I am looking for a leasehold apartment up to £195,000 and found one near me in Englefield Green I like with a park and transport links nearby, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Englefield Green for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the shortness of the lease will likely be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
How simple is it to use your search facility to select a conveyancing solicitor in Englefield Green on the approved list for my lender?
Step one is to choose a mortgage company such as Lloyds TSB Bank, Norwich and Peterborough Building Society or Platform Home Loans Ltd then specify your location a common one being Englefield Green. Conveyancing organisations in Englefield Green and further afield should be listed.
I am looking for a conveyancing practitioner in Englefield Green for my home move. Is it possible to see a firm’s complaints history with the profession’s regulator?
Anyone may find presented Solicitor Regulator Association (SRA) decisions arising from investigations started on or after Jan 2008. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator could recorded telephone calls for training reasons.
I've found a house that seems to tick a lot of boxes, at a reasonable price which is making it more attractive. I have subsequently discovered that it's a leasehold rather than freehold. I would have thought that there are issues purchasing a leasehold house in Englefield Green. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
Most houses in Englefield Green are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Englefield Green so you should seriously consider looking for a Englefield Green conveyancing solicitor and check that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’spermission to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the communal areas where the property is part of an estate. Your solicitor should appraise you on the various issues.
Leasehold Conveyancing in Englefield Green - Examples of Questions you should consider before Purchasing
In the main the outlay for major works tend not to be included within service charges, albeit that a few managing agents in Englefield Green obliged leasehold owners to contribute towards a sinking fund created for the specific intention of building a fund for larger works. It would be prudent to find out as much as possible concerning the managing agents as they can either make life much simpler or problematic. As the owner of a leasehold property you are often at the mercy of the managing agents both financially and when it comes to practical issues like the tidiness of the common parts. Enquire of other tenants what they think of their management. On a final note, be sure you understand the dates that the maintenance charges are due to the relevant party and specifically what you get for your money. Is anyone aware of any major works in the near future that will increase the service charges?
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.