We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would prefer to use a Sonning Common based conveyancing firm?
You should check but the the probability is that give you one of their panel solicitors where you take up the "fee-free" offer. Speak to the lender to determine if they offer you a monetary alternative. Some lenders have previously offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Sonning Common.
I purchased my flat on 14 March and the transaction details is yet to be registered. Any reason for this? My conveyancing solicitor in Sonning Common advises it will be formalised in a couple of weeks. Are properties in Sonning Common particularly slow to register?
There is nothing unique about conveyancing in Sonning Common registration formalities. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether there are errors and if the Land registry must send notices to any third parties. As of today roughly 80% of submission are fully addressed in less than three weeks but occasionally there can be extensive delays. Historically registration is effected after the purchaser has moved in to the premises therefore an expedited registration is not typically an essential issue yet if it is urgent that the the registration takes place urgently then you or your lawyers could speak with the land registry and explain the circumstances.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Sonning Common is where the house is located. Can you offer any advice?
Flying freeholds in Sonning Common 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 Sonning Common you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sonning Common may ascertain 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 property.
I was advised by two or three local selling agents in Sonning Common to locate a solicitor on your site. What’s the financial advantage for Estate Agents to offer your lawyers ahead of a competitor’s?
We refuse to offer any financial incentive for pointing buyers and sellers to this site. We found it would be just too difficult to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
All being well we will complete the disposal of our £350,000 maisonette in Sonning Common on Tuesday in a week. The management company has quoted £372 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Sonning Common?
For most leasehold sales in Sonning Common conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Completing pre-exchange enquiries
Where consent is required before sale in Sonning Common
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I own a garden flat in Sonning Common, conveyancing having been completed February 2008. How much will my lease extension cost? Corresponding properties in Sonning Common with a long lease are worth £202,000. The ground rent is £60 invoiced annually. The lease expires on 21st October 2081
With just 56 years remaining on your lease we estimate the price of your lease extension to span between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed investigations. Do 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 before getting professional advice.