I am purchasing a house without a mortgage in Windsor. I have lived for the previous 15 years in Windsor. Conveyancing searches are expensive. As I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then almost all of the Windsor conveyancing searches are non-obligatory. Your solicitor will 'advise', no-doubt strongly, that you should have searches carried out, but he is duty bound to do this. One thing to consider; if you are intend to dispose of the house at a future date, it will likely be be of interest to your prospective buyer what the searches contain. Sometimes properties with functional issues can still show up unpredicted search results. A good conveyancing solicitor in Windsor should be able to give you some sensible advice in this regard.
Will our conveyancer be raising enquiries about flooding as part of the conveyancing in Windsor.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Windsor. Plenty of people will acquire a property in Windsor, completely aware that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to offer advice on flood risk, but there are a numerous searches that may be undertaken by the buyer or on a buyer’s behalf which should give them a better appreciation of the risks in Windsor. The conventional set of information supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the owner to determine if the premises has ever been flooded. In the event that the premises has been flooded in past which is not revealed by the owner, then a purchaser may bring a claim for damages resulting from an inaccurate reply. A purchaser’s solicitors will also commission an enviro report. This will higlight if there is any known flood risk. If so, more detailed inquiries should be made.
Due to the input of my in-laws I had a survey completed on a property in Windsor before appointing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some mortgage companies tend not grant a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Windsor. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Windsor to see if the conveyancing costs will increase in light of this.
Given that I will soon spend over three hundred thousand on a property in Windsor I would like to have a conversation with the lawyer about myconveyancing prior to giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor who will be carrying out your conveyancing in Windsor.There is no ‘factory style conveyancing’ - every client is unique person, not a file number. The solicitors that we put you in touch with believe that the figure you are provided with for residential conveyancing in Windsor should be the amount on the final invoice that you end up paying.
Can you offer any advice when it comes to choosing a Windsor conveyancing firm to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Windsor conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with several firms including non Windsor conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be helpful:
Can they put you in touch with clients in Windsor who can give a testimonial?
Windsor Leasehold Conveyancing - Sample of Queries before Purchasing
You should be aware if it is less than 80 years it will affect the marketability of the flat. It is worth checking with your mortgage company that they are willing to lend given the lease term. A short lease means that you will probably have to extend the lease sooner rather than later and you need to have some idea of what this would cost. Remember, in most cases you will need to own the residence for 24 months before you are eligible to extend the lease. How is the lease structured? What is the service charge and ground rent on the property?
Whilst your website is a good idea there are many lawyers listed near Windsor being on the bank conveyancing panel. Can you recommend a specific firm on the mortgage company approved panel?
We do not recommend specific Windsor firms as the right Windsor conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Windsor knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..