lenderpanel

Find a Whittlesey Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Whittlesey

We hired a Whittlesey based solicitor for my conveyancing in Whittlesey yesterday. Upon checking the official terms of business I seeI am on the hook for costs even where the transaction does not complete. Would I be best advised to choose a web based firm promising no move no charge conveyancing in Whittlesey?

Generally there is a concession along the lines that if "No Completion No Fee" is offered then the conveyancing charges will generally be more expensive to counteract those transactions that do not proceed. Do bear in mind that such arrangements generally do not cover disbursements e.g. Whittlesey conveyancing search expenses.

Are the BSA intent on creating a search tool with a view to list practices on the Earl Shilton BS conveyancing panel for example in Whittlesey?

We are not aware of any intention on the part of the BSA to develop such a tool.

I am due to move home in March. Will my conveyancing solicitor update the removal company on the day of completion. On a separate note, can you suggest a removal company in Whittlesey. Conveyancing lawyer was chosen before I stumbled across this page.

On the afternoon of completion you can pick up the house keys from your property agent but this should only occur when the vendors solicitors advise the agent that the monies to complete are in and the keys can be handed over. Subsequently you should advise the removal men that you are ready to move in. As a matter of policy we do not suggest a specific removal organisation but can assist you in locating a conveyancing in Whittlesey or a solicitor with expertise in conveyancing in Whittlesey.

I am the sole beneficiary of my late grandmother’s estate and I have everything in my name alone, including the house in Whittlesey. Conveyancing formalities meant that the Land Registry date was in January. I plan to dispose of the house. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship may be treated the same way as if I'd bought the house in January. Is the property unsalable for six months?

The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. How practical a view mortgage companies take of it, depend on the bank as this provision is primarily there to pick up on subsales or the flipping of properties.

I had a mortgage agreed in principle with Aldermore. Whittlesey conveyancing solicitors are chosen. How long does it take for Aldermore to forward the offer to the conveyancing practitioner?

Some lenders take longer than others. Have Aldermore done the valuation? Have you informed Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

It has been three months following my purchase conveyancing in Whittlesey completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I am attracted to a couple of apartments in Whittlesey which have in the region of fifty years remaining on the leases. should I be concerned?

There are no two ways about it. A leasehold apartment in Whittlesey is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it reduces the value of the premises. The majority of purchasers and banks, leases with less than 75 years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property 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 premises 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 Whittlesey 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 the agreed 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.

I acquired a leasehold flat in Whittlesey, conveyancing formalities finalised May 2006. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Whittlesey with over 90 years remaining are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease finishes on 21st October 2082

With 63 years unexpired we estimate the price of your lease extension to span between £16,200 and £18,600 plus professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.

Last updated

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