I had intended to instruct a conveyancing solicitor in Woking for our house move. Our financial adviser informed us that our mortgage company Britannia won't deal with them. Why is this not regarded as unduly restrictive?
A decade ago most banks had an appetite for risk which was higher than today. Almost all Woking conveyancing firms would have been on many mortgage company panels. The FSA in 2010 completed a thematic investigation into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders are increasingly seeing more data from law firms relating to their operations and their employees and establishing certain criteria such a completing on a minimum amount of conveyancing. Many Woking conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Woking is amongst the many areas where the lawyers showing on our search results are are approved Britannia.
I opted to have a survey carried out on a house in Woking before retaining solicitors. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some banks tend not give a loan on this type of house.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Woking. Conveyancing may be slightly more expensive based on your lender's requirements.
I am downsizing from my home. My previous lawyers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Woking if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Woking. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I've found a house that seems to tick a lot of boxes, at a great price which is making it all the more appealing. I have since discovered that it's a leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Woking. Conveyancing lawyers have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Woking ?
Most houses in Woking are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Woking in which case you should be looking for a Woking conveyancing practitioner and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a contribution towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer should advise you fully on all the issues.
Woking Leasehold Conveyancing - Examples of Questions you should consider before buying
In the main the cost for major works tend not to be incorporated into the maintenance charges, albeit that there some managing agents in Woking require leaseholders to contribute towards a reserve fund created for the specific purpose of establishing a fund for major repairs or maintenance. What is the length of the lease? Who is in charge of the block?
I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have just discovered that it's a leasehold rather than freehold. I am assuming that there are issues buying a leasehold house in Woking. Conveyancing advisers have not yet been appointed. Will they explain the issues?
Most houses in Woking are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are buying in Woking in which case you should be shopping around for a Woking conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’sconsent to conduct alterations. You may also be required to pay a contribution towards the maintenance of the estate where the property is part of an estate. Your solicitor will appraise you on the various issues.