Find a Stotfold Conveyancing Solictior on Your Lender’s Panel

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

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

Recently asked questions about conveyancing in Stotfold

Having sold my house in Stotfold last April but the buyer keeps calling every few hours to say her solicitor needs to hear from mine. What should have happened now that I have sold?

Post completion of your sale your lawyer is committed to send the transfer deeds and all of the paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer should also evidence that the home loan has been repaid to the purchasers conveyancers. There are no post completion procedures unique to conveyancing in Stotfold.

We had selected conveyancers locally in Stotfold on the Principality solicitor approved list. They are now charging me a separate amount for the legal aspects of the Principality mortgage. Is this a supplemental conveyancing fee set by Principality?

Unfortunately, as long as it is in their Terms of Engagement or Quote then yes your conveyancer can charge a fee for this. The fee is not set by Principality but by your Stotfold conveyancing practitioner. Plenty of firms on the Principality panel will quote ’dealing with mortgage’ fee but many firms include it on their overall fee.

I have today made my last payment due on my mortgage with Skipton. I assume I don't need a Stotfold solicitor on the Skipton panel to remove the mortgage at the Land Registry. Am I right?

If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:

  1. but are not moving to another property
  2. where Skipton has sent the Land Registry the discharge electronically, and
  3. Skipton has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Skipton mortgage has been paid off.

I have a mortgage with Lloyds for my property in Stotfold. Conveyancing was finalised a year ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Lloyds?

You must advise Lloyds before letting out your property as this is likely to be a breach of Lloyds’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Lloyds directly. It should not be necessary to do this via a Lloyds conveyancing panel firm.

I opted to have a survey carried out on a property in Stotfold in advance of appointing lawyers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some banks will refuse to issue a loan on such a property.

It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Stotfold. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stotfold to see if the conveyancing will be more expensive.

In sourcing the world wide web for the words conveyancing in Stotfold it brings up numerous conveyancersin the vicinity. How do I determine which is the right conveyancer for my move?

The best method of seeking a suitable conveyancer is through a personal referral, so ask colleagues and those you trust who have bought a property in Stotfold or the reputable estate agent or financial adviser. Charges for conveyancing in Stotfold vary, so it's advisable to secure at least four quotes from different property lawyers. Make sure that you clarify that the costs are assured not to increase.

What makes a Stotfold lease unacceptable for security purposes?

There is nothing unique about leasehold conveyancing in Stotfold. Most leases are drafted differently and drafting errors can sometimes mean that certain clauses are missing. For example, if your lease is missing any of the following, it could be defective:

    Service charge per centages that don't add up correctly leaving a shortfall

You could encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , Barnsley Building Society, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, forcing the buyer to withdraw.

I bought a ground floor flat in Stotfold, conveyancing was carried out 4 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Stotfold with over 90 years remaining are worth £227,000. The ground rent is £50 charged once a year. The lease terminates on 21st October 2096

With only 72 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 plus costs.

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 due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.

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