lenderpanel

Find a Ascot Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Ascot? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Ascot transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Ascot conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Ascot

I am in the market for a reasonably priced conveyancer. Should I go for for an online conveyancer rather than a high street Ascot conveyancing lawyer?

Existing third party relationships are another important factor to consider when choosing conveyancing lawyers. Ascot law firms enjoy connections with lenders and agents, local authorities, valuers and other law firms meaning you will move in shortest possible time. Hosting a well rounded experience in the local area is an advantage.

I own a freehold house in Ascot but still invoiced for rent, why is this and what is this?

It’s unusual for properties in Ascot and has limited impact for conveyancing in Ascot but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.

Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.

How does conveyancing in Ascot differ for newly converted properties?

Most buyers of new build property in Ascot come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Ascot tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Ascot or who has acted in the same development.

I have recently realised that I have Fifty years left on my flat in Ascot. I am keen to extend my lease but my landlord is missing. What options are available to me?

On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. You will be obliged to prove that you have done all that could be expected to track down the lessor. In some cases a specialist should be useful to conduct investigations and prepare a report which can be accepted by the court as proof that the landlord is indeed missing. It is advisable to get professional help from a solicitor in relation to investigating the landlord’s absence and the vesting order request to the County Court overseeing Ascot.

I acquired a basement flat in Ascot, conveyancing formalities finalised December 2009. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Ascot with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £45 yearly. The lease ends on 21st October 2085

With only 62 years unexpired the likely cost is going to span between £17,100 and £19,800 as well as professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.

Are there any compelling advantages to selecting a local lawyer in Ascot

Many purchasers and sellers in Ascot select a nearby high street conveyancing practitioner so that they can visit just in case they have questions, and to execute documents without using the post.

There is a marginal benefit in opting for a property lawyer local to the house you are hoping to purchase, due to the familiarity of the locality and potential local issues - however this is moot. Many conveyancers are now online and may be any place in the world.

Last updated

Find out more about how flying freehold can affect your the value of a property.