I am nearing exchange of contracts for my house in Bredbury and the EA has just text me to advise that the purchasers are swapping solicitor. The reason given is that the bank will only work with property lawyers on their approved list. Why would a big named lender only work with certain solicitors rather the firm that they want to select for their conveyancing in Bredbury ?
Lenders have always had an approved set of law firms that can act for them, but in recent years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for many years.
Banks point to the increase in fraud as the reason for the reduction – criteria have been narrowed as a smaller panel is easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are unlikely to have any impact on this.
We are a couple about to exchange contracts for a ground floor flat in Bredbury. We encountered a problem. Our loan offer with Chelsea Building Society runs out on 30/3/2026 but the owners are suggesting a completion date of 1/4/2026. Can one prolong the mortgage offer?
The person best placed to deal with your concern is your conveyancer who will assess if they corresponding with the mortgage broker, owner’s conveyancers, property agents or conceivably all three taking into account the circumstances your transaction as of today.
What is the optimum way to check that the solicitor conducting my conveyancing in Bredbury is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Godiva Mortgages Ltd thus paying £187.00 plus VAT in supplemental legal fees.
Feel free to take advantage of the find a lender approved solicitor tool on this page. Pick the mortgage company and type ‘Bredbury’ or your location and you will discover numerous solicitors located in Bredbury or by proximity to you.
Due to the guidance of my in-laws I had a survey completed on a property in Bredbury prior to instructing solicitors. I have been told that there is a flying freehold aspect to the property. The surveyor advised that some lenders tend refuse to issue a mortgage on this type of premises.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bredbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bredbury to see if the conveyancing costs will increase in light of this.
Is there anything unique about your site and alternative internet conveyancing brokers for conveyancing in Bredbury?
At this site get a conveyancing quote from a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Bredbury. As opposed to estate agents and brokerage sites we do not operate kick-back arrangements with solicitors. Many agents and online brokers 'recommend' the firm paying the most commission, rather than the best value conveyancing in Bredbury
Having had my offer accepted I require leasehold conveyancing in Bredbury. Before diving in I require certainty as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and 99.9% are in Bredbury - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Bredbury Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing
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The best form of lease arrangement is a share of the freehold. In this situation the lessees have control and even though a managing agent is frequently retained where the building is bigger than a house conversion, the managing agent employed by the leaseholders. It would be sensible to find out as much as you can concerning the managing agents as they can either make your life much easier or much more difficult. As the proprietor of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to daily issues such as the cleanliness of the communal areas. Ask other people if they are happy with their management. On a final note, investigate as to the dates that the maintenance charges are due to the managing agents and precisely how they are spending the funds.