lenderpanel

Find a Padstow Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Padstow

Can you explain why leasehold purchase conveyancing in Padstow costs more?

The conveyancing charges on a leasehold premises in Padstow is inevitably greater than on a freehold residence. This is because there is an amount of supplemental work necessary in liaising with the landlord and managing agents to collate the information about whether the rent and maintenance charges have been cleared and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the building.

We are buying a flat in Padstow. It might be a silly question but how we can trust a lawyer? At some point we will need to put money into their account. What protection do we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

We are getting a further advance on our mortgage from Principality as we want to carry out improvements to our house in Padstow. Do we need to select a local Padstow solicitor on the Principality conveyancing panel to handle the legals?

Principality do not ordinarily instruct firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Principality conveyancing panel.

Coventry BS have agreed my mortgage in principle, my offer on a apartment in Padstow has been agreed to, what happens next?

The property agent will wish to be informed of your solicitor's details (be sure the conveyancers are on the bank’s panel). Contact Coventry BS or the broker and finalise any relevant forms. Coventry BS will appoint a valuer who will get in contact with the estate agent or vendor to book a slot for the valuation to happen. Once conducted (assuming no problems) it takes about ten days to get a mortgage offer. Coventry BS will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Padstow.

How does conveyancing in Padstow differ for newly converted properties?

Most buyers of new build premises in Padstow contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Padstow typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Padstow or who has acted in the same development.

In what way does the Landlord & Tenant Act 1954 affect my commercial offices in Padstow and how can your lawyers assist?

The 1954 Act affords a safeguard to business tenants, granting the right to make a request to court for a new tenancy and remain in occupation at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Padstow

I am intending to let out my leasehold flat in Padstow. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?

Even though your last Padstow conveyancing lawyer is no longer available you can check your lease to see if it allows you to sublet the apartment. The rule is that if the lease is non-specific, subletting is permitted. There may be a precondition that you need to obtain permission from your landlord or other appropriate person in advance of subletting. This means that you cannot sublet in the absence of first obtaining permission. Such consent is not allowed to be unreasonably turned down. If the lease does not allow you to sublet you will need to ask your landlord for their consent.

Padstow Leasehold Conveyancing - Sample of Queries before buying

    How long is the Lease? Make sure you find out if there are any onerous prohibitions in the lease. For example it is very common in Padstow leases that pets are not allowed in certain buildings in Padstow. If you love the flatin Padstow but your dog is not allowed to live with you then you have a very hard choice. Best to be warned whether redecorating or some other major work is due in the foreseeable future that will be shared between the leaseholders and will materially increase the the service charges or require a specific payment.

Last updated

Neighbouring Locations

Port Isaac
Padstow
Wadebridge
Newquay
St Columb

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