It is is a decade since I acquired my house in Bracknell. Conveyancing lawyers have recently been appointed on the sale but I can't find the deeds. Will this cause complications?
You need not be too concerned. Firstly there is a possibility that the deeds will be retained by the mortgage company or they may be in the possession of the conveyancers who handled the purchase. Secondly in all probability the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. Nearly all conveyancing in Bracknell relates to registered property but in the rare situation where your home is not registered it is more of a problem but is resolvable.
I am purchasing a garden flat in Bracknell. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Bracknell you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Bracknell.
I have been told by my solicitor that flying freehold insurance is needed on my purchase. What is the level of cover for Bracknell conveyancing?
The right level of flying freehold indemnity insurance depends on who your lender is. It would differ for example between HSBC Bank and Chelsea Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
After months of negotiation I have agreed a price on an apartment in Bracknell. My financial adviser suggested a conveyancing practitioner. I paid an advanced payment of £225. Not long after, the property lawyer contacted me embarrassingly acknowledging that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Co-operative have agreed my home loan in principle, my offer on a flat in Bracknell has been accepted, what happens next?
Your property agent will want to know who your solicitors are (ensure that the conveyancing practitioners are on the lender’s panel). Contact Co-operative or your financial adviser and finish off any outstanding paperwork. Co-operative will instruct a valuer who will get in touch with the estate agent or owners to arrange a slot for the valuation to happen. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Co-operative will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Bracknell.
Are there restrictive covenants that are commonly identified during conveyancing in Bracknell?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Bracknell. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a leasehold apartment up to £245,000 and identified one near me in Bracknell I like with open areas and railway links in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Bracknell in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
My husband and I are FTB’s just having agreed a price on a property in Bracknell, and are about to get solicitors lined up. We have used the various rating based websites and the fee estimates are from all over the the UK. Is it important to have a Bracknell conveyancing practitioner local to your potential new home? We are willing to do all the communicating over the web, but I am thinking at some stage we may be required to visit the property lawyer's office to sign papers?
Usually there is no need to physically visit the office of your conveyancing practitioner, they can post any relevant documents to you, which you can sign and send back. Many buyers and sellers nevertheless opt to instruct a locally based solicitor, but it is not a prerequisite for conveyancing in Bracknell.