My partner and I are planning to acquire a property in Yateley and are in fact using a Yateley conveyancing firm. Within the past 48 hours our property lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Godiva Mortgages Ltd have this afternoon contacted us to advise us that there is now an issue as our Yateley conveyancer is not on their approved list of lawyers. Please explain?
If you are buying a property needing a mortgage it is conventional for the purchasers' lawyers to also act for 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 property lawyer 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 and you may continue to use your own Yateley solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
I have given 8 weeks notice to my current landlord and have to leave my rented property in Yateley by 11/2/2026. Conveyancing on my purchase has just started. How realistic is it to complete in 4 weeks as don't want to have to find short term accommodation?
The normal practice is not to serve notice on a rental unless you have exchanged. If you have not already done so, contact to your conveyancer and ask them to they chase the other lawyers, try to get a realistic time scale from them that all parties will work to achieve
At what point can the exchange of contracts occur in purchase conveyancing in Yateley and do I need to be at the conveyancers branch?
Where you are in close proximity to one of the conveyancing solicitors in Yateley you are invited in to sign documents. That being said, the law practices we work with provide countrywide coverage for conveyancing and give just as diligent and professional a job for you when communicating with you electronically. The executing of the contract is not the critical part. Signing on the dotted line simply enables the conveyancer to address the formalities at the appropriate time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Yateley)to be in the office available at the end of the phone to exchange contracts.
Just had an offer accepted on a new build apartment in Yateley. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Yateley
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Over the last few months I have been searching for a flat up to £235,500 and identified one near me in Yateley I like with a park and station in the vicinity, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Yateley suitable, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the shortness of the lease will be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign 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 consult your conveyancing solicitor concerning this matter.
How does the Landlord & Tenant Act 1954 impact my commercial offices in Yateley and how can you help?
The 1954 Act affords a safeguard to business leaseholders, granting the right to make a request to court for a renewal lease and remain in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Yateley is one of our hundreds of areas of the UK in which the firms we work with are based