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Find a Chippenham Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Chippenham? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Chippenham home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Chippenham conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Chippenham

I am nearing an exchange on a house in Chippenham and my mum and dad have transferred the exchange deposit to my lawyer. I am now informed that as the deposit has not arrived from me my lawyer needs to make a notification to my mortgage company. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?

Your property lawyer is duty bound to check with mortgage company to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.

Why do I have to pay up front for conveyancing in Chippenham?

Where you are retaining lawyers for conveyancing in Chippenham your solicitor will ask you to provide them with funds to cover the search fees. Normally this is requested to cover the fees of the Local Authority Search. When the deposit is as part of the sale price then this should be required shortly prior to contracts are exchanged. The closing balance that is needed will be payable shortly before completion.

We're in Chippenham, First time buyers buying with a mortgage (lender is HSBC , and our solicitor is on the HSBC conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

My business partner and I are looking to take an assignment of a lease of a shop on a shopping parade. Can you recommend solicitors offering no-move-no fees for commercial conveyancing in Chippenham for under £1,200?

We can recommend firms who host a wealth of experience of commercial conveyancing in Chippenham, including the disposal and acquisition of businesses as well as simply premises. If you are intending to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will find you the right firm. Regarding the costs this will depend on the structure and terms of the deal. Let us have your details or phone so as to enable us to supply you with a detailed commercial conveyancing calculation.

We own a leasehold flat in Chippenham. Conveyancing was finished in last year. I have read on a number of advice forums that I should not allow the the remaining lease term to get too low. Is this correct?

Chippenham leasehold properties are for a prescribed term - usually just under one hundred years when they started. However a significant flats in Chippenham were constructed or converted in the 70’s80’s and so such leases now have under eighty years unexpired. That may sound like plenty of time but Banks, Building Societies and other mortgage companies tend to require leases to have a minimum of 75 years left to be mortgageable. This means that when you come to sell the property you will need to extend the term of your lease if you are nearing 75 years. To optimize your property value you should be considering whether to extend your lease well in advance of selling the property. You should note that there are advantages to taking action before the lease hits 80 years as when the lease falls below eighty years the amount you have to pay to extend starts to get a lot more expensive.

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