Find a Lender-Approved Local Conveyancer in Cowes

Ready to buy a new home? Find a law firm approved by your lender.

FACT : Cowes Conveyancing Solicitors Know more about Conveyancing in Cowes

Reasons to use our Cowes conveyancing solicitors

  • 1 Solicitors accustomed to conveyancing in Cowes have a grasp oflocal concerns specific to Cowes and therefore you may benefit from better advice and speedier conveyancing.
  • 2 The firms shown on our web pages have a mix of conveyancing lawyers, legal executives and support staff handling over one hundred thousand cases each year.
  • 3 Cowes conveyancers work in partnership with Cowes estate agents, house builders, surveyors, mortgage companies and other professionals to make sure that a quality service is offered to buyers and sellers every step of the way, helping make the process as straightforward as possible
  • 4 The hallmark of our conveyancing solicitors in Cowes is quality not quantity. The level of service offered by conveyancing "factories" (sometimes 'recommended' by national chain estate agents) often falls short of the level of professionalism you will expect.
  • 5 The Cowes conveyancing firms that are identified are dedicated to providing value for money, efficient and transparent conveyancing service to borrowers, sellers and remortgagors in Cowes

Examples of recent conveyancing in Cowes since August 2023*

Transfer

of apartment Bath Road PO31 7RH, at sale amount of £92,000. Leasehold conveyancing included: dealing with appropriate requisitions and enquiries, sending the transfer to the seller for signature in preparation for completion, taking formal instructions from and updating the seller client

Purchase

of apartment Park Road PO31 7LU, sold for £80,000. Leasehold conveyancing legalities included: dealing with appropriate requisitions and enquiries, agreeing completion date with parties, setting up the completion formalities

Acquisition

of apartment Trent Mews PO31 7QE, purchased for £135,000. Leasehold conveyancing work included: drafting the sale agreement and Transfer, taking formal instructions from and updating the seller client, obtaining official copies of the title

Transfer

of flat Castle Street PO32 6GG, at sale sum of £247,500. Leasehold conveyancing included: drafting the sale agreement and Transfer, dealing with appropriate requisitions and enquiries, agreeing completion date with parties

Recently asked questions about conveyancing in Cowes

My fiancee and I are purchasing our first home. The conveyancer has messagedto check if we would like to take out extra conveyancing searches. We are really unsure what's needed for conveyancing in Cowes

The range of Cowes conveyancing searches depends entirely on the premises, the location, the likelihood of any of these risks, your familiarity of the region and risks, your overall appetite to risk. What is important is that you properly appreciate what information the searches could give you. Then you can make a decision if you consider that you need that information. Should you be in doubt, ask your lawyer to offer guidance.

I am being advised by my solicitor that lack of planning permission insurance is necessary on my purchase. What is the level of cover for Cowes conveyancing?

The right level of lack of planning permission indemnity insurance depends on who your lender is. It would differ for example between Birmingham Midshires and Leeds Building Society. Conveyancing solicitors as opposed to borrowers take out such insurances.

is it true that all Cowes solicitors on the Nationwide conveyancing panel are overseen by the Solicitors Regulatory Authority?

As a firm of solicitors, in order to be on the Nationwide approved list of solicitors they would need to be regulated by the SRA. Many mortgage companies do permit licenced conveyancers on their panel in which case such practice would be regulated by the Council of Licensed Conveyancers.

I am purchasing a property in Cowes. One unusual aspect is that the roof has a solar panel. Leeds Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

As you are obtaining a mortgage with Leeds Building Society your lawyer must follow the conveyancing instructions contained in Part 2 of UK Finance Lenders’ Handbook for Leeds Building Society. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and property lawyers are required to report to Leeds Building Society where a lease fails to meet these requirements. The conditions relate to the installation of panels on properties countrywide and is not limited to Cowes.

Are there restrictive covenants that are commonly picked up during conveyancing in Cowes?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Cowes. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

The estate agent has sent us the confirmation of our purchase of a new build apartment in Cowes. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

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

    Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

I decided to have a survey carried out on a property in Cowes ahead of instructing lawyers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies will not give a mortgage on this type of home.

It varies from the lender to lender. Santander has different instructions for example to Nationwide. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cowes. Conveyancing will be smoother if you use a solicitor in Cowes especially if they are familiar with such properties in Cowes.

Estate agents have just been given the go-ahead to market my garden apartment in Cowes. Conveyancing is yet to be initiated, but I have just received a quarterly service charge demand – should I leave it to the buyer to sort out?

It best that you pay the service charge as you normally would because all rents and maintenance invoices will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

I purchased a ground floor flat in Cowes, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Cowes with a long lease are worth £180,000. The ground rent is £65 charged once a year. The lease runs out on 21st October 2081

With 58 years left to run we estimate the premium for your lease extension to span between £22,800 and £26,400 plus costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.

Last updated

Commercial Conveyancing solicitors in Cowes regulated by the SRA

The firms listed below are a small selection of solicitors in Cowes specialising in commercial conveyancing in Cowes. This should include advice on buying and selling small and large scale commercial property and agricultural land
  • Diana Deacon Limited, 36 Castle Road, Cowes, Isle of Wight, PO31 7QZ
  • Glanvilles Llp, The Courtyard, St Cross Business Park, Monks Brook, Newport, Isle of Wight, PO30 5BF
  • Roach Pittis, 60-66 Lugley Street, Newport, Isle of Wight, PO30 5EU
  • Jerome & Co Solicitors Limited, 98 High Street, Newport, Isle of Wight, PO30 1BD
  • Wheelers Solicitors Limited, 69a High Street, Newport, Isle of Wight, PO30 1BA

Residential Licensed Conveyancers in Cowes regulated by the CLC

Please be aware that the listed conveyancers do not limit their work for conveyancing in Cowes but also conveyancing across England and Wales.
  • Solent Property Lawyers Limited, First Floor 118-120 High Street, PO13 9DB

Planning law solicitors in Cowes regulated by the Solicitors Regulation Authority

The list below is a small selection of solicitors in Cowes practicing in planning law. This should include advice on compulsory purchases in Cowes
  • Diana Deacon Limited, 36 Castle Road, Cowes, Isle of Wight, PO31 7QZ

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.