I had intended to instruct a property lawyer in Red Lodge for our house purchase. Our broker has since notified us that our mortgage lenders Yorkshire Building Society won't deal with them. Surely this is unduly restrictive?

A decade ago most lenders had an appetite for risk which was higher than today. Almost all Red Lodge conveyancing firms would have been on most mortgage company panels. The FSA in 2010 carried out a thematic investigation into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more information from law firms relating to their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum number of transactions. Many Red Lodge conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Red Lodge is amongst the numerous locations where the lawyers we recommend are are approved Yorkshire Building Society.

Do I need to take out insurance to cover chancel repairs when buying a residence in Red Lodge?

Unless a previous purchase of the house completed post 12 October 2013 you can take it that solicitors conducting conveyancing in Red Lodge to continue to suggest a chancel search and or insurance against a claim.

I'm converting the mortgage on my existing home to a buy to let loan with Skipton Building Society and I will use the rest of the raised equity as a deposit on further house. The neighborhood we are interested in is Red Lodge. Will your solicitors be able to act for both sets of mortgage companies and link together the two deals?

Do use our comparison tool on this site to check that the conveyancers are on the relevant lender panels. On the basis that they are the lawyer will be able to tie up the two deals but you should talk with you lawyer and make clear your expectations and needs.

I today plan to offer on a house that seems to be perfect, at a great figure which is making it all the more appealing. I have since been informed that the title is leasehold as opposed to freehold. I am assuming that there are issues purchasing a house with a leasehold title in Red Lodge. Conveyancing solicitors have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Red Lodge ?

Most houses in Red Lodge are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. It is clear that you are buying in Red Lodge in which case you should be looking for a Red Lodge conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’spermission to carry out changes to the property. You may also be required to pay a contribution towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer should appraise you on the various issues.

Leasehold Conveyancing in Red Lodge - Examples of Queries before buying

The answer will be helpful as a) areas can cause problems for the building as the communal areas may start to deteriorate if services are not paid for b) if the leasehold owners have an issue with the managing agents you will need to have all the details How much is the ground rent and service charge? What is the name of the managing agents?

Why is New Build conveyancing in Red Lodge more costly?

Buying a brand new property is completely different from the standard house buying conveyancing in Red Lodge. Firstly housebuilders ordinarily insist contracts to exchange very quickly, so there is a lot of pressure on your conveyancing practitioner to make sure everything is in order. In addition new build conveyancing often involve the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Mortgage company obligations are also more detailed. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.