I purchased a semi-detached Edwardian house in Slough. Conveyancing lawyer acted for me and Skipton Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under the matching address. Is it worth asking Skipton Building Society to clarify?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Slough and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing lawyer who conducted the work.
How does conveyancing in Slough differ for new build properties?
Most buyers of new build property in Slough come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Slough usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Slough or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Slough before instructing solicitors. I have been informed that there is a flying freehold element to the house. My surveyor has said that some mortgage companies will not issue a loan on this type of property.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Slough. Conveyancing will be smoother if you use a solicitor in Slough especially if they are accustomed to such properties in Slough.
How do I identify a Slough law firm on the Lloyds TSB Bank conveyancing panel? I am a keen cyclist and am prepared to travel upto 25kilometers to meet the lawyer.
You can use the tool on this website. Please select a mortgage company and your location and you will see a number of Slough conveyancing lawyers based on proximity. We have listed some Slough conveyancing firms at the bottom of this page and you can contact them to check if they are on the Lloyds TSB Bank member panel
We are 14 days into a freehold purchase having been referred to a firm by the selling agent to execute conveyancing in Slough. I am am extremely disappointed with the quality of service. Can you help me find new lawyers?
They would have to be very poor in order to consider changing them. Has your loan offer been issued? In the event that it has you must make them aware of the replacement solicitor and have the mortgage documents are issued to the new lawyers. Your new conveyancer should be on the mortgage company panel to avoid escalating expenses and delays. That should be your first question of the new solicitors. Our search tool can help you find a lender approved conveyancer for your home move in Slough
I am tempted by the attractive purchase price for a couple of flats in Slough both have in the region of forty five years unexpired on the leases. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the premises for a period of time. As the lease shortens the marketability of the lease decreases and it becomes more expensive to extend the lease. For this reason it is often a good idea to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on properties of this type. Lease extension can be a protracted process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this arena.
Leasehold Conveyancing in Slough - A selection of Queries before Purchasing
What is the the remaining lease term? The prefered form of lease structure is a share of the freehold. In this situation the lessees enjoy being in charge if their destiny and notwithstanding that a managing agent is frequently retained if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Best to be warned if redecorating or some other significant cost is pending to be shared by the leasehold owners and could well materially increase the the maintenance fees or result in a one time payment.