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Find a Thornhill Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Thornhill

My son is purchasing a house that has just been built in Thornhill with a mortgage from Kent Reliance. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?

The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Kent Reliance conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Kent Reliance conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Should commercial conveyancing searches disclose proposed roadworks that may impact a commercial property in Thornhill?

Many commercial conveyancing solicitors in Thornhill will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Thornhill. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Thornhill.

For every commercial conveyancing transaction in Thornhill it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Thornhill commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Thornhill.

Me and my brother purchased a semi-detached Victorian house in Thornhill. Conveyancing solicitor represented me and Nottingham Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the matching property. I thought I was buying a freehold how can I check?

You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Thornhill and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with the conveyancing solicitor who carried out the work.

I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Thornhill is the location of the property. Is there any guidance you can impart?

Flying freeholds in Thornhill are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Thornhill you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Thornhill 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 premises.

My wife and I purchased a leasehold house in Thornhill. Conveyancing and Birmingham Midshires mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Thornhill who previously acted has now retired. What should I do?

First contact the Land Registry to be sure that this person is indeed the new freeholder. You do not need to instruct a Thornhill conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I own a ground floor flat in Thornhill, conveyancing was carried out in 2002. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Thornhill with a long lease are worth £176,000. The ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2074

With 50 years remaining on your lease the likely cost is going to span between £31,400 and £36,200 as well as professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward 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.