I have given 2 months notice to my current landlord and must leave my rented flat in Crowthorne by the end of next month. Conveyancing on my purchase is underway. Can I complete in a couple of weeks as I wish to avoid having to find temporary accommodation?
Generally one should not give notice on a rental until you have exchanged. Assuming that you have not previously done so, contact to your lawyer and request that they chase the sellers side, try to get a realistic time scale from them that all parties will look to achieve
The Crowthorne conveyancing solicitors that I appointed last week on my purchase in Crowthorne have without warning shut down. They were on acting for me because I needed a firm on the RBS conveyancing panel and my preferred Crowthorne lawyer was not. I gave my credit card details for them to take £195 for searches. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the RBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
Forgive me if this question is silly but I am wet behind the ears as FTB of a two bedroom flat in Crowthorne. Do I collect the keys to the premises on completion from my solicitor? If this is the case, I will use a High Street conveyancing solicitor in Crowthorne?
On the day of completion you do not need to attend the conveyancers office in Crowthorne. Conveyancing lawyers for you will electronically transfer the purchase money to the owner’s solicitors, and once they have received this, you should be called to receive the keys from the selling Agents and move into your new home. Usually this happens between 1 and 3pm.
I am currently in the process of buying my council flat in Crowthorne. I have a mortgage offer with Virgin Money. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
Completion of my purchase has taken place for my property in Crowthorne. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
We are 17 days into a freehold purchase having been referred to conveyancers by the high street agent to carry out the conveyancing in Crowthorne. I am not happy. Can you you assist me in finding new lawyers?
A conveyancer would need to be really bad to suggest changing them. Has your mortgage been generated? If so you need to make them aware of the new contact details and get the loan are re-sent. The conveyancer needs to be on the lenders panel to avoid escalating fees and frustration. So that should be your starting point. The search tool can help you find a bank approved lawyer for your conveyancing in Crowthorne
I've found a house that seems to meet my requirements, at a reasonable price which is making it all the more appealing. I have since been informed that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Crowthorne. Conveyancing lawyers have not yet been appointed. Will they explain the issues?
The majority of houses in Crowthorne are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are buying in Crowthorne in which case you should be shopping around for a Crowthorne conveyancing solicitor and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to carry out alterations. You may also be required to pay a service charge towards the upkeep of the communal areas where the house is located on an estate. Your conveyancer should appraise you on the various issues.
I bought a studio flat in Crowthorne, conveyancing was carried out in 2001. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Crowthorne with an extended lease are worth £181,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ends on 21st October 2071
With only 50 years left to run we estimate the price of your lease extension to range between £31,400 and £36,200 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.