Me and my partner are acquiring residence in Keynsham. My property lawyer is not listed on the bank conveyancing panel. Can I still appoint my Keynsham conveyancing solicitor notwithstanding that they are not on the bank approved list?
You have a number of options open to you here
- Carry on with your preferred Keynsham lawyer but your mortgage company will need to retain a lawyer on their approved list. The net result is additional fees and potential delay.
- Get a new conveyancing practitioner to act in the purchase, ensuring that they are on the mortgage company conveyancing panel.
- Convince your property lawyer to seek to join the bank panel
I am about to put a bid on a leasehold apartment in Keynsham. The property agents assure me that it is usual for flats in Keynsham to have less than 75 years remaining. I am expecting a mortgage with Chelsea Building Society. Will the property be mortgageable given that the lease has 72 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 14/1/2026 the requirements read as follows :
I'm purchasing my first flat in Keynsham with a loan from Virgin Money. The sellers would not move on the amount so I negotiated £7000 of additionals instead. The property agent suggested that I not to tell my lawyer about this deal as it would adversely affect my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a ground for flat up to £235,500 and found one close by in Keynsham I like with amenity areas and railway links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Keynsham in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan the shortness of the lease will likely be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I need to instruct a conveyancing solicitor for residential conveyancing in Keynsham. I've chance upon a web site which appears to be the perfect solution If there is a chance to get all the legals completed via phone that would be ideal. Do I need to be wary? 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 purchased a house in Keynsham last 15/10/2024 and to date it is still not registered with HMLR. It is part of a new estate and my conveyancer told me that it can take one year to complete the registration formalities. I have contacted HMLR directly and they have informed me the initial application was cancelled due to failure to reply to requisitions. What can I do?
It is your conveyancing practitioner that you must get in touch with in order to satisfy any questions which have arisen as part of the registration formalities for your Keynsham property. Normal Keynsham conveyancing practice includes an undertaking on the part of the seller's lawyer that they will help resolve any requisition raised by HMLR so it may be a case of taking action to enforce that undertaking if necessary.