Is there a reason why leasehold purchase conveyancing in Ascot costs more?
Ascot leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I just bought a property at auction in Ascot. Conveyancing is required. What is next?
Now that you are legally bound yourself to purchase you now have to appoint a conveyancing lawyer soon as you will have a fast approaching a fixed date to complete the transaction. An auction property will have an associated legal set of papers. This will include the copy title deeds, local authority and drainage searches. In the case of leasehold premises the legal pack should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to leasehold premises. You need to pass this on to your appointed conveyancing solicitor as soon as possible. Do make sure that that you have the requisite funding in order to complete on the on the contractual date .
My fiancee and I are at the point of viewing houses in Ascot and I am about to put in an offer. Is it wise to have a conveyancing practitioner on ‘stand by’? I will be getting a home loan with RBS.
It would be sensible to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are taking out a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
I have instructed a Ascot conveyancing practitioner having made sure that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Ascot postcode. As you are getting a mortgage with TSB, you could contact them to see if they have a list of approved surveyors in Ascot.
Despite weeks of looking the Title Certificate and documents to our house can not be found. The solicitors who handled the conveyancing in Ascot 4 years ago are no longer around. What are my next steps?
Gone are the days when you need to have the physical official documentation to evidence that you are the registered proprietor of land or property, given that the Land Registry have everything they need in a digital format.
Is it possible to change conveyancer as I have to select one who is on the Godiva Mortgages Ltd conveyancing panel. I had appointed a family conveyancing solicitor in Ascot five minutes from me but he is not approved by Godiva Mortgages Ltd
It would be our pleasure to assist you find a conveyancing solicitor in Ascot on the Godiva Mortgages Ltd panel. Please note that the law firms that we list do not pay us commission if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Ascot. In utilising search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Ascot.
My wife and I purchased a leasehold flat in Ascot. Conveyancing and Chelsea Building Society mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Ascot who previously acted has long since retired. Do I pay?
First make enquiries of the Land Registry to be sure that this person is in fact the new freeholder. You do not need to instruct a Ascot conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Ascot Leasehold Conveyancing - A selection of Questions you should consider before Purchasing
What is the maintenance charge and ground rent on the property? Is there a share of the freehold? The best form of lease structure is where the freehold interest is in the ownership of the leaseholders. In this scenario the tenants enjoy being in charge if their destiny and notwithstanding that a managing agent is frequently employed if the building is larger than a house conversion, the managing agent employed by the leaseholders.