I plan on purchasing residence in Farnham Royal. My lawyer has never been on on the bank approved panel. Am I still permitted to use my Farnham Royal conveyancing solicitor even though they are not on the bank list of approved lawyers?
One will need to use a conveyancing practitioner to deal with the legal work required if you need a mortgage to purchase your home. The property lawyer will carry out all the appropriate due diligence on the property, make sure that you’re registered as proprietor and ensure that all the necessary mortgage documentation is in order. One could instruct a Farnham Royal property lawyer of your choice. Nevertheless, if the property lawyer appointed is not a member of the lender solicitor panel supplemental charges will be levied as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so if your lawyer has not in the past applied for membership they should take the chance to apply.
I have just over seventy years unexpired on my lease and need a lease extension for my apartment in Farnham Royal. Conveyancing solicitors on the Bank of Ireland panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 24/4/2025 the requirements read as follows :
I just acquired a flat at auction in Farnham Royal. Conveyancing is required. What is next?
Now that you are to all intents and purposes signed on the dotted line you will need to retain a conveyancing practitioner soon as you now have a pending a drop dead date to complete the conveyancing. All auction property will ordinarily have a bespoke legal pack. This will likely include most,if not all of the documents that your solicitor will need. Where you are dealing with leasehold property the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You should hand this to the conveyancer working for you as soon as possible. You also need to ensure that your finances are organised to complete on the on the contractual date .
My conveyancer has informed me that chancel insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Farnham Royal?
The right level of chancel indemnity insurance depends on who your lender is. It would differ for example between HSBC Bank and The Royal Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such insurances.
Can you point me to a directory of RBS panel conveyancers in Farnham Royal on the Building Society Association’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few banks make their panel listings visible online. If you are in need of a Farnham Royal conveyancing practitioner on the RBS please make the most of our facility.
A friend recommended that if I am buying in Farnham Royal I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Farnham Royal conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Farnham Royal around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Farnham Royal.
About to purchase a new build flat in Farnham Royal. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Farnham Royal
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
My husband and I may need to let out our Farnham Royal basement flat for a while due to a career opportunity. We instructed a Farnham Royal conveyancing practice in 2003 but they have closed and we did not think at the time seek any advice as to whether the lease permits subletting. How do we find out?
Notwithstanding that your last Farnham Royal conveyancing lawyer is not around you can review your lease to check if it allows you to sublet the property. The accepted inference is that if the deeds are non-specific, subletting is allowed. There may be a precondition that you are obliged to obtain permission via your landlord or other appropriate person prior to subletting. This means you not allowed to sublet in the absence of prior permission. Such consent must not not be unreasonably turned down. If the lease does not allow you to sublet you should ask your landlord if they are willing to waive this restriction.
I inherited a 2 bed flat in Farnham Royal, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Comparable flats in Farnham Royal with over 90 years remaining are worth £195,000. The average or mid-range amount of ground rent is £45 per annum. The lease expires on 21st October 2089
With 64 years unexpired the likely cost is going to range between £14,300 and £16,400 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.