lenderpanel

Find a Chipping Norton Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Chipping Norton

I am about to put a bid on a leasehold property in Chipping Norton. The selling agents tell me that it is normal for flats in Chipping Norton to have less than 75 years unexpired on the lease. I am expecting a mortgage with Virgin. Will the property be mortgageable given that the lease has 69 years remaining.

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. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 17/11/2024 the requirements read as follows :

85 years at the time of completion. If it's less, we require it to be extended on or before completion.

My bid for a property was accepted at auction in Chipping Norton. Conveyancing is necessary. What are my next steps?

Given that you are now legally bound yourself to purchase you should find a conveyancing lawyer quickly as you now have a fast approaching a drop dead date to complete the transaction. Every auction property will ordinarily have a corresponding legal set of papers. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the conveyancing pack may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You should pass this on to the conveyancer instructed by you at the earliest opportunity. You also need to ensure that that you have the requisite funding in place to complete on the date specified in the contract.

I'm the only beneficiary of my late father’s will with all property in now in my sole name, including the my former home in Chipping Norton. Conveyancing formalities meant that the Land Registry date was in October. I want to move. I do know about the CML 6 month 'rule', which means that my property ownership could be treated the same way as though I had purchased the property in October. Do I have to wait 6 months to sell?

The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. How sensible a view mortgage companies take of it, depend on the lender as this requirement primarily exists to pick up on subsales or the flipping of property.

is it true that all Chipping Norton solicitors on the Santander conveyancing panel are overseen by the Solicitors Regulatory Authority?

As solicitors, in order to be on the Santander approved list of solicitors they would need to be governed by the SRA. Many lenders do permit licenced conveyancers on their panel in which case such organisation would be regulated by the Council of Licensed Conveyancers.

I am looking to sell my house. My former solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Chipping Norton if that makes a difference.

Do use our search tool to help you find a solicitor for your conveyancing in Chipping Norton. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.

I need to retain a conveyancing solicitor for some conveyancing in Chipping Norton. I happened to discover a web site which appears to be the ideal answer If it is possible to get all the legals done via phone that would be preferable. 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?

Having had my offer accepted I require leasehold conveyancing in Chipping Norton. Before I set the wheels in motion I want to be sure as to the remaining lease term.

If the lease is registered - and 99.9% are in Chipping Norton - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Leasehold Conveyancing in Chipping Norton - Examples of Questions you should ask Prior to Purchasing

    What is the length of the lease? How much is the service charge and ground rent on the flat? Most Chipping Norton leasehold flats will incur a service bill for the upkeep of the building invoiced on behalf of the management company. If you purchase the flat you will have to pay this charge, normally periodically during the year. This may vary from a few hundred pounds to thousands of pounds for bigger purpose-built blocks. In all likelihood there will be a rentcharge for you to pay yearly, this is usually not a large sum, say approximately £50-£100 but you should to check as occasionally it could be surprisingly expensive.

Last updated

Find out more about how flying freehold can affect your the value of a property.