Do banks and building societies provide you with an approved list of Coleford conveyancing solicitors? How do you know who is on the Aldermore conveyancing panel?
Coleford conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Coleford. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 8/2/2026, the requirements read as follows :
I need some quick conveyancing in Coleford as I am faced with an ultimatum to sign on the dotted line within one month. Thankfully I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
As you are are a cash purchaser you have the choice not to do searches although no law firm would advise that you don't. Drawing on our experience of conveyancing in Coleford the following are examples of what can arise and therefore affect future mortgageability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Railway Schemes,...
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Coleford is where the house is located. Can you shed any light on this issue?
Flying freeholds in Coleford are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Coleford you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Coleford may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am tempted by the attractive purchase price for a couple of apartments in Coleford which have in the region of forty five years unexpired on the leases. Should I regard a short lease as a deal breaker?
There is no doubt about it. A leasehold apartment in Coleford is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it reduces the value of the premises. For most purchasers and banks, leases with under 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Coleford conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Coleford Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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How many of the leaseholders are in arrears for their service charge payments? It would be wise to discover if there are any onerous prohibitions in the lease. For example it is very common in Coleford leases that pets are not allowed in in a block in Coleford. If you like the propertyin Coleford yet your dog can’t live with you then you will be faced hard decision. For many Coleford leaseholds the outlay for major works tend not to be included within service charges, although there some managing agents in Coleford ask leaseholders to contribute towards a reserve fund and this is used to offset against major repairs or maintenance.
Our conveyancing solicitor in Coleford has informed me that he requires personal identification documents saying that this forms part of his retainer as a conveyancer on the bank Conveyancing panel. Is this right?
Anti-terror and anti-money-laundering rules require Coleford conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the lender's UK Finance Lenders’ Handbook requirements