I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Atherstone. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 5/10/2025, the requirements read as follows :
I have justdiscovered that Arc property Solicitors have been shut down. They conducted my conveyancing in Atherstone for a purchase of a freehold house 9 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The easiest way to see if the property is registered to you, 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 Atherstone conveyancing specialists.
How does conveyancing in Atherstone differ for new build properties?
Most buyers of new build property in Atherstone contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is built. This is because developers in Atherstone usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Atherstone or who has acted in the same development.
Over the last few months I have been searching for a flat up to £235,500 and identified one close by in Atherstone I like with open areas and station nearby, the downside is that it only has 61 remaining years left on the lease. There is not much else in Atherstone for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
We are 18 days into a leasehold purchase having been directed to conveyancers by the estate agent to carry out the conveyancing in Atherstone. We are not happy. Could you you assist me in finding new conveyancers?
They would have to be really poor in order to consider replacing them. Has the mortgage offer been sent? If so you need to inform them of the replacement lawyer and get the offer are issued to the new lawyers. Your conveyancer needs to be on the lenders approved list to avoid added charges and delays. That should be your starting point. The find a solicitor tool will assist you in finding a lender approved lawyer for your home move in Atherstone
Why do Atherstone conveyancing fees are more expensive for leasehold and freehold properties?
There is always increased work necessary for leasehold conveyancing. Atherstone has many leasehold properties. There is more hours involved in the purchase: for example, the lease and leasehold information (including current service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.