We were just about to exchange contracts for a freehold house in Bracknell. We have hit a problem. The loan offer with Aldermore runs out on 13/1/2025 but the vendors are putting forward a completion date of 15/1/2025. Can one extend the mortgage expiry date?
The person best placed to address this issue is your lawyer who is in a position to assess whether they corresponding with the bank, owner’s representatives, selling agents or conceivably all three taking into account the circumstances your transaction as of today.
Do banks and building societies provide you with an approved list of Bracknell conveyancing solicitors? How do you know who is on the TSB conveyancing panel?
Bracknell conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
The deeds to our home are lost. The solicitors who handled the conveyancing in Bracknell 4 years ago have long since closed. What do I do?
Nowadays there are copies made of almost everything, and your conveyancer will know precisely where to look for all the relevant paperwork so you may purchase or dispose of your property without any difficulty. Where duplicates are not available, your lawyer may be able to arrange cover in the form of insurance or indemnities against future claims on the premises.
How does conveyancing in Bracknell differ for newly converted properties?
Most buyers of new build premises in Bracknell contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because builders in Bracknell usually purchase the real estate, 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 used to new build conveyancing in Bracknell or who has acted in the same development.
As co-executor for the estate of my grandfather I am selling a residence in Neath but reside in Bracknell. My conveyancer (approximately 250 miles awayhas requested that I sign a stat dec before completion. Can you recommend a conveyancing practitioner in Bracknell to witness this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are Bracknell based
All being well we will complete our sale of a £375,000 apartment in Bracknell next Friday. The freeholder has quoted £372 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Bracknell?
For the majority of leasehold sales in Bracknell conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Addressing pre-exchange enquiries
Where consent is required before sale in Bracknell
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I own a 2 bed flat in Bracknell, conveyancing was carried out April 2006. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Bracknell with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease expires on 21st October 2076
With just 52 years remaining on your lease we estimate the premium for your lease extension to be between £29,500 and £34,000 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.