I have been advised by my conveyancer that breach of easement insurance is necessary on my purchase. What is the level of cover for Daventry conveyancing?
The appropriate level of breach of easement indemnity insurance depends on your lender. It would differ for example between Accord Mortgages Ltd and Skipton Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.
We have agreed to purchase a house in Daventry. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Clydesdale be concerned?
As you are obtaining a mortgage with Clydesdale your lawyer must check the conveyancing instructions contained in Part two of UK Finance Lenders’ Handbook for Clydesdale. The Council of Mortgage Lenders’ Handbook stipulates minimum conditions for solar panel roof-space leases, and lawyers are required to report to Clydesdale where a lease does not meet these requirements. The specifications relate to the installation of panels on properties in England and Wales and is not restricted to Daventry.
My offer was accepted on a house in Daventry on 24/4/2025, valuation was booked five days after, all came back fine. Conveyancer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Virgin Money and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Virgin Money conveyancing panel. Are Virgin Money entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
I got the keys to my apartment on 6 July and my personal details is yet to be registered. Any reason for this? My conveyancing solicitor in Daventry advises it will be recorded inside ten days. Are properties in Daventry particularly slow to register?
As far as conveyancing in Daventry is concerned, registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timescales can vary depending on the party submitting the application, whether it is in order and whether the Land registry have to notify any 3rd persons or bodies. At present in the region of 80% of such applications are fully addressed within two weeks but some can be subject to extensive delays. Registration takes place once the new owner has moved in to the property thus an expedited registration is not usually top priority but where there is a degree of urgency associated with the registration then you or your lawyers can communicate with the Registry to express the reasoning for the application to be prioritised.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Daventry. Conveyancing is necessary evil 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 legal work.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Daventry
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There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I decided to have a survey completed on a property in Daventry ahead of appointing solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies will refuse to issue a mortgage on such a house.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Daventry. Conveyancing will be smoother if you use a solicitor in Daventry especially if they are accustomed to such properties in Daventry.
What makes a Daventry lease unacceptable for security purposes?
Leasehold conveyancing in Daventry is not unique. Most leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain clauses are missing. The following missing provisions could result in a defective lease:
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Repairing obligations to or maintain elements of the premises Service charge per centages that don't add up correctly leaving a shortfall
A defective lease can cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Leeds Building Society, and TSB all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, obliging the purchaser to withdraw.
I own a split level flat in Daventry, conveyancing formalities finalised 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Daventry with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease runs out on 21st October 2088
With only 63 years unexpired we estimate the premium for your lease extension to range between £16,200 and £18,600 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.
Searching for a conveyancing solicitor in Daventry. I did have one sorted but he's not on the panel for TSB. It would appear that nowadays most banks only allow lawyers on their panel. Very frustrating restricting the choice for the paying public. Is it possible for you to recommend a trustworthy Daventry conveyancer that would help us as well as represent TSB?
The purpose of this site is restricted to being a directory service for solicitors who want to be listed as being on the approved conveyancing panel for TSB in certain locations for instance Daventry . Our intention is not to recommend any particular solicitor.