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Find a Lender-Approved Local Conveyancer in Colsterworth

Ready to buy a new home? Find a law firm approved by your lender.

Selecting the right solicitor is the most important decision when it comes to your Colsterworth conveyancing

Reasons to use our Colsterworth conveyancing solicitors

  • 1 Personal touch and a wealth of expertise are key benefits that you should look for when selecting conveyancing solicitors. Colsterworth home moves can become a lot more stressful as a result of poor communication between all the parties. The lawyers listed ensure that the lines of communication are open and act on arising issues and developments quickly.
  • 2 Lawyer conveyancing firms have extremely good personal connections with Colsterworth selling agents and work very closely with them and local surveyors so as to ensure transactions proceed expeditiously.
  • 3 Experience means that Colsterworth lawyer have developed very good working relationships with Colsterworth local estate agents, banks, building societies, landlords and house builders enabling them to liaise at speed with all concerned in the process of dealing with your conveyancing in Colsterworth.
  • 4 The Colsterworth conveyancing firms that are listed are committed to supplying value for money, efficient and accessible conveyancing service to borrowers, sellers and investors in Colsterworth
  • 5 The hallmark of our conveyancing solicitors in Colsterworth is quality not quantity. The level of service offered by conveyancing "factories" (sometimes 'recommended' by national chain estate agents) often falls short of the high standards of professionalism you will expect.

Examples of recent conveyancing in Colsterworth since September 2024*

Recently asked questions about conveyancing in Colsterworth

My husband and I are planning to purchase a house in Colsterworth and are in fact using a Colsterworth conveyancing firm. Within the last couple of days our solicitor has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. National Westminster Bank have this morning contacted us to inform me that there is now an issue as our Colsterworth solicitor is not on their conveyancing panel. What do we do from here?

If you are buying a property needing a mortgage it is conventional for the purchasers' lawyers to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Colsterworth solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.

I am the registered owner of a freehold house in Colsterworth yet charged rent, why is this and what is this?

It is rare for properties in Colsterworth and has limited impact for conveyancing in Colsterworth 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 creation of new rentcharges post 1977.

Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.

We are planning to buy with Coventry BS. We have called around locally but am struggling to find a Colsterworth conveyancing firm on the Coventry BS panel. Could you help?

You should make the most of the find a conveyancing panel solicitor tool on this page. Please choose the building society and type Colsterworth or your location and you will be presented with a number of lawyer located in Colsterworth or near you.

A relative suggested that where I am buying in Colsterworth I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is usually quoted for as part of the standard Colsterworth conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Colsterworth around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Colsterworth Education with maps and statistics, Local Amenities and other useful information concerning Colsterworth.

I need to instruct a conveyancing solicitor for freehold conveyancing in Colsterworth. I happened to chance upon a site which seems to have the perfect solution If there is a chance to get all formalities done via web that would be ideal. Should I be concerned? What are the potential pitfalls?

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?

I have instructed a Colsterworth conveyancing solicitor for our home move (FTB’s) and have picked up in the terms and conditions that they are not overseen by the Financial Conduct Authority. Need I be worried or is that usually the case with conveyancer?

We can't see why they should be. Most conveyancer don't lend money. They will be governed by the SRA, who have specific laws in relation to funds deposited on client account.

Last updated

Typically, Colsterworth conveyancing for a purchase has some of the following tasks

  • Property lawyer instructed by the buyer on acceptance of the offer
  • Examining the title to the premises
  • Undertaking Colsterworth property searches for the property
  • Reviewing draft contract pack and other documentation supplied by the vendor’s property lawyer
  • Raising questions with the seller’s property lawyer
  • Negotiating the purchase agreement
  • Reviewing replies supplied by the vendor to pre-contract enquiries
  • Agreeing the wording for the Transfer document
  • Guiding the purchasing in respect of the mortgage offer: (if applicable)
  • Preparing and sending the buyer a report on title (that is; a breakdown of all findings on the property)
  • Carrying out the key stage of exchanging contracts and then preparing for completion
  • Preparing and submitting to HMRC the correct Land Tax forms and payment
  • Dealing with the registration formalities for the transfer of ownership and the home loan (if appropriate) at the HMLR.

Sale in Colsterworth is a complex business, both legally and administratively. The exact order of events varies slightly, below are some of the tasks in the process.

  • Conveyancing practitioner instructed by the vendor on acceptance of the offer
  • Collating the documents evidencing the title to the property
  • Preparing contract and related papers
  • Sending draft papers to the solicitor retained by the buyer
  • Negotiating contracts and answering further enquires from the buyer’s solicitor
  • Finalising the transfer document
  • Replying to requisitions prepared by the purchaser’s solicitor
  • Proceeding to exchange of contracts and then completion formalities
  • Accepting the sale proceeds and sending funds to the seller, the estate agent and paying off the home loan (where relevant)

Transfer of Equity conveyancing in Colsterworth ordinarily involves the following:

  • Obtaining instructions from the appropriate parties
  • Investigating the title to the property
  • Representing mortgage company (where applicable)
  • Negotiating the terms of the transaction
  • Drawing up Transfer or approving the Transfer deed
  • Agreeing amendments to the draft Transfer
  • Corresponding with parties with regards to the Transfer
  • Agreeing and preparing for completion
  • Receiving and releasing monies to the appropriate parties
  • Preparing and submitting to HM Revenue and Customs the appropriate stamp duty forms and payment
  • Dealing with the registration procedures for the transfer of ownership and the home loan (if relevant) at the HMLR.

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.