My bank has suggested solicitors on their panel based in Ascot but I would rather use a conveyancing lawyer in Ascot round the corner to me. Are you able to help?
Far from all Ascot conveyancing practitioners are on all lender’s conveyancing panel. Please make use of the above search tool to find a Ascot conveyancing conveyancer on the on the bank panel.
I require expedited conveyancing in Ascot as I have pressure to sign on the dotted line in less than 4 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save money and time?
As you are not taking a mortgage you are at liberty not to have searches conducted although no lawyer would recommend that you don't. With plenty of history conveyancing in Ascot the following are instances of what can crop up and therefore affect future saleability: Enforcement Notices, Outstanding Charges, Overdue Grants, Railway Schemes,...
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Ascot is the location of the property. Can you offer any advice?
Flying freeholds in Ascot are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ascot you would need to get your solicitor to go 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 Ascot may ascertain 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 premises.
My husband and I are a fortnight into a freehold purchase having been recommend to solicitors by the high street agent to execute conveyancing in Ascot. I am am extremely frustrated with the quality of service. Could you you assist me in finding new lawyers?
A lawyer would need to be really poor in order to consider changing them. Has the mortgage offer been generated? If so you must advise them of the replacement solicitor and have the mortgage documents are issued to the new lawyers. Your conveyancer needs to be on the banks approved list to avoid escalating costs and frustration. That should be your starting point. The find a solicitor tool should help you find a lender approved lawyer for your home move in Ascot
My wife and I purchased a leasehold house in Ascot. Conveyancing and Bank of Ireland mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Ascot who acted for me is not around. Any advice?
First make enquiries of HMLR to be sure that this person is indeed the new freeholder. You do not need to incur the fees of a Ascot conveyancing lawyer to do this as it can be done on-line for £3. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a 1 bedroom flat in Ascot, conveyancing formalities finalised 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Ascot with over 90 years remaining are worth £197,000. The ground rent is £55 yearly. The lease terminates on 21st October 2081
With only 56 years left to run the likely cost is going to range between £29,500 and £34,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.
I own a leasehold flat in Ascot. Conveyancing was completed in 2009. I have heard that I should not let the lease length get too short. Is this correct?
Ascot leasehold properties are for a prescribed term - usually just under one hundred years when they started. However many flats in Ascot were constructed or converted in the 60’s and so these leases now have under 80 years unexpired. This may seem like plenty of time however Banks, Building Societies and other mortgage institutions on the whole require leases to have at least 75 years left to adequate security. Accordingly when you come to sell the property you will need to extend the term of your lease if you are getting close to eighty years. To enhance the marketability of your property you should be thinking about whether or not to extend your lease well in advance of selling the property. There are also significant benefits to taking action before the lease reaches even 80 years as when the lease is below 80 years the amount to be paid to extend starts to escalate.