I am under pressure from the mortgagee in possession of a property in Comberton to complete within four weeks. What can I do to expedite the buying process?

In the event that you are under a tight deadline to complete we would recommend that your solicitor is familiar with the area as they will make use of local contacts and knowledge. It is even conceivable that they could have conducted previoushouses in the same neighbourhood. You would be best advised to use a Comberton conveyancing firm. In addition, ensure that the conveyancing firm is on the member panel. It is claimed that just under twenty per cent of Comberton conveyancing deals are delayed or derailed after discovering a buyer’s lawyer was not on their banks list of approved solicitors. This can often result in the transaction being delayed by as much as three weeks. It is claimed that this issue affects in the region of one hundred thousand home sales every year. Many Comberton conveyancing firms can not act for certain lenders so do check at the outset.

We're in Comberton, First time buyers purchasing with a mortgage (lender is Principality , and our solicitor is on the Principality conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

My wife and I are purchasing a flat in Comberton. It might be a silly question but how we can trust a conveyancer? On the day of competition we will need to deposit money into their account. What protection do we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

Is there a list of Barclays panel conveyancers in Comberton on the Council of Mortgage Lender’s Website?

Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings available over the internet. If you are seeking to appoint a Comberton solicitor on the Barclays please make the most of our facility.

I am purchasing a property in Comberton. An unusual aspect is that the roof has a solar panel. Aldermore have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

Given that you are obtaining a mortgage with Aldermore your lawyer must comply with the formal requirements contained in Part 2 of UK Finance Lenders’ Handbook for Aldermore. The CML Handbook contains minimum provisions for solar panel roof-space leases, and solicitors are required to report to Aldermore 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 limited to Comberton.

I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Comberton is the location of the property. Can you shed any light on this issue?

Flying freeholds in Comberton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Comberton you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Comberton may decide 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.

I am hoping to put an offer on a small detached house that seems to meet my requirements, at a great price which is making it more attractive. I have subsequently discovered that it's a leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Comberton. Conveyancing advisers have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Comberton ?

Most houses in Comberton are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are buying in Comberton so you should seriously consider looking for a Comberton conveyancing solicitor and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the freeholder’sconsent to conduct changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer will advise you fully on all the issues.

I own a 2 bed flat in Comberton, conveyancing formalities finalised May 1996. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Comberton with an extended lease are worth £206,000. The ground rent is £45 yearly. The lease ceases on 21st October 2092

With just 66 years remaining on your lease we estimate the premium for your lease extension to span between £11,400 and £13,200 as well as legals.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.