I am in need of a property lawyer. Should I go for for a web based conveyancer or a local Easthampstead conveyancing solicitor?
On the whole conveyancing solicitors in your neck of the woods will benefit from strong connections with your local authority, which could help with your Easthampstead conveyancing searches that your conveyancer will inevitably need. It also helps if they have good relationships with the Land Registry in your area Easthampstead, other lawyers in the neighbourhood and Easthampstead Estate Agents.
I am buying a property in Easthampstead. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Barclays be concerned?
Given that you are obtaining a mortgage with Barclays your lawyer must check the conveyancing instructions set out in Section 2 of UK Finance Lenders’ Handbook for Barclays. The Council of Mortgage Lenders’ Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Barclays where a lease fails to satisfy these provisions. The requirements relate to the installation of panels on properties nationwide and is not isolated to Easthampstead.
It is unclear whether my bank requires a lease extension. I have called my Easthampstead building society branch on various occasions and was told it does not affect the mortgage offer and they will lend. My Easthampstead conveyancing solicitor - who is on the lender conveyancing panel- called to say that they would not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
As long as the conveyancer is on the mortgage company panel, they must comply with the CML Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 remaining.
After what seems like an age I have had an offer on an apartment in Easthampstead accepted, the owners do nevertheless have an associated purchase. The vendors have offered on a property, but it’s not been accepted yet, and have viewings of other apartments booked. I have instructed a nearby conveyancing solicitor in Easthampstead. What do I do now? When do I get the mortgage application with Lloyds started?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of one thousand pounds, then survey, Easthampstead conveyancing search charges, etc). First, you must ensure that your property lawyer is on the Lloyds approved list. Regarding the subsequent stages this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. During a buoyant market many home buyers would apply for a home loan with Lloyds and arrange for the valuation and only if it was satisfactory would they request their lawyer to move forward with searches.
My wife and I own a terraced Edwardian property in Easthampstead. Conveyancing practitioner represented me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold under the matching property. Is it worth asking Platform Home Loans Ltd to clarify?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Easthampstead and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing practitioner who conducted the conveyancing.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Easthampstead is where the house is located. What do you suggest?
Flying freeholds in Easthampstead are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Easthampstead you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Easthampstead may decide 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.
What does commercial conveyancing in Easthampstead cover?
Commercial conveyancing in Easthampstead covers a broad range of advice, supplied by qualified solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Helen (my wife) and I may need to rent out our Easthampstead basement flat for a while due to taking a sabbatical. We used a Easthampstead conveyancing firm in 2001 but they have since shut and we did not have the foresight to get any guidance as to whether the lease permits subletting. How do we find out?
A small minority of properties in Easthampstead do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably refuse but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I invested in buying a 2 bed flat in Easthampstead, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Easthampstead with a long lease are worth £192,000. The ground rent is £55 charged once a year. The lease runs out on 21st October 2079
With 54 years unexpired we estimate the premium for your lease extension to span between £32,300 and £37,400 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.