Can you help? My Bordon conveyancer is informing me me that he has toapply for Bordon conveyancing searches becausethe firm are on the Santandersolicitor panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. As you are taking a home loan with a bank your property lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Bordon conveyancing searches.
Are there restrictive covenants that are commonly picked up during conveyancing in Bordon?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Bordon. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Bordon is the location of the property. Can you offer any guidance?
Flying freeholds in Bordon are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bordon you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bordon may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Is it possible to swap firm as I have to retain a firm on the Birmingham Midshires conveyancing list. I was using a local conveyancing solicitor in Bordon round the corner but she is not accepted by Birmingham Midshires
It would be our pleasure to help you find a conveyancing solicitor in Bordon on the Birmingham Midshires panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Bordon. In making use of the find a conveyancing solicitor tool on this site, you can scrutinise fees for conveyancing solicitors in Bordon and beyond.
Having had my offer accepted I require leasehold conveyancing in Bordon. Before diving in I want to be sure as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and 99.9% are in Bordon - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a basement flat in Bordon, conveyancing formalities finalised in 2006. How much will my lease extension cost? Equivalent flats in Bordon with an extended lease are worth £202,000. The average or mid-range amount of ground rent is £60 levied per year. The lease finishes on 21st October 2082
With 57 years unexpired we estimate the price of your lease extension to span between £28,500 and £33,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.