As someone unfamiliar with the Binfield conveyancing process what’s your top tip you can give me for the house moving process in Binfield

You may not hear this from too many lawyers but conveyancing in Binfield or throughout England and Wales is often a confrontational process. In other words, when it comes to conveyancing there exists plenty of room for confrontation between you and other parties involved in the house moving process. E.g., the vendor, selling agent and even potentially your lender. Selecting a law firm for your conveyancing in Binfield should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the legal process whose interest is to look after your legal interests and to keep you safe.

There is a worrying increase in the "blame" culture- someone has to be at fault for the process being so protracted. We recommend that you your first instinct should be to trust your lawyer above the other players in the conveyancing process.

Will my conveyancing lawyers need to check that the building insurance when buying a house in Binfield. My lender is Virgin

Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/7/2025, the requirements read as follows :

Can you help - my lawyer advises that lack of building regulations insurance is necessary on my purchase. What is the level of cover for Binfield conveyancing?

The appropriate level of lack of building regulations indemnity insurance should be dictated by who your lender. It would differ for example between Yorkshire Building Society and Bank of Scotland. Conveyancing lawyers as opposed to members of the public take out such insurances.

It is unclear whether my lender requires a lease extension. I have called my Binfield building society branch on a couple of occasions and was reassured it wasn't a problem and they will lend. My Binfield conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend based on their published requirements. I simply don't know who is right.

The property lawyer must follow the CML Handbook section two specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

I was told three weeks ago that my mortgage has been agreed to by Barclays. Is it usual for Barclays to only issue the offer once my solicitor in Binfield is approved on their conveyancing panel? Barclays have asked my solicitor to see a copy of their PI Insurance.

A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Barclays to deal with your lawyer's application to be on the Barclays conveyancing panel. There's no guarantee that your solicitor will be accepted.

My business partner and I are planning to take over a lease of a shop on the high street. Can you recommend solicitors offering no-sale-no fees for commercial conveyancing in Binfield for under 2k?

We can recommend firms who host a wealth of experience of commercial conveyancing in Binfield, including the sale and acquisition of businesses as well as simply premises. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail unit or a whole business we will find you the right solicitor. As for the charges this will depend on the structure and heads of terms of the deal. Please provide us with your contact information or email us so that we may supply you with a fixed commercial conveyancing quote.

When it comes to leasehold conveyancing in Binfield what are the most frequent lease problems?

There is nothing unique about leasehold conveyancing in Binfield. Most leases are individual and legal mistakes in the legal wording can result in certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:

Repairing obligations to or maintain parts of the property A duty to insure the building

You will have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. National Westminster Bank, The Mortgage Works, and Platform Home Loans Ltd all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to pull out.

I purchased a 2 bed flat in Binfield, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Binfield with a long lease are worth £265,000. The ground rent is £50 per annum. The lease finishes on 21st October 2100

With just 75 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 plus legals.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.