My wife and I are approaching an exchange on a flat in Cholsey and my parents have sent the exchange deposit to my lawyer. I am now advised that as the deposit has not come from me my conveyancer needs to disclose this to my mortgage company. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?

The lawyer is obliged to check with the bank to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.

We see that you have a post code search directory identifying firms on the Skipton conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Cholsey?

We are a listing service only for law firms wishing to communicate if they are on the Skipton conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Cholsey.

What is the difference between a licensed conveyancer and conveyancing solicitor in Cholsey

Two types of professional can do conveyancing in Cholsey namely licenced conveyancers or solicitors. Both professionals provide the legal services that you need to complete the disposal or purchase of property. They are both obliged to conduct Cholsey conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be professionally conducted and that all requisite procedures should be correctly adhered to.

We previously selected solicitors located in Cholsey on the Virgin Money solicitor panel. They are now charging me an additional charge for dealing with the Virgin Money mortgage. Is this a supplemental conveyancing fee specified by Virgin Money?

Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your solicitor is entitled to levy a fee for this. The charge is not dictated by Virgin Money but by your Cholsey lawyer. Plenty of firms on the Virgin Money panel will quote an ‘acting for lender’ fee but plenty of practices include it on their overall fee.

We are getting a further advance on our mortgage from Bank of Ireland as we want to carry out improvements to our house in Cholsey. Do we need to appoint a bricks and mortar Cholsey solicitor on the Bank of Ireland conveyancing panel to deal with the paperwork?

Bank of Ireland do not ordinarily require a member of their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Bank of Ireland list.

Is there anything unique about your site and alternative web based conveyancing brokers for conveyancing in Cholsey?

At this site get an accurate quote via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Cholsey. Unlike many estate agents and brokerage sites we do not have kick-back deals with solicitors. Some agents and online brokers 'recommend' solicitors who pay the highest kickback, as opposed to the best value conveyancing in Cholsey

If all goes to plan we aim to complete the disposal of our £225,000 garden flat in Cholsey next week. The freeholder has quoted £300 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Cholsey?

Cholsey conveyancing on leasehold maisonettes normally necessitates the purchaser’s solicitor sending enquiries for the landlord to address. Although the landlord is not legally bound to answer such questions most will be content to assist. They are at liberty to levy a reasonable charge for responding to questions or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some cases it is in excess of £800. The administration charge required by the landlord must be accompanied by a synopsis of entitlements and obligations in respect of administration fees, without which the invoice is technically not due. In reality you have no option but to pay whatever is requested of you should you wish to complete the sale of your home.

I purchased a studio flat in Cholsey, conveyancing was carried out 4 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Cholsey with an extended lease are worth £190,000. The ground rent is £45 charged once a year. The lease ceases on 21st October 2086

With 62 years unexpired we estimate the premium for your lease extension to span between £17,100 and £19,800 as well as costs.

The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.