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Find a Thrapston Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Thrapston

Am I correct in assuming that the fact that my conveyancer in Thrapston is not on my mortgage company's solicitor panel that there is a problem with the quality of his work?

It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Thrapston conveyancing firm and ask them why they are no longer on the approved list for your lender.

Is it the case that all Thrapston CQS (Conveyancing Quality Scheme) solicitors are on the Aldermore conveyancing panel?

It is true that some banks and building societies now make use of the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of firms.

My wife and I have arranged a further advance on our mortgage from Leeds Building Society as we intend to conduct alterations to our home in Thrapston. Do we need to appoint a high street Thrapston solicitor on the Leeds Building Society conveyancing panel to deal with the paperwork?

Leeds Building Society would not normally appoint firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society list.

Planning on purchasing a house in Thrapston. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Skipton conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Thrapston property lawyer is on the Skipton conveyancing panel.

I am buying a new build apartment in Thrapston. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Thrapston

    The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?

Over the last few months I have been searching for a flat up to £305k and found one near me in Thrapston I like with a park and railway links nearby, the downside is that it only has 52 years unexpired on the lease. There is not much else in Thrapston in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?

If you require a home loan the remaining unexpired lease term may be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.

In what way can the Landlord & Tenant Act 1954 affect my business offices in Thrapston and how can you help?

The 1954 Act affords security of tenure to commercial lessees, granting the a statutory right to apply to court for a renewal lease and continue in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Thrapston

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