We see that you have a post code search directory listing solicitors on the Kent Reliance conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Windsor?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Windsor.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Windsor. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/5/2021, the requirements read as follows :
The estate agent has sent us the confirmation of our purchase of a new build flat in Windsor. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Windsor
-
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Over the last few months I have been searching for a ground for flat up to £245,000 and found one near me in Windsor I like with open areas and station nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Windsor for this price, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
I am 14 days into a leasehold purchase having been directed to solicitors by the selling agent to carry out the conveyancing in Windsor. I am am starting to be frustrated with the level of service. Could you help me find new solicitors?
They would need to be really poor to suggest replacing them. Has the mortgage offer been sent? In the event that it has you must make them aware of the new contact details and have the mortgage documents are re-issued. Your conveyancer needs to be on the banks approved list to avoid escalating costs and complications. That should be your starting point. The find a solicitor tool can help you find a lender approved solicitor for your conveyancing in Windsor
Having checked my lease I have discovered that there are only Fifty years remaining on my lease in Windsor. I am keen to extend my lease but my landlord is absent. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to track down the freeholder. For most situations a specialist should be useful to carry out a search and prepare an expert document which can be accepted by the court as proof that the freeholder can not be located. It is advisable to get professional help from a property lawyer both on devolving into the landlord’s absence and the vesting order request to the County Court covering Windsor.
Windsor Leasehold Conveyancing - Examples of Queries before Purchasing
-
Is the freehold owned collectively by the leaseholders? It is important to be aware if window replacement or some other major work is anticipated that will be shared between the leaseholders and may well materially increase the the service charges or necessitate a specific invoice.