Completed the sale of my flat in Windsor last October but the buyer keeps SMS messaging every few hours to moan that his lawyer is waiting to hear from mine. What should have happened following completion?
After completion of your sale your solicitor should forward the transfer deeds and all additional paperwork to the buyer’s conveyancer. Where appropriate, your lawyer should also evidence that the home loan has been paid off to the purchasers conveyancers. There are no post completion procedures unique to conveyancing in Windsor.
I am buying my first flat in Windsor with the aid of help to buy. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not to tell my conveyancer about this deal as it would affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking into buying my first house which is in Windsor and I am already nervous. I couldn't find anything specific about Windsor. Conveyancing will be needed in due course but do you know about the Windsor area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Windsor. In the meantime here are some basic statistics that we found
We're first time buyers - agreed a price, but the selling agent told us that the vendor will only issue a contract if we appoint the agent's recommended solicitors as they want an ‘expedited deal’. We would rather use a family conveyancer with experience of conveyancing in Windsor
It is highly unlikely the vendors are behind this. Should the vendor desire ‘a quick sale', turning down a motivated purchaser is counter productive. Try to communicate with the owners directly and make sure they understand (a)you are keen to buy (b)you are ready to go, with finances arranged © you are unencumbered (d) you wish to move quickly (e)however you intend to instruct your preferred Windsor conveyancing lawyers - rather thanthose that will provide their negotiator at the agency a commission or meet his conveyancing thresholds set by corporate headquarters.
I've found a house that appears to meet my requirements, at a reasonable price which is making it all the more appealing. I have since been informed that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Windsor. Conveyancing solicitors have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Windsor ?
Most houses in Windsor are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. It is clear that you are purchasing in Windsor so you should seriously consider looking for a Windsor conveyancing practitioner and check that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’sconsent to conduct changes to the property. It may be necessary to pay a service charge towards the upkeep of the communal areas where the house is part of an estate. Your lawyer will advise you fully on all the issues.
I am the registered owner of a studio flat in Windsor, conveyancing having been completed 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Windsor with over 90 years remaining are worth £185,000. The ground rent is £65 invoiced every year. The lease ends on 21st October 2087
You have 61 years unexpired the likely cost is going to range between £18,100 and £20,800 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.
Do all mortgage companies provide you with an approved list of Windsor solicitors? How do you know who is on the lender conveyancing panel?
Windsor firms and firms conducting conveyancing in Windsor themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the mortgage company directly.