Our lawyer has uncovered a defect with the lease for the flat we are purchasing in Berkshire. The other side have offered title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancing practitioner says that he must be satisfied that the lender is willing to move forward with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the bank are the client. These conveyancing instructions must be adhered to.
The deeds to our home can not be found. The lawyers who conducted the conveyancing in Berkshire 4 years ago no longer exist. What are my options?
These day there are duplicates made of almost everything, and your conveyancer will be aware exactly where to find all the appropriate paperwork so you can purchase or sell your property without any difficulty. Where duplicates can’t be found, your solicitor can arrange cover in the form of insurance or indemnities against possible claims on your property.
I need to instruct a conveyancing lawyer in Berkshire for my purchase. Can I check a solicitor's complaints history with the profession’s regulator?
You may see documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions started on or after 1 January 2008. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator may monitor call for training reasons.
Back In 2007, I bought a leasehold house in Berkshire. Conveyancing and HSBC Bank mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Berkshire who acted for me is not around. Any advice?
The first thing you should do is make enquiries of the Land Registry to make sure that this person is indeed the new freeholder. You do not need to instruct a Berkshire conveyancing firm to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I bought a basement flat in Berkshire, conveyancing was carried out 4 years ago. How much will my lease extension cost? Corresponding properties in Berkshire with a long lease are worth £197,000. The ground rent is £55 yearly. The lease ceases on 21st October 2077
You have 56 years unexpired we estimate the premium for your lease extension to be between £29,500 and £34,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.
I have been told by numerous family members to expect 6-8 weeks for Berkshire conveyancing to complete.This was 3 ago. The paperwork was only sent from the vendors solicitor a few days ago so now does it countdown?
No official countdown exists for conveyancing in Berkshire, or any area in the UK. You just have to ensure that your finances are in place and in due course the rest will come together.