My wife and I are hoping to purchase a home in Windlesham and are in fact using a Windlesham conveyancing practice. Within the last couple of days our conveyancer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Alliance & Leicester have this evening contacted us to advise us that there is now an issue as our Windlesham solicitor is not on their approved list of lawyers. What do we do from here?
Where you are buying a property requiring a mortgage it is conventional for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Windlesham lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
I am purchasing a garden flat in Windlesham. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Windlesham you will have to appoint a solicitor on your lender'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 Windlesham.
I have justdiscovered that Wolstenholmes have been shut down. They carried out my conveyancing in Windlesham for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest way to see if the premises is registered to you, you can carry out 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 Windlesham conveyancing specialists.
I have been on the look out for a ground for flat up to £235,500 and identified one near me in Windlesham I like with open areas and transport links in the vicinity, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Windlesham for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the shortness of the lease will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
I am looking into buying my first house which is in Windlesham and I am already nervous. I couldn't find anything specific about Windlesham. Conveyancing will be needed in due course but do you know about the Windlesham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Windlesham. In the meantime here are some basic statistics that we found
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £125,000 apartment in Windlesham in nine days. The managing agents has quoted £324 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is the landlord entitled to charge an administration fee for a flat conveyance in Windlesham?
For the majority of leasehold sales in Windlesham conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Completing pre-exchange enquiries
Where consent is required before sale in Windlesham
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I invested in buying a studio flat in Windlesham, conveyancing having been completed in 2002. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Windlesham with over 90 years remaining are worth £180,000. The ground rent is £65 levied per year. The lease comes to an end on 21st October 2084
With just 59 years left to run we estimate the price of your lease extension to be between £20,900 and £24,200 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.