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Find a Cippenham Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Cippenham

I have Fifty Six years unexpired on my lease and require a lease extension for my flat in Cippenham. Conveyancing solicitors on the Nationwide Building Society panel can deal with such extensions right?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 4/2/2019 the requirements read as follows :

Our minimum unexpired lease term is 55 years subject to at least 30 years remaining at the end of the mortgage term.
Report to the issuing office if the lease term is shorter than that stated on the offer and has less than 100 years remaining. (There is no requirement to report if the lease term is lower than that stated on the offer but still has 100 years or more to run, or if the lease term is longer than that stated on the offer).

NEW BUILD PROPERTIES (includes office conversions)
The following are not acceptable:
- The unexpired lease term is less than 125 years on a new build flat or 250 years on a new build house (does not apply to Shared Ownership)
- Starting ground rent is more than 0.1% of the property value
The lease must be amended to comply with the above. If not the case cannot proceed. Please advise us where the case cannot proceed.
Ground rents and event fees:
Ground rent and other event fees must be reasonable at all times during the lease term. For example, it is acceptable for ground rent escalation to be linked to RPI (Retail Price Index) or a similar index and where this is the case we do not need to be advised. However, unreasonable multipliers of ground rent will not be permitted, for example, doubling every 5, 10 or 15 years. These must be referred to us and we will advise if our mortgage offer remains valid. If you are unsure as to whether the terms of a lease are unreasonable, please refer the details to us.

We had selected conveyancing lawyers located in Cippenham on the Nationwide solicitor panel. They are now charging me an additional charge for the legal aspects of the Nationwide mortgage. Is this an additional conveyancing fee set by Nationwide?

Provided it is contained in their Terms of Engagement or Quote then yes your lawyer can levy a fee for this. The fee is not set by Nationwide but by your Cippenham solicitor. Numerous firms on the Nationwide panel will quote ’dealing with mortgage’ fee and others do not.

Two weeks ago we had a mortgage agreed in principle with Co-operative. Cippenham conveyancing solicitors are appointed. How long does it take for Co-operative to forward the offer to the property lawyer?

Some lenders take longer than others. Have Co-operative conducted the valuation? Have you informed Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

I am due to exchange contracts on my apartment. I had a double glazing fitted in December 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Nationwide are being difficult. The Cippenham solicitor who is on the Nationwide conveyancing panel is recommending indemnity insurance as a solution but Nationwide are insisting on a building regulation certificate. Why do Nationwide have a conveyancing panel if they don't accept advice from them?

It is probably the case that Nationwide have referred the matter to their valuer. The reason why Nationwide may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.

Just had an offer accepted on a new build flat in Cippenham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Cippenham

    Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

I only have 68 years remaining on my flat in Cippenham. I need to get lease extension but my freeholder is absent. What options are available to me?

If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. However, you will be required to demonstrate that you have used your best endeavours to track down the lessor. On the whole a specialist may be helpful to try and locate and prepare an expert document which can be used as proof that the landlord is indeed missing. It is wise to seek advice from a property lawyer both on devolving into the landlord’s absence and the application to the County Court covering Cippenham.

I acquired a 1st floor flat in Cippenham, conveyancing formalities finalised July 2010. Can you work out an approximate cost of a lease extension? Corresponding flats in Cippenham with over 90 years remaining are worth £255,000. The average or mid-range amount of ground rent is £45 levied per year. The lease comes to an end on 21st October 2092

With 73 years remaining on your lease we estimate the price of your lease extension to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is 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 this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.

There are numerous properties in Cippenham on unadopted lanes. We are buying such a property. What are the advantages and disadvantages of purchasing a residence on a privately owned road?

Cippenham conveyancing practices will be familiar with transacting houseson private. The solicitor will review the Land Registry data to identify any rights or liabilities. In many cases there is a management company (wholly owned by residents) that owners pay into to maintain the road. Where one exists, the road will likely be maintained and appear better than publicly owned.

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