My financial adviser has asked me for my Windmill Hill solicitor’s panel reference for the HSBC conveyancing panel. What is the best way to find this out. I have contacted my local Windmill Hill branch but they cant find it on their system.
Have you tried contacting your Windmill Hill lawyer about this?. They keep a central record lender panel numbers.
I have 7378 less than 75 years remaining on my lease and require a lease extension for my flat in Windmill Hill. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 21/2/2024 the requirements read as follows :
I am buying a new build flat in Windmill Hill. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Windmill Hill
There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Are there common defects that you come across in leases for Windmill Hill properties?
There is nothing unique about leasehold conveyancing in Windmill Hill. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain clauses are missing. The following missing provisions could result in a defective lease:
A provision to repair to or maintain elements of the premises
A defective lease will likely cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Accord Mortgages Ltd, Skipton Building Society, and Godiva Mortgages Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, forcing the buyer to pull out.
I am the registered owner of a basement flat in Windmill Hill, conveyancing having been completed June 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Windmill Hill with over 90 years remaining are worth £202,000. The ground rent is £60 invoiced annually. The lease terminates on 21st October 2081
With only 57 years left to run we estimate the price of your lease extension to be between £28,500 and £33,000 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
How much should conveyancing in Windmill Hill cost?
The amount you are levied for conveyancing in Windmill Hill are likely to be calculated at:
- a set amount; or
- an hourly rate (i.e. the time spent on the particular case).
In reality very few Windmill Hill conveyancing practices invoice on an hourly basis