shirehampton who previously acted has long since retired. What should I do?

The first thing you should do is contact the Land Registry to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Shirehampton conveyancing firm to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Leasehold Conveyancing in Shirehampton - A selection of Queries before Purchasing

    Plenty Shirehampton leasehold flats will have a service bill for maintenance of the block invoiced by the management company. If you acquire the property you will have to pay this amount, normally periodically during the year. This could be anything from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all probability there will be a ground rent to be met annual, ordinarily this is not a significant amount, say about £50-£100 but you should to check it because on occasion it can be prohibitively expensive. Please inform me if there are any major works on the horizon that will increase the maintenance charges? How much is the yearly maintenance fee and ground rent?

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