I have given 8 weeks notice to my existing landlord and have to be out of my rented property in Ascot by 22/5/2025. Conveyancing on my purchase has just started. Is it possible to complete in six weeks as don't want to have to move into temporary accommodation?
The normal practice is not to serve notice for your lease unless your lawyer suggests that you should. Assuming that you have not previously done so, contact to your solicitor and urge them to they cajole the owners lawyers, try to an agreed time frame that everyone will aim towards
We are planning to acquire a house and require a conveyancing solicitor in Ascot who is on the Virgin Money solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in Ascot.
We are hoping to buy a 1 bedroom flat in Ascot with a homeloan from Leeds Building Society.We like our Ascot conveyancing practitioner but Leeds Building Society says her practice is not on their approved list of member firms. It seems we are left with no choice but to instruct a Leeds Building Society panel lawyer or retain our high street solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The loan offered to you contains terms and conditions, a common one being that lawyers needs to be on the Leeds Building Society approved list. Until recently, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Leeds Building Society
How does conveyancing in Ascot differ for newly converted properties?
Most buyers of new build residence in Ascot come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is completed. This is because developers in Ascot usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Ascot or who has acted in the same development.
My company is hoping to take an assignment of a lease of a shop on the high street. Can you recommend lawyers offering competitive fees for non-domestic conveyancing in Ascot for below 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Ascot, including the disposal and acquisition of businesses as well as simply premises. If you are intending to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right firm. As for the fees this will depend on the structure and nuances of the deal. Please provide us with your details or telephone us so that we may provide you with a detailed commercial conveyancing calculation.
When it comes to leasehold conveyancing in Ascot what are the most common lease problems?
Leasehold conveyancing in Ascot is not unique. All leases are drafted differently and drafting errors can sometimes mean that certain clauses are wrong. The following missing provisions could result in a defective lease:
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A provision to repair to or maintain elements of the building
A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Skipton Building Society, and Godiva Mortgages Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, forcing the purchaser to withdraw.
Leasehold Conveyancing in Ascot - A selection of Queries before buying
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How much is the service charge and ground rent on the property? Its a good idea to find out as much as possible about the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you are often at the mercy of the managing agents from a financial perspective and when it comes to daily issues like the upkeep of the common parts. You should not be shy to ask other tenants if they are happy with them. In conclusion, be sure you know the dates that the service charges are due to the managing agents and precisely what you get for your money. It is important to be aware if changing the roof or some other major work is due in the foreseeable future that will be shared amongst the leaseholders and will dramatically impact the level of the service charges or require a specific invoice.