lenderpanel

Find a St Asaph Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in St Asaph

We are purchasing a 3 bedroom flat in St Asaph with a mortgage. We wish to retain our St Asaph conveyancer, but the mortgage company says she’s not on their "panel". We have to appoint one of the lender panel solicitors or keep our St Asaph conveyancing practitioner as well as pay for one of their panel lawyers to act for them. This feels very unfair; are we not able to demand that the lender use our St Asaph lawyer ?

No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your St Asaph conveyancing solicitor to apply to be on the conveyancing panel.

Do the conveyancing practitioners listed on your site perform right to buy conveyancing in St Asaph?

We work with a variety of conveyancing solicitors carrying out right to buy conveyancing Please contact us with a view to obtain a conveyancing quote.

I own a freehold house in St Asaph but still charged rent, why is this and what is this?

It is rare for properties in St Asaph and has limited impact for conveyancing in St Asaph but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.

How does conveyancing in St Asaph differ for newly converted properties?

Most buyers of new build premises in St Asaph approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is constructed. This is because builders in St Asaph usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in St Asaph or who has acted in the same development.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. St Asaph is the location of the property. What do you suggest?

Flying freeholds in St Asaph are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside St Asaph 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 St Asaph may determine 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.

Last updated

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