I am helping my mother sell her flat in Ascot. Does the conveyancer order an energy performance certificate or it is for the seller to coordinate?
Following the demise of Home Packs, energy performance certificates was maintained a required part of moving property. An EPC should be to hand in advance of the property being put on the market. It is not as aspect of the sale process that lawyers ordinarily arrange. If you are using a Ascot conveyancing solicitor they may be willing to arrange EPC’s given their relationships with reputable local providers
Please help - my lawyer says that flying freehold insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Ascot?
The right level of flying freehold indemnity insurance depends on who your lender is. It would differ for example between Halifax and Leeds Building Society. Conveyancing solicitors as opposed to members of the public take out such insurances.
Are all Ascot Conveyancing Quality Solicitors on the Kent Reliance conveyancing list of approved firms?
It is true that some banks and building societies now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.
Should commercial conveyancing searches reveal impending roadworks that could affect a commercial site in Ascot?
Its becoming the norm that commercial conveyancing solicitors in Ascot will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Ascot. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Ascot.
For every commercial conveyancing transaction in Ascot it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Ascot commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Ascot.
Just had an offer accepted on a new build flat in Ascot. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Ascot
-
Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. 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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, chain free conveyancing. Ascot is the location of the property. Can you shed any light on this issue?
Flying freeholds in Ascot are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ascot you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ascot may determine 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.
Is it simple use the search facility to select a conveyancing practitioner in Ascot on the panel for my lender?
Step one is to pick a mortgage company such as Santander, Virgin Money or Barclays Direct then type in your location a common one being Ascot. Conveyancing firms in Ascot and further afield should be listed.
Due to exchange soon on a basement flat in Ascot. Conveyancing solicitors inform me that they will have a report out to me tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Ascot should include some of the following:
-
You must be told what constitutes a Nuisance as far as the lease is concerned Responsibility to repair and maintain the building. It is important for you to know who is liable for the repair and maintenance of every part of the building Additions to the flat Who has the liability for maintaining the window frames Repair and maintenance of the flat
I own a ground floor flat in Ascot, conveyancing was carried out 9 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Ascot with a long lease are worth £186,000. The ground rent is £55 invoiced every year. The lease terminates on 21st October 2079
You have 53 years unexpired we estimate the premium for your lease extension to span between £27,600 and £31,800 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.