I have given 2 months notice to my existing landlord and have to vacate my rented property in Farnham Royal by 24/6/2024. Conveyancing on my purchase is underway. How realistic is it to complete in 5 weeks as I wish to avoid having to move into short term accommodation?

Generally one should not give notice for your lease unless you have exchanged. If you have not previously done so, update to your conveyancer and ask them to they chase the sellers side, try to get a realistic time scale from them that everyone will aim towards

Do I find a Licenced Conveyancer or Solicitor for conveyancing in Farnham Royal?

Two types of professional can carry out conveyancing in Farnham Royal namely CLC regulated conveyancers or solicitors. Both professionals handle the legal services that you need to complete the sale or acquisition of property. They are both obliged to carry out Farnham Royal conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be professionally carried out and that the requisite procedures will be correctly adhered to.

A friend pointed out to me me that in purchasing a property in Farnham Royal there may be various restrictions as to what one can do in terms of external changes to the property. Is this right?

We are aware of a number of properties in Farnham Royal which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Farnham Royal should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Can you point me to a directory of UBS panel solicitors in Farnham Royal on the Building Society Association’s Website?

Unfortunately not yet. There is no such directory service on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings available on the web. If you are looking for a Farnham Royal solicitor on the UBS please make the most of our tool.

I opted to have a survey completed on a property in Farnham Royal before retaining solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some banks will refuse to issue a mortgage on a flying freehold property.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Farnham Royal. Conveyancing will be smoother if you use a solicitor in Farnham Royal especially if they are familiar with such properties in Farnham Royal.

I have recently realised that I have Seventy years remaining on my flat in Farnham Royal. I now want to extend my lease but my freeholder is can not be found. What should I do?

If 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 extended by the Court. However, you will be required to prove that you or your lawyers have done all that could be expected to find the lessor. On the whole a specialist may be helpful to conduct investigations and to produce an expert document which can be used as evidence that the freeholder is indeed missing. It is advisable to get professional help from a solicitor in relation to devolving into the landlord’s disappearance and the vesting order request to the County Court covering Farnham Royal.

I am the registered owner of a split level flat in Farnham Royal, conveyancing was carried out in 2006. How much will my lease extension cost? Comparable flats in Farnham Royal with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease ends on 21st October 2082

With only 58 years left to run we estimate the price of your lease extension to range between £22,800 and £26,400 plus professional fees.

The figure 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 comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.

Should I cancel my mortgage payments with Principality once a completion date for my home sale in Farnham Royal has been set?

You would be well advised to keep paying any mortgage sums to Principality pending the mortgage being repaid on completion as part of your Farnham Royal conveyancing.