My conveyancer has identified a a problem with the lease for the property we are purchasing in Frizington. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our conveyancer says that he must ensure that the mortgage company is willing to move forward with this solution. Who is the client here, us or the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. Your property lawyer must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
Is there a reason why leasehold purchase conveyancing in Frizington is more expensive?
Frizington leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
We just had an offer accepted to buy with Norwich and Peterborough Building Society. I went into a couple of local firms yet cant to find a Frizington conveyancing firm on the Norwich and Peterborough Building Society approved list. Could you assist?
Feel free to take advantage of the search tool on this page. Pick the lender and type Frizington or your preferred area and you will see a number of lawyer based in Frizington or near you.
We are buying a house in Frizington. It might be a silly question but how we can trust a lawyer? At some point we will need to deposit funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My offer was accepted on a house in Frizington on 15/8/2025, valuation was booked five days after, all came back fine. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Santander and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Santander conveyancing panel. Are Santander entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
Skipton have agreed my mortgage in principle, my offer on a apartment in Frizington has been accepted, now what?
Your estate agent will wish to know who your solicitors are (be sure the lawyers are on the bank’s approved list). Call up Skipton or your financial adviser and complete any relevant paperwork. Skipton will sellect a valuer who will get in contact with the selling agent or seller to book an appointment. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Skipton will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Frizington.
Due to the encouragement of my in-laws I had a survey completed on a house in Frizington prior to retaining solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies will not give a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Frizington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Frizington to see if the conveyancing will be more expensive.
I’m about to sell my ground floor flat in Frizington. Conveyancing lawyers have not yet been instructed, however I have recently received a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?
It best that you clear the maintenance contribution as usual given that all rents and maintenance payments will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I invested in buying a leasehold flat in Frizington, conveyancing formalities finalised in 2007. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Frizington with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 per annum. The lease ceases on 21st October 2101
You have 76 years remaining on your lease we estimate the price of your lease extension to range between £8,600 and £9,800 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.