My husband and I are purchasing a leasehold flat in Englefield Green. My Solicitor is not on the mortgage company solicitor list. Can I still continue with my Englefield Green conveyancing solicitor even though they are excluded from the lender list of approved lawyers?
Your options include
- Complete the deal with your existing Englefield Green property lawyer but your lender will undoubtedly appoint a solicitor on their approved panel. This will result in additional fees and likely delay.
- Appoint a new property lawyer to act in the purchase, making sure they are on the bank conveyancing panel.
- Convince your solicitor to do everything possible to join the bank’s conveyancing panel
We are downsizing from our property in Englefield Green and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street Englefield Green lawyer would know that there is no such problem. It does beg the question why the buyers are using a web based conveyancing firm rather than a conveyancing solicitor in Englefield Green. Having lived in Englefield Green for 5 years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing lawyer already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
How does conveyancing in Englefield Green differ for new build properties?
Most buyers of new build property in Englefield Green approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Englefield Green tend to 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 used to new build conveyancing in Englefield Green or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Englefield Green is where the house is located. Can you shed any light on this issue?
Flying freeholds in Englefield Green are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Englefield Green you must be sure that your lawyer goes 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 Englefield Green 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.
I have been recommended by a number of selling agents in Englefield Green to get a quote from a conveyancer on your site. Is there a financial upside for Estate Agents to market your lawyers over and above a competitor’s?
We don’t offer any referral fee for directing people our way. We thought it would be too underhand to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I today plan to offer on a house that appears to be perfect, at a reasonable figure which is making it more attractive. I have since been informed that the title is leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Englefield Green. Conveyancing lawyers have not yet been appointed. Will they explain the issues?
The majority of houses in Englefield Green are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Englefield Green so you should seriously consider looking for a Englefield Green conveyancing solicitor and be sure that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’spermission to carry out alterations. It may be necessary to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your conveyancer will appraise you on the various issues.
Englefield Green Leasehold Conveyancing - Examples of Questions you should ask before Purchasing
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What restrictions are there in the Englefield Green Lease? Be sure to discover if the the lease contains any unreasonable restrictions in the lease. For example some leases prohibit pets being allowed in in a block in Englefield Green. If you like the apartmentin Englefield Green however your dog is not allowed to make the move with you then you will be faced difficult decision. You will want to discover as much as possible concerning the company managing the building as they will either make your living at the property much simpler or a lot more difficult. As the proprietor of a leasehold property you are often at the mercy of the managing agents from a financial perspective and when it comes to practical matters like the tidiness of the communal areas. Ask prospective neighbours what they think of their service. Finally, investigate as to the dates that you are obliged pay the maintenance charge to the relevant party and specifically what you get for your money.