Why is leasehold purchase conveyancing in Rishton is more expensive?
Rishton leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
We previously selected conveyancing lawyers locally in Rishton on the Clydesdale solicitor panel. They are now charging me a further sum for handling the Clydesdale mortgage. Is this an additional conveyancing fee set by Clydesdale?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitor is entitled to charge a fee for this. This fee is not set by Clydesdale but by your Rishton solicitor. Plenty of firms on the Clydesdale panel will levy an ‘acting for lender’ fee and others do not.
I have a mortgage with Aldermore for my property in Rishton. Conveyancing has been completed months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Aldermore?
Your original mortgage agreement with Aldermore will provide that you need their approval prior to renting your property as this is likely to be a breach of Aldermore’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Aldermore directly. You need not do this via a Aldermore conveyancing panel lawyer.
I had an offer accepted on a house in Rishton on 8/12/2025, valuation was booked 3 days after, all came back fine. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to TSB and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the TSB conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one close by in Rishton I like with open areas and railway links in the vicinity, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Rishton suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan the remaining unexpired lease term may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
What tools are available to search for a Rishton law firm on the Leeds Building Society conveyancing panel? I have wheels and am willing to travel upto 20miles to meet the solicitor.
You can use the tool on this website. Please select a bank and your location and you will see a number of Rishton conveyancing lawyers based on proximity. We have listed some Rishton conveyancing firms towards the end of this page and you can telephone them to verify whether they are on the Leeds Building Society member panel
My step-father has recommend that I use his lawyers for conveyancing in Rishton. Should I use them?
No doubt it’s preferable to select a conveyancing lawyer is to seek referrals from friends or relatives who have actually used the conveyancer that you are contemplating using.