We see that you have a search directory listing law firms on the TSB conveyancing panel. Do firms pay you a commission if I appoint them for our own conveyancing in Old Windsor?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Old Windsor.
We are buying a terrace house in Old Windsor. Our aim is to carry out an extension to the side at the house.Will the conveyancing process involve investigations to see if these alterations were previously refused?
Your property lawyer should check the registered title as conveyancing in Old Windsor can occasionally identify restrictions in the title documents which prevent categories of works or require the consent of a 3rd party. Some works need local authority planning consent and approval in compliance with building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be prudent to check these things with a surveyor prior to committing yourself to a purchase.
is it true that all Old Windsor solicitor firms on the Principality conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Principality approved list of solicitors they would need to be regulated by the SRA. The majority of lenders do list licenced conveyancers on their panel in which case such practice would be regulated by the CLC.
It is unclear whether my lender requires a lease extension. I have called my Old Windsor building society branch on numerous occasions and was told it does not impact the mortgage offer and they would lend. My Old Windsor conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend based on their published requirements. I have no idea who is right.
As long as the conveyancing practitioner is on the bank panel, she or he must comply with the Council of Mortgage Lenders’ Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I need some fast conveyancing in Old Windsor as I am under a deadline to sign on the dotted line in less than 4 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not obtaining a home loan you have the choice not to have searches conducted although no conveyancer would advise that you don't. With plenty of history conveyancing in Old Windsor the following are instances of what can show up and adversely affect future mortgageability: Enforcement Actions, Overdue Fees, Outstanding Grants, Unadopted Roads,...
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. Old Windsor is where the house is located. Can you offer any guidance?
Flying freeholds in Old Windsor are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Old Windsor you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Old Windsor may determine 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.
I have just appointed agents to market my garden apartment in Old Windsor. Conveyancing solicitors are to be appointed soon, however I have recently had a half-yearly maintenance charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should pay the invoice as usual as all ground rent and maintenance charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I own a 1st floor flat in Old Windsor, conveyancing was carried out December 2003. How much will my lease extension cost? Similar flats in Old Windsor with a long lease are worth £206,000. The ground rent is £45 charged once a year. The lease expires on 21st October 2086
With just 66 years unexpired the likely cost is going to span between £11,400 and £13,200 plus professional fees.
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 detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.