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Find a Tiptree Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Tiptree

Are the Tiptree conveyancing solicitors identified as being on the TSB conveyancing panel, together with their details provided by TSB?

Tiptree conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.

I'm purchasing a new build house in Tiptree with a loan from HSBC Bank. The builders refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not reveal to my lawyer about this deal as it could affect my mortgage with the bank. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Tiptree is the location of the property. Can you shed any light on this issue?

Flying freeholds in Tiptree are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tiptree you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tiptree may ascertain 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.

I am a negotiator for a busy estate agent office in Tiptree where we see a few flat sales put at risk as a result of short leases. I have received contradictory information from local Tiptree conveyancing solicitors. Could you clarify whether the vendor of a flat can commence the lease extension formalities for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Tiptree Conveyancing for Leasehold Flats - Sample of Queries Prior to buying

    Is the freehold owned collectively by the tenants? This question is helpful as a) areas could result in problems for the block as the common areas may begin to deteriorate where maintenance remain unpaid b) if the leaseholders have a dispute with the managing agents you will want to have complete disclosure Can you tell me if there are any major works on the horizon that will likely add a premium to the service fees?

We own a leasehold flat in Tiptree. Conveyancing was finished in 2009. I have heard that I should not let the lease length fall too short. Is this right?

Tiptree leasehold properties are for a set term - normally ninety nine years when they commenced. However a significant flats in Tiptree were constructed or converted in the 60’s and so these leases now have under 80 years remaining. This may seem like plenty of time but Banks, Building Societies and other mortgage companies generally need leases to have at least seventy five years unexpired to adequate security. This means that when you come to sell the property you will need a lease extension if you are approaching 75 years. To increase the saleability of your property you should be thinking about whether or not to extend your lease long before you come to sell it. Please note that there are significant benefits to doing so before the lease reaches even eighty years as when the lease is less than 80 years the premium you have to pay to extend starts to increase.

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