Why do I have to pay up front for my conveyancing in Crowthorne?
Where you are retaining lawyers for conveyancing in Crowthorne your lawyer will ask you place them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. When the down payment is as part of the total price then this should be required immediately ahead of exchange of contracts. The closing balance that is needed should be transferred shortly before completion.
Can you clarify what the consequences are if my solicitor is suspended from the UBS Conveyancing panel ahead of completing my conveyancing in Crowthorne?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I used Wolstenholmes a few years ago for my conveyancing in Crowthorne. Now, I need the documents however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Crowthorne of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Crowthorne is where the house is located. Can you offer any guidance?
Flying freeholds in Crowthorne are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Crowthorne you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crowthorne 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 in need of some leasehold conveyancing in Crowthorne. Before I get started I want to be sure as to the remaining lease term.
If the lease is registered - and almost all are in Crowthorne - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a garden flat in Crowthorne, conveyancing formalities finalised in 1995. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Crowthorne with a long lease are worth £265,000. The ground rent is £50 per annum. The lease runs out on 21st October 2096
You have 76 years unexpired the likely cost is going to be 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 extending a lease, but we are not able to supply the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.