My fiance and I are looking to purchase a property in Coalville and have instructed a Coalville conveyancing practice. Within the last couple of days our property lawyer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Accord Mortgages Ltd have this afternoon contacted us to advise us that there is now an issue as our Coalville lawyer is not on their approved list of lawyers. Please explain?

When purchasing a property with mortgage finance it is conventional for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Coalville solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.

My property lawyer in Coalville has never been on on the Clydesdale Conveyancing Panel. Can I still continue with my family solicitor even though they are not on the Clydesdale panel?

Your options are as follows:

1. Carry on with your existing Coalville lawyers but Clydesdale will need to instruct a conveyancer on their list of acceptable firms. This will inevitably rack up the total legal charges and result in frustration.
2. Find an alternative solicitor to act in the conveyancing, remembering to check they are Convince your lawyer to do everything within their powers to join the Clydesdale conveyancing panel

I am buying a new build flat in Coalville. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Coalville

The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.

I'm remortgaging my current property to a BTL mortgage with Platform Home Loans Ltd and I will use the rest of the raised equity towards another house. The location we are looking at is Coalville. Will your lawyers be able to act for the two lenders and link together the two deals?

Do use our search tool on this page to check that the lawyers are approved by both lenders. Having checked that they are the lawyer should be able to connect the two deals but you should have a chat with you lawyer and specify your expectations and needs.

I am tempted by the attractive purchase price for a two apartments in Coalville both have about forty five years remaining on the leases. Do I need to be concerned?

A lease is a right to use the premises for a period of time. As the lease shortens the saleability of the lease reduces and it becomes more costly to acquire a lease extension. This is why it is generally wise to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you get professional help from a solicitor and surveyor with experience in this area.

Leasehold Conveyancing in Coalville - Examples of Queries Prior to buying

Are any of leasehold owners in arrears of their service charge liability? You should want to discover as much as possible about the managing agents as they can either make life much simpler or problematic. As the proprietor of a leasehold property you are frequently at the mercy of the managing agents from a financial perspective and when it comes to daily matters like the upkeep of the common parts. Don't be afraid to ask other people what they think of them. Finally, be sure you understand the dates that the service charges are due to the appropriate party and specifically what it includes.