Why do I have to pay up front for my conveyancing in Bracknell?
If you are buying a property in Bracknell your solicitor will request that you put them with funds to cover the search fees. Generally this is called for to cover the fees of the Local Authority Search. If any down payment is as part of the sale price then this will be required immediately prior to exchange of contracts. Any further balance that is needed will be payable a couple of days prior to the completion date.
My wife and I are downsizing from our home in Bracknell and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A high street Bracknell conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed an internet conveyancing outfit rather than a conveyancing solicitor in Bracknell. We have lived in Bracknell for many years we know of no issue. Is it a good idea to contact our local Authority to seek confirmation that there is no issue.
It would appear that you have a conveyancing firm already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
It has been three months following my purchase conveyancing in Bracknell concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
My husband and I are first time buyers - agreed a price, yet the selling agent advised that the vendor will only move forward if we use the agent's chosen solicitors as they want a ‘quick sale’. Our preferred option is to instruct a high street solicitor accustomed to conveyancing in Bracknell
We suspect that the seller is not behind this ultimatum. If they desire ‘a quick sale', taking such a hostile approach to a serious buyer is likely to cause more damage than good. Speak to the owners direct and make the point that (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you intend to use your preferred Bracknell conveyancing lawyers - as opposed tothe ones that will give their negotiator at the agency a kickback or meet his conveyancing targets pre-set by corporate headquarters.
I am looking at a two maisonettes in Bracknell which have approximately forty five years remaining on the leases. Do I need to be concerned?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease gets shorter the saleability of the lease deteriorates and results in it becoming more expensive to acquire a lease extension. This is why it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage companies may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We recommend you get professional help from a conveyancer and surveyor with experience in this field.
I inherited a ground floor flat in Bracknell, conveyancing was carried out 6 years ago. How much will my lease extension cost? Equivalent flats in Bracknell with an extended lease are worth £206,000. The ground rent is £45 invoiced annually. The lease runs out on 21st October 2085
With 66 years unexpired we estimate the price of your lease extension to span between £11,400 and £13,200 as well as professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.