Me and my partner are acquiring a maisonette in Par. My lawyer is not listed on the lender approved panel. Can I still use my Par conveyancing solicitor even though they are excluded from the bank approved list?
You have a couple of options open to you here
- Proceed with your existing Par property lawyer but your mortgage company will undoubtedly appoint a conveyancing practitioner on their approved list. The net result is additional fees together with potential interruption.
- Appoint a fresh property lawyer to conduct the conveyancing, ensuring that they are on the bank conveyancing panel.
- Convince your solicitor to attempt to join the bank panel
We were just about to exchange contracts for a property in Par. We encountered a problem. The loan offer with Godiva Mortgages Ltd expires on 5/3/2026 but the sellers are insisting on a completion date of 9/3/2026. Can one prolong the mortgage expiry date?
The best person to address this concern is your conveyancer who will determine if they should be discussing with the mortgage company, vendor’s lawyers, property agents or possibly all three given the circumstances your conveyancing to date.
Can you explain why leasehold purchase conveyancing in Par costs more?
The conveyancing costs on a leasehold premises in Par is often higher when contrasted to a freehold transaction. This is due to the extra work required in liaising with the landlord and managing agents to obtain information about whether the rent and maintenance fee have been cleared and whether there are any major works due in the near future on repairs or maintenance of the block.
I am purchasing my first flat in Par with a mortgage from Chelsea Building Society. The developers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not to tell my lawyer about the deal as it will impact my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Over the last few months I have been searching for a flat up to £305k and found one near me in Par I like with a park and transport links in the vicinity, the downside is that it's only got 51 years on the lease. There is not much else in Par for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage that many years will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
Please can you recommend a property lawyer for purchasing a bungalow? Ideally someone in the Par area, who will communicate via email - not someone who insists on slow mail or fax.
The purpose of this site is restricted to being a directory service for property lawyers who want to be listed as being on the approved conveyancing panel for Co-operative in certain locations for instance Par . Our intention is not to recommend any specific conveyancer.