We were just about to exchange contracts for a leasehold flat in Winchester. We have hit a problem. The mortgage offer with Bank of Scotland expires on 1/5/2026 but the owners are putting forward a completion date of 6/5/2026. Can one prolong the mortgage offer?
The best person to address this concern is your conveyancer who will hopefully calculate whether they corresponding with the lender, vendor’s lawyers, estate agents or possibly all three taking into account what has happend in your transaction as of today.
Completed the sale of my flat in Winchester last December yet the purchaser is Skype messaging every few hours to say her conveyancer is waiting to hear from myconveyancer. What should my lawyer have done now that I have sold?
After completion of your house sale your solicitor is committed to forward the transfer documentation and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor must also evidence that the home loan has been repaid to the purchasers lawyers. There is unlikely to be post completion tasks peculiar conveyancing in Winchester.
Are the BSA planning on creating a online directory to to identify law firms on the Darlington Building Society conveyancing panel for example in Winchester?
We have not been informed any intention on the part of the BSA to promote such a search facility.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Winchester?
There are two types of lawyers who can perform conveyancing in Winchester namely CLC regulated conveyancers or solicitors. The two can provide the legal services that required to complete the disposal or purchase of property. They are both duty bound to execute Winchester conveyancing to the same standards and guidelines so you may be safe in the knowledge that your conveyancing will be properly carried out and that all requirements and procedures will be correctly attended to.
When it comes to lenders such as Clydesdale, do Winchester solicitors incur an annual charge to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
We have a mortgage agreed in principle with Barclays. Winchester conveyancing practitioners were selected. What is the average time that one could expect to receive a mortgage offer from Barclays?
Some lenders take longer than others. Have Barclays done the valuation? Have you advised Barclays as to your lawyers' details and checked that your lawyers are on the Barclays conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Various web forums that I have come across warn that are the primary cause of hinderance in Winchester house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of delay in conveyancing in Winchester.
We expect to complete the disposal of our £175,000 garden flat in Winchester in 10 days. The managing agents has quoted £300 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Winchester?
Winchester conveyancing on leasehold apartments normally involves the buyer’s lawyer submitting questions for the landlord to address. Although the landlord is not legally bound to answer these enquiries most will be content to assist. They are at liberty to charge a reasonable charge for responding to enquiries or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is £350, in some transactions it is above £800. The management information fee levied by the landlord must be accompanied by a synopsis of rights and obligations in respect of administration fees, otherwise the charge is not strictly payable. In reality one has little choice but to pay whatever is requested of you should you wish to sell the property.
I bought a 1 bedroom flat in Winchester, conveyancing formalities finalised in 2011. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Winchester with over 90 years remaining are worth £165,000. The ground rent is £50 per annum. The lease terminates on 21st October 2104
With 78 years left to run we estimate the price of your lease extension to range between £7,600 and £8,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.