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Find a Bracknell Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Bracknell

Just acquired a detached house in Bracknell , how long will it take for the Land Registry to deal with the formalities evidencing the transfer to my name? My Bracknell conveyancing solicitor works at snail pace, so I want to be certain that my name is registered.

There is nothing unique about conveyancing in Bracknell registration formalities. As opposed to being determined by geographic area, timescales can adjust subject to who lodges the application, whether there are errors and if the Land registry communicate with any other persons or bodies. Currently roughly 80% of such applications are completed in less than three weeks but occasionally there can be extensive delays. Historically registration is effected after the buyer has moved in to the property thus 'speed' is not typically primary concern but if it is urgent that the the registration takes place urgently then you or your solicitor should communicate with the Registry to express the reasoning for an expedited registration.

About to purchase a new build apartment in Bracknell. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Bracknell

    There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Bracknell is where the house is located. What do you suggest?

Flying freeholds in Bracknell are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bracknell you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bracknell may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

Last January I purchased a leasehold property in Bracknell. Am I liable to pay service charges for periods before my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I inherited a ground floor flat in Bracknell, conveyancing was carried out August 2007. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Bracknell with a long lease are worth £206,000. The ground rent is £45 invoiced annually. The lease finishes on 21st October 2090

You have 66 years unexpired the likely cost is going to span between £11,400 and £13,200 as well as costs.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.

My wife and I have recently appointed a conveyancing solicitor in Bracknell. I I would like to check if they are listed on the lender's conveyancing panel. Can you assist?

It’s a good idea contact the solicitor to check if they are on the lender's approved list. Alternatively please get in touch with us and we can investigate and revert. If they are not on the lender panel we can certainly arrange a quality conveyancing solicitor in Bracknell on the panel for your lender.

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