I am nearing exchange of contracts for my apartment in Chorley and the estate agent has just e-mailed to warn that the purchasers are appointing a new law firm. The reason given is that the lender will only engage with solicitors on their approved list. Why would a major mortgage company only engage with specific solicitors rather the firm that they want to select for their conveyancing in Chorley ?
UK lenders have always had an approved set of law firms they are willing to work with, but in recent years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for many years.
Lending institutions justify this action to a rise in fraud as the reason for the pruning – criteria have been stiffened as a smaller panel is easier to monitor. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are not going to have any sway in the decision.
In the event thatI were to purchase a freehold propertyin Chorley mortgage fee and have no survey and no local authority searches how much would I expect to to save on my conveyancing in Chorley?
The only reduction in fees you would achieve is the disbursement for searches. The solicitor is required to do the vast majority of work - money laundering, liaising with the vendors lawyer, stamp duty submission, register the ownership etc. You might save a bit for them not needing to register a mortgage but it will not be significant.
I own a freehold premises in Chorley but still pay rent, why is this and what is this?
It’s unusual for properties in Chorley and has limited impact for conveyancing in Chorley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Chorley. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 27/4/2026, the requirements read as follows :
I need to retain a conveyancing solicitor for freehold conveyancing in Chorley. I've stumble upon a site which appears to be the perfect offering If it is possible to get all formalities done via phone that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Having had my offer accepted I require leasehold conveyancing in Chorley. Before I set the wheels in motion I want to be sure as to the remaining lease term.
If the lease is recorded at the land registry - and 99.9% are in Chorley - then the leasehold title will always include the short particulars 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.
I inherited a ground floor flat in Chorley, conveyancing was carried out in 2007. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Chorley with over 90 years remaining are worth £260,000. The ground rent is £45 invoiced annually. The lease ceases on 21st October 2100
You have 74 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.