I am need of leasehold conveyancing for an apartment in a relatively new development (seven years built) in Sonning Common. Almost all the appartments have already been disposed of. Is it strictly necessary to order conveyancing searches as part of conveyancing in Sonning Common?
You are taking a significant risk in refusing to carrying out Sonning Common conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal necessity to have them, but we would absolutely advise in no uncertain terms that your solicitor conducts them. If timings and price are primary issues you should discuss with your conveyancer about the option of search insurance
We are purchasing a property and need a conveyancing solicitor in Sonning Common who is on the TSB conveyancing panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don't recommend any particular firms conducting conveyancing in Sonning Common.
I have justbecome aware that Arc property Solicitors have closed. They carried out my conveyancing in Sonning Common for a purchase of a leasehold apartment 10 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Sonning Common conveyancing specialists.
We are 18 days into a residential purchase having been referred to a firm by the local agent to carry out the conveyancing in Sonning Common. We are not happy. Could you you assist me in finding new solicitors?
A conveyancer would have to be really bad to suggest diss instructing them. Has your mortgage offer been sent? If so you must advise them of the new contact details and ensure the loan are issued to the new lawyers. Your conveyancer needs to be on the mortgage company panel to avoid added costs and complications. So that should be your first question of the new solicitors. Our search tool will assist you in finding a lender approved conveyancer for your conveyancing in Sonning Common
I am attracted to a couple of apartments in Sonning Common which have in the region of fifty years left on the leases. Will this present a problem?
There are plenty of short leases in Sonning Common. The lease is a right to use the premises for a period of time. As the lease shortens the marketability of the lease deteriorates and results in it becoming more expensive to extend the lease. For this reason it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage lenders may be reluctant to lend money on properties of this type. Lease enfranchisement can be a difficult process. We recommend you seek professional help from a solicitor and surveyor with experience in this field.
I own a 2 bed flat in Sonning Common, conveyancing was carried out April 2001. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Sonning Common with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease runs out on 21st October 2106
You have 80 years remaining on your lease we estimate the price of your lease extension to range between £7,600 and £8,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.