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Recently asked questions about conveyancing in Westbourne

We opted for a high street lawyer for my conveyancing in Westbourne last week. Upon checking the terms of engagement it is apparent thatwe are liable for costs even where the transaction does not complete. Would I be best advised to select an internet firm who offer no-sale-no-fee conveyancing in Westbourne?

Generally there is a concession along the lines that if "No Sale No Fee" is offered then the fee levels will tend to be be more expensive to counteract those transactions that abort. Also remember that these deals generally do not cover expenditure e.g. Westbourne conveyancing search expenses.

We are a couple about to sign contracts for a semi detached house in Westbourne. We have hit a stumbling block. The mortgage offer with Barclays Direct expires on 31/12/2020 but the sellers are putting forward a completion date of 5/1/2021. Is it possible to prolong the loan expiry date?

The person best placed to deal with your question is your lawyer who should calculate whether they should be discussing with the bank, seller’s solicitors, estate agents or conceivably all three given the circumstances your transaction as of today.

I have recentlybecome aware that Stirling Law have closed. They carried out my conveyancing in Westbourne for a purchase of a freehold house 10 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?

The quickest way to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Westbourne conveyancing specialists.

I am looking at a two apartments in Westbourne both have in the region of 50 years remaining on the leases. Will this present a problem?

There are no two ways about it. A leasehold apartment in Westbourne is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it adversely affects the salability of the premises. The majority of purchasers and lenders, leases with less than eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Westbourne conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Leasehold Conveyancing in Westbourne - Examples of Queries before buying

    How many of the leaseholders are in arrears for their service charge payments? The majority of Westbourne leasehold flats will be liable to pay a service bill for the upkeep of the building invoiced on behalf of the freeholder. Should you purchase the property you will have to pay this amount, usually periodically throughout the year. This can be anything from a few hundred pounds to thousands of pounds for buildings with lifts and large communal areas. There will also be a ground rent for you to pay yearly, ordinarily this is not a significant amount, say about £25-£75 but you need to check as sometimes it can be prohibitively expensive. The answer will be important as a) areas could cause problems for the building as the common areas may begin to deteriorate where maintenance remain unpaid b) if the leasehold owners have a dispute with the running of the building you will wish to know about it

Do I stop the direct debit for my mortgage with Leeds Building Society as soon as a completion date for my home sale in Westbourne has been agreed?

You would be well advised to keep paying any mortgage sums to Leeds Building Society until the mortgage is paid off from the proceeds of sale as part of your Westbourne conveyancing.

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