I am acquiring a newly built flat in Englefield Green and my lawyer is informing me that she is duty bound to the bank to reveal incentives from the seller. I am on a tight deadline to exchange and I would rather not prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am purchasing a garden flat in Englefield Green. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Englefield Green you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Englefield Green.
I decided to have a survey done on a house in Englefield Green in advance of retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some lenders may not give a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Englefield Green. Conveyancing will be smoother if you use a solicitor in Englefield Green especially if they are accustomed to such properties in Englefield Green.
I am looking for a conveyancing lawyer in Englefield Green for my home move. Can I check a firm’s complaints history with the legal regulator?
Anyone can see presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA may recorded telephone calls for training reasons.
I have recently realised that I have Seventy years unexpired on my flat in Englefield Green. I now wish to extend my lease but my freeholder is missing. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to prove that you or your lawyers have made all reasonable attempts to track down the landlord. In some cases an enquiry agent should be useful to conduct investigations and prepare a report to be accepted by the court as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer both on proving the landlord’s absence and the vesting order request to the County Court covering Englefield Green.
I acquired a basement flat in Englefield Green, conveyancing having been completed in 2011. How much will my lease extension cost? Equivalent properties in Englefield Green with over 90 years remaining are worth £180,000. The ground rent is £65 charged once a year. The lease ends on 21st October 2084
With just 58 years left to run we estimate the premium for your lease extension to range between £22,800 and £26,400 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.