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Find a Silsoe Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Silsoe

We are about to exchange on the purchase of a house in Silsoe but as a consequence of damage from some water damage at the property I have managed to agree compensation from the vendor in the sum of six thousand pounds taking the form of a deduction in the price. I had intended this to be addressed as part of amending the contract however Santander will not permit this. Should they have been notified?

The solicitor that is on the Santander approved list is required to advise Santander of any variations to the sale price. If you prohibit your property lawyer to notify the price change to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new solicitor for your conveyancing in Silsoe.

Is there a reason why leasehold purchase conveyancing in Silsoe is more expensive?

The conveyancing costs on a leasehold property in Silsoe is inevitably greater when contrasted to a freehold transaction. This is due to the supplemental work necessary in liaising with the landlord and management company to collate the evidence concerning whether the rent and service charges have been cleared and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the building.

We just had an offer accepted to buy with Earl Shilton BS. We have called around locally but cant to find a Silsoe conveyancing firm on the Earl Shilton BS approved list. Please you help?

Feel free to take advantage of the find a lender approved solicitor tool on this site. Please choose the mortgage company and type Silsoe or your location and you will discover numerous solicitors based in Silsoe or near you.

How can the Landlord & Tenant Act 1954 impact my business offices in Silsoe and how can you help?

The 1954 Act provides protection to commercial leaseholders, giving them the legal entitlement to make a request to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Silsoe is one of our many locations in which our lawyers have offices

When it comes to leasehold conveyancing in Silsoe what are the most common lease problems?

Leasehold conveyancing in Silsoe is not unique. All leases are unique and legal mistakes in the legal wording can sometimes mean that certain provisions are wrong. The following missing provisions could result in a defective lease:

    Insurance obligations A provision for the recovery of money spent for the benefit of another party.

A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Chelsea Building Society, and Nottingham Building Society all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, forcing the buyer to pull out.

I am the registered owner of a leasehold flat in Silsoe, conveyancing having been completed September 1996. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Silsoe with over 90 years remaining are worth £181,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease finishes on 21st October 2075

With 51 years unexpired we estimate the price of your lease extension to range between £30,400 and £35,200 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.

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