Is there a reason to instruct a Ascot conveyancing solicitors firm when national conveyancers are easier on the wallet?
By all means make sure that you contrast conveyancing costs in Ascot and you should seek a reasonable quote but don’t become consumed with scouring the internet for the cheapest Ascot conveyancer. Identifying the right conveyancer can be the distinction between a smooth and a distressing house move. You need to ensure that you have expert guidance from an experienced conveyancer. An e-mail can never replace a phone conversation and are no substitute for a face to face appointment. The firms that we work with will allocate you a qualified and trusted conveyancing solicitor who can handle your conveyancing from from the outset to completion, giving the sort of personalised service that you are unlikely to received from an internet conveyancer. He or She will update you on headway and keep you informed. Should you need to call the firm you will be sure who you need to speak to and they will ensure you are kept fully informed.
We see that you have a post code search directory listing firms on the Clydesdale conveyancing panel. Do companies pay you a commission if I instruct them for our own conveyancing in Ascot?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Ascot.
I am the single recipient of my late mum's estate with all property in now in my sole name, including the house in Ascot. Conveyancing formalities meant that the Land Registry date was in October. I plan to dispose of the house. I do know about the CML 6 month 'rule', which means that my property ownership could be considered the same way as though I had purchased the house in October. Will no one buy the property for half a year?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. Most banks would take a pragmatic view as this clause primarily exists to capture the purchase and immediately sell or the wholesaling and assigning of property.
Two weeks ago we had a mortgage agreed in principle with Nationwide. Ascot conveyancing practitioners have been chosen. How long does it take for Nationwide to send the offer to the solicitor?
Some lenders take longer than others. Have Nationwide conducted the survey? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I can not fathom if my mortgage offer requires a lease extension. I have called into my local Ascot building society branch on numerous occasions and was told they are content with the situation and they will lend. My Ascot conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they refuse to lend in accordance with their specific requirements. Who do I believe?
Your solicitor has to follow the CML Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one close by in Ascot I like with amenity areas and railway links in the vicinity, however it's only got 61 years unexpired on the lease. I can't really find anything else in Ascot in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan that many years will likely be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
I am thinking of appointing a conveyancing solicitor in Ascot for my house move. Is there any facility to check a solicitor's record with the legal regulator?
You may see presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. For details Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training purposes.
Are there common problems that you encounter in leases for Ascot properties?
Leasehold conveyancing in Ascot is not unique. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:
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A provision to repair to or maintain parts of the building
A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Nationwide Building Society, The Royal Bank of Scotland, and Nottingham Building Society all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, forcing the buyer to withdraw.
Leasehold Conveyancing in Ascot - Examples of Questions you should consider Prior to Purchasing
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Please tell me if there are any major works on the horizon that will likely increase the service costs? It is important to be aware if fixing the lift or some other major work is coming up that will be shared amongst the tenants and may well dramatically impact the level of the maintenance costs or result in a specific invoice.