Unfortunately I am unable to travel far from Hersham. Is there a reason why all Hersham conveyancing practitioners are not on all bank panels?
Banks highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. This resulted in banks and building societies culling less reputable firms off their official list of approved property lawyers .
I own a freehold residence in Hersham but nevertheless pay rent, why is this and what is this?
It is rare for properties in Hersham and has limited impact for conveyancing in Hersham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I am about to put a bid on a leasehold apartment in Hersham. The property agents say that it is standard for flats in Hersham to have less than 75 years remaining. I am expecting a loan with Virgin. Will the property be mortgageable given that the lease has 72 years remaining.
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. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 29/8/2026 the requirements read as follows :
I require quick conveyancing in Hersham as I am under pressure to complete within 4 weeks. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a cash buyer you are at free not to have searches carried out although no solicitor would suggest that you don't. With lots of history conveyancing in Hersham the following are examples of issues that can show up and therefore affect future saleability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Railway Schemes,...
Over the last few months I have been searching for a ground for flat up to £235,500 and found one near me in Hersham I like with amenity areas and transport links nearby, the downside is that it only has 61 years on the lease. There is not much else in Hersham in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage that many years may be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
I'm selling a bungalow in Hersham. I have found my conveyancer's company on the CLC list, but I can't find my lawyer's name on the list. Is this a big problem?
Not all staff in the practice must be listed by the regulator. As long there is a manager qualified to 'oversee' the transaction, the actual day-to-day activity can be conducted by unlicensed staff.