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Recently asked questions about conveyancing in Woking

I have given 8 weeks notice to my existing landlord and have to leave my let out apartment in Woking by the end of next month. Conveyancing on my purchase is underway. Can I complete in three weeks as I wish to avoid having to move into short term accommodation?

It is unwise to give notice on a rental unless your lawyer suggests that you should. Assuming that you have not already done so, speak to your conveyancer and urge them to they chase the other lawyers, try to an agreed time frame that all parties will aim towards

I moved into my house on 7 July and my personal details is yet to be registered. Any reason for this? My conveyancing solicitor in Woking said it will be registered in less than a month. Are properties in Woking particularly slow to register?

As far as conveyancing in Woking registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can adjust according to the party submitting the application, whether there are errors and if the Land registry communicate with any other persons or bodies. At present in the region of three quarters of submission are fully addressed in less than three weeks but occasionally there can be longer delays. Registration occurs once the purchaser is living at the property therefore post completion formalities is not usually an essential issue but where it is urgent that the the registration takes place urgently then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.

I am looking for a ground for flat up to £235,500 and identified one close by in Woking I like with a park and railway links nearby, however it's only got 49 years unexpired on the lease. I can't really find anything else in Woking suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you need a mortgage that many years will be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.

What does commercial conveyancing in Woking cover?

Woking conveyancing for business premises covers a broad array of services, provided by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

There are only 72 years remaining on my flat in Woking. I now want to extend my lease but my landlord is missing. What should I do?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. However, you will be required to demonstrate that you have done all that could be expected to track down the landlord. In some cases an enquiry agent would be helpful to carry out a search and prepare an expert document which can be used as evidence that the landlord can not be located. It is wise to seek advice from a property lawyer both on investigating the landlord’s absence and the application to the County Court covering Woking.

I acquired a 1 bedroom flat in Woking, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Corresponding properties in Woking with an extended lease are worth £195,000. The ground rent is £45 invoiced every year. The lease ceases on 21st October 2089

You have 63 years unexpired we estimate the price of your lease extension to span between £16,200 and £18,600 plus legals.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.

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