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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 home move at risk of delay or failure.

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Recently asked questions about conveyancing in Ascot

Is there a reason why leasehold purchase conveyancing in Ascot costs more?

The conveyancing fees on a leasehold premises in Ascot is inevitably more expensive when contrasted to a freehold residence. This is due to the additional investigations required in communicating with the freeholder and management company to obtain information concerning whether the rent and maintenance fee have been discharged and whether there are any significant expenditure in the near future on repairs or maintenance of the building.

Are all Ascot Conveyancing Quality Solicitors on the Nationwide conveyancing list of approved solicitors?

Some major lenders now utilise CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.

We have agreed to purchase a house in Ascot. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?

Given that you are obtaining a mortgage with HSBC your lawyer must check the conveyancing instructions outlined in Part two of UK Finance Lenders’ Handbook for HSBC. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to HSBC where a lease does not satisfy these conditions. The conditions relate to the installation of panels on properties in England and Wales and is not isolated to Ascot.

Having digested plenty of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Ascot solicitor - who is on the Santander conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?

Santander will need an independent valuation of the property. Your lawyer will not arrange this. Usually Santander 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. You may wish to consider appointing your own Ascot surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.

In sourcing the web for the words on line conveyancing in Ascot it brings up many solicitorsin the area. With so much choice what is the best way to find the right conveyancer for purchase transaction?

The best method of seeking the right conveyancer is via personal referral, so seek the guidance of friends and those you trust who have bought a property in Ascot or the reputable estate agent or mortgage broker. Charges for conveyancing in Ascot vary, so it's advisable to obtain a minimum of four estimates from varying types of companies. Make sure that you know that the charges are assured not to rise.

Looking forward to complete next month on a ground floor flat in Ascot. Conveyancing solicitors have said that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Ascot should include some of the following:

    You should know whether the lease permits you to add or improve anything in the property- you should be made aware as to whether any restrictions applies to all alterations or limited to structural alteration, and whether consent is required Who has the liability for repairing the window frames The total ownership of the demise. This might be the apartment itself but may incorporate a roof space or storage are if relevant. Setting out your legal entitlements in respect of common areas in the block.E.G., does the lease provide for a right of way over a path or hallways? Advice concerning the obligations as set out in the lease to pay service charges - in relation to the building, and the wider rights a tenant enjoys
For a comprehensive list of information to be included in your report on your leasehold property in Ascot please enquire of your solicitor in advance of your conveyancing in Ascot.

I acquired a split level flat in Ascot, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Ascot with a long lease are worth £206,000. The ground rent is £45 invoiced annually. The lease finishes on 21st October 2087

With only 66 years remaining on your lease we estimate the price of your lease extension to span between £12,400 and £14,200 plus costs.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account 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 seeking the advice of a professional.

I own a leasehold flat in Ascot. Conveyancing was finished in 21012. I have heard that I should not let the lease length fall too short. What is the reasoning?

Ascot leasehold properties are for a set term - often 99 years when they are first granted. However many appartments in Ascot were built or converted in the 60’s and so these leases now have under 80 years left to run. That may seem like a long time however Banks, Building Societies and other mortgage companies generally need leases to have at least seventy five years left to be mortgageable. This means that when you come to sell the property you will need a lease extension if you are nearing eighty years. To maximise your property value you should be considering whether to extend your lease well in advance of selling the property. Furthermore advantages to doing so before the lease reaches even eighty years as when the lease is less than 80 years the premium to be paid to extend starts to get a lot more expensive.

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