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Find a St Annes Park Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised St Annes Park conveyancers for over 130 lenders.


Recently asked questions about conveyancing in St Annes Park

AssumingI was to buy a freehold homein St Annes Park mortgage fee and dispense with a survey and no local authority searches how much could I expect to have to pay for conveyancing in St Annes Park?

The only saving you would make on is the St Annes Park conveyancing searches. Your conveyancer is required to do the vast majority of work - money laundering, liaising with the vendors conveyancer, stamp duty return, register the title etc. You might save a bit for them not needing to register a charge however it will not be significant.

I am about to put a bid on a leasehold apartment in St Annes Park. The selling agents assure me that it is the norm for flats in St Annes Park to have less than 75 years remaining. I am getting a loan with Chelsea Building Society. Will the property be mortgageable given that the lease has 70 years remaining.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 8/1/2022 the requirements read as follows :

85 years from the date of completion of the mortgage. Please ensure that you explain the implications of a short term lease to the borrower.

I am currently in the process of buying my council flat in St Annes Park. I have a mortgage offer with Co-operative. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?

It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.

It is unclear whether my bank requires a lease extension. I have called my St Annes Park building society branch on numerous occasions and was informed it wasn't a problem and they will lend. My St Annes Park conveyancing solicitor - who is on the bank conveyancing panel- called and was told they refuse to lend based on their specific requirements. Who do I believe?

Provided that the lawyer is on the lender panel, they must follow the CML Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.

At last I have had an offer on an apartment in St Annes Park agreed to, the sellers do nevertheless have a tied purchase. The sellers have offered on on an apartment, however it’s not been accepted yet, and are looking at other properties in the pipeline. I have chosen a nearby conveyancing solicitor in St Annes Park. What should be my next step? At what point do I apply for the mortgage with Co-operative?

It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of £1k, then valuation, St Annes Park conveyancing search fees, etc). First, you should ensure that your conveyancer is on the Co-operative conveyancing panel. Regarding the next steps this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. During a hot market many purchasers would apply for a home loan with Co-operative and pay for the valuation and only if it comes back ok would they ask their property lawyer to move forward with the conveyancing in St Annes Park.

I have recentlydiscovered that Arc property Solicitors have closed. They carried out my conveyancing in St Annes Park for a purchase of a leasehold apartment 9 months ago. How can I be sure that the property is in my name in the name of the former proprietor?

The easiest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of St Annes Park conveyancing specialists.

I have been on the look out for a leasehold apartment up to £245,000 and found one near me in St Annes Park I like with amenity areas and station in the vicinity, however it's only got 52 years unexpired on the lease. I can't really find anything else in St Annes Park suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you require a mortgage that many years may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.

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