lenderpanel

Find a Silverstone Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Silverstone conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Silverstone

It may have been a long time coming a mortgage agreement from Nationwide for the refinancing of my 3 bedroom apartment is expected by the end of next week. Are you able to suggest a cheap conveyancing solicitor in Silverstone?

You are on the wrong site if you are seeking a cheap conveyancing solicitors in Silverstone. Our goal is to offer excellent value conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing companies offering the bait of £100 conveyancing in Silverstone. Optimistically, in deciding on low cost conveyancing, you will get your money’s worth and at worst you will end up spending a lot in extras and still not receive the service required.

It has been 4 months since my purchase conveyancing in Silverstone completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

In what way can the Landlord & Tenant Act 1954 impact my business property in Silverstone and how can your lawyers assist?

The 1954 Act affords a safeguard to business lessees, giving them the dueness to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Silverstone

I wish to sublet my leasehold apartment in Silverstone. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?

The lease governs relations between the freeholder and you the leaseholder; specifically, it will say if subletting is prohibited, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no specific ban or restriction, subletting is permitted. Most leases in Silverstone do not prevent strict prohibition on subletting – such a clause would undoubtedly devalue the flat. In most cases there is simply a requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.

Leasehold Conveyancing in Silverstone - A selection of Questions you should consider before buying

    Many Silverstone leasehold properties will incur a service bill for maintenance of the block set on behalf of the freeholder. Where you buy the apartment you will have to meet this contribution, usually in instalments accross the year. This could differ from two or three hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a ground rent for you to pay yearly, normally this is not a large amount, say about £25-£75 but you should to enquire it because sometimes it can be surprisingly expensive. Be sure to enquire if there is anything that is prohibited in the lease. By way of example plenty of leases prohibit pets being permitted in in a block in Silverstone. If you like the apartmentin Silverstone yet your dog is not allowed to live with you then you will be faced hard compromise.

My husband and I hope to buy our first house in Silverstone. Conveyancing solicitor already chosen. The mortgage adviser advised that a survey is not appropriate as the house was only constructed in 2002.

At the very least you should order a Home Buyer's Report. Given the premises was constructed more than a decade ago the property will be without a warranty, so you would be well advised not to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could be enough. They will highlight any obvious problems and recommend further investigation where relevant. Where there are any signs of material issues seek a full Building Survey from the beginning.

Last updated

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