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Find a Maidenhead Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Maidenhead

Do banks and building societies provide you with an approved list of Maidenhead conveyancing solicitors? How do you know who is on the Lloyds conveyancing panel?

Maidenhead conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.

Is it necessary to pay for insurance to address the risk of chancel repairs when acquiring a residence in Maidenhead?

Unless a prior purchase of the premises completed after 12 October 2013 you can assume that conveyancing practitioners handling conveyancing in Maidenhead to remain encouraging a chancel search and or insurance against a claim.

Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Maidenhead is the location of the property. Is there any advice you can give?

Flying freeholds in Maidenhead are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Maidenhead you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Maidenhead 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 residence.

Completion is due on the disposal of our £375,000 garden flat in Maidenhead in seven days. The managing agents has quoted £336 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in Maidenhead?

For the majority of leasehold sales in Maidenhead conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

    Answering conveyancing due diligence enquiries Where consent is required before sale in Maidenhead Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale
Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Maidenhead leasehold premises is £350. For Maidenhead conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide answers.

Maidenhead Leasehold Conveyancing - A selection of Queries Prior to Purchasing

    The answer will be helpful as a) areas may cause problems for the building as the common areas may begin to deteriorate if maintenance remain unpaid b) if the leasehold owners have a dispute with the running of the building you will need to have all the details Please note that where the lease has fewer than 80 years it will affect the marketability of the flat. Check with your lender that they are happy with remaining years on the lease. A short lease means that you will probably have to extend the lease sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you would need to own the residence for 24 months in order to be legally able to exercise a lease extension. Its a good idea to discover as much as you can regarding the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to every day issues such as the upkeep of the communal areas. Enquire of other tenants if they are happy with them. Finally, be sure you discover the dates that you are obliged pay the maintenance charge to the managing agents and precisely what it includes.

Me and my fiance are expecting to complete buying a property in Maidenhead but as a consequence of wreckage from the recent storms I have negotiated compensation from the seller of £2k taking the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process yet the lender will not agree to this. Should they have been informed?

The solicitor listed on a mortgage company conveyancing panel is obliged to advise the bank of any changes to the purchase price. If you were to refuse your lawyer to report the price change to your mortgage company then they would have to disinstructing themselves from representing you and the mortgage company.

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Find out more about how flying freehold can affect your the value of a property.