I am buying a leasehold flat in Lound. My lawyer has never been on on the lender solicitor panel. Am I still permitted to use my Lound conveyancing solicitor even though they are not on the mortgage company list of approved lawyers?
Various options include
- Proceed with your preferred Lound property lawyer but your bank will need to use a lawyer on their conveyancing panel. The net result is additional cost and potential interruption.
- Appoint a fresh property lawyer to conduct the conveyancing, ensuring that they are on the mortgage company conveyancing panel.
- Convince your solicitor to attempt to join the mortgage company panel
Will my conveyancing lawyers need to check that the building insurance when buying a house in Lound. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 4/3/2025, the requirements read as follows :
What is the difference between a licensed conveyancer and conveyancing solicitor in Lound
There are two types of lawyers who can conduct conveyancing in Lound namely CLC regulated conveyancers or solicitors. The two can provide the legal services that you need to complete the sale or acquisition of property. They are both obliged to handle Lound conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be properly conducted and that the necessary procedures should be correctly followed.
When it comes to lenders such as Coventry BS, do Lound lawyers incur an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
My wife and I are in the process of looking at apartments in Lound and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a mortgage with Coventry BS.
It would be advisable to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are seeking a mortgage with Coventry BS, make sure you remember to check that your lawyer is on the Coventry BS conveyancing panel.
I am looking for a ground for flat up to £235,500 and identified one close by in Lound I like with a park and station nearby, however it's only got 52 years on the lease. There is not much else in Lound in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage that many years may be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
Are there any apps to help locate a Lound law firm on the Britannia conveyancing panel? I drive a motor bike and am prepared to travel upto 10miles to meet the lawyer.
Feel free to make use of the facility on this website. Please pick a bank and your location and you will see a number of Lound conveyancing lawyers located nearest you. We have listed some Lound conveyancing firms towards the end of this page and you can telephone them to see whether they are on the Britannia approved list
I have just started marketing my basement apartment in Lound. Conveyancing lawyers have not yet been instructed, however I have recently received a half-yearly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as usual as all ground rent and maintenance invoices should be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless 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 basement flat in Lound, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Equivalent properties in Lound with over 90 years remaining are worth £206,000. The ground rent is £45 per annum. The lease ceases on 21st October 2091
With only 66 years left to run we estimate the premium for your lease extension to be between £12,400 and £14,200 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.