When it comes to mortgage companies such as Nottingham, do Shinfield and Arborfield solicitors have to pay an annual charge to be on the conveyancing panel?

We are unaware of any mortgage company fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.

Is it the case that all Shinfield and Arborfield solicitors on the UBS conveyancing panel are governed by the Solicitors Regulatory Authority?

As solicitors, in order to be on the UBS approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many mortgage companies do permit licenced conveyancers on their panel and in that case the organisation would be overseen by the CLC.

Co-operative have agreed my home loan in principle, my offer on a flat in Shinfield and Arborfield has been accepted, what happens next?

The property agent will need to know who your solicitors are (make sure the conveyancing practitioners are on the lender’s panel). Call up Co-operative or the broker and finalise any outstanding paperwork. Co-operative will appoint a valuer who will get in touch with the estate agent or seller to schedule a slot for the valuation to happen. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Co-operative will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Shinfield and Arborfield.

Have purchased a a semi-detached house in Shinfield and Arborfield , What is the estimated time for the Land Registry to register my ownership? My Shinfield and Arborfield conveyancing solicitor works at snail pace, so I want to check that my name is recorded.

There is nothing unique when it comes to conveyancing in Shinfield and Arborfield registration formalities. Rather than based on location, timeframes can differ depending on the party submitting the application, whether it is in order and whether the Land registry must send notices to any interested parties. At present roughly three quarters of submission are fully addressed within two weeks but occasionally there can be longer delays. Registration is effected after the purchaser is living at the premises so post completion formalities is not usually primary concern yet where there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for an expedited registration.

Over the last few months I have been searching for a ground for flat up to £245,000 and identified one round the corner in Shinfield and Arborfield I like with a park and station nearby, however it only has 49 years unexpired on the lease. There is not much else in Shinfield and Arborfield in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?

Should you need a home loan the shortness of the lease will be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.

What is different about your site and alternative online quote calculators for conveyancing in Shinfield and Arborfield?

At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Shinfield and Arborfield. Unlike many estate agents and many comparison sites we do not charge firms a commission if you select them for your property ownership legalities in Shinfield and Arborfield

I've recently bought a leasehold flat in Shinfield and Arborfield. Do I have any liability for service charges relating to a period prior to completion of my purchase?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I am the registered owner of a 1st floor flat in Shinfield and Arborfield, conveyancing was carried out in 2004. How much will my lease extension cost? Corresponding flats in Shinfield and Arborfield with an extended lease are worth £190,000. The ground rent is £65 yearly. The lease ends on 21st October 2085

With only 61 years remaining on your lease we estimate the price of your lease extension to span between £19,000 and £22,000 plus costs.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.