How up to date is your database of Pound Hill solicitors on the Virgin Money conveyancing panel? Do Virgin Money send you an updated list?

Pound Hill conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.

The deeds to our home are lost. The conveyancers who handled the conveyancing in Pound Hill 5 years ago have long since closed. What are my options?

You no longer need to have the physical official documentation to prove you are the registered proprietor of land or premises, given that the Land Registry have everything they need in a digital format.

How does conveyancing in Pound Hill differ for new build properties?

Most buyers of new build residence in Pound Hill come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is completed. This is because builders in Pound Hill usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Pound Hill or who has acted in the same development.

I’m about to sell my 2 bed apartment in Pound Hill. Conveyancing is yet to be initiated, however I have just received a quarterly service charge demand – what should I do?

It best that you clear the invoice as normal because all ground rent and service charges should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless 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 am the registered owner of a leasehold flat in Pound Hill, conveyancing having been completed in 1998. How much will my lease extension cost? Similar flats in Pound Hill with over 90 years remaining are worth £176,000. The ground rent is £50 charged once a year. The lease ends on 21st October 2103

You have 79 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 plus legals.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.

Me and my wife are selling a Pound Hill apartment left to us ten years ago in 2009. I have over a decades worth of conveyancing experience and, now retired, wish to do my own legal work. The purchaser's conveyancer has informed me that their bank will not allow us to do our own conveyancing mandating that the funds to be sent to a solicitor's bank account.

Mortgage instructions to conveyancing practitioners from all mainstream lenders specify that If the seller is not legally represented the purchaser’s lawyers should check whether the lender needs to be informed so that a decision can be made as to whether or not they are prepared to move forward.