Is it realistic for conveyancing in Farnborough to be completed in under a month?

First, If the seller is applying time constraints for your conveyancing it is highly recommended that your lawyer is familiar with the location as they will have local relationships and knowledge. It is even conceivable that they would have handled otherhouses in the same road. Therefore consider using a Farnborough conveyancing solicitor. In addition, be sure that the conveyancing firm is on the on the approved list for your mortgage company. It is said that 18% of Farnborough conveyancing transactions are frustrated or jeopardised after finding out that a buyer’s solicitor was not on their mortgage lender’s list of approved solicitors. This can often result in the home move being frustrated by as much as 21 days. It is believed that this issue affects in the region of one hundred thousand home moves annually. Almost all Farnborough conveyancing firms can not act for certain lenders so do check at the outset.

I am buying a property in Farnborough. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Kent Reliance be concerned?

As you are obtaining a mortgage with Kent Reliance your lawyer must follow the formal requirements outlined in Part two of UK Finance Lenders’ Handbook for Kent Reliance. The Council of Mortgage Lenders’ Handbook stipulates minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to Kent Reliance where a lease fails to satisfy these specifications. The provisions relate to the installation of panels on properties in England and Wales and is not restricted to Farnborough.

I am expecting a DIP from Coventry BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Coventry BS recommend any Farnborough solicitors on the Coventry BS conveyancing panel, or is it better to go independently?

You will need to appoint Farnborough solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.

About to purchase maisonette in Farnborough. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Farnborough lawyer is on the Lloyds conveyancing panel.

Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Farnborough is where the house is located. Is there any advice you can impart?

Flying freeholds in Farnborough are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Farnborough you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Farnborough may ascertain 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.

I am downsizing from my house. My previous conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Farnborough if that makes a difference.

Do use our search tool to help you find a solicitor for your conveyancing in Farnborough. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.

I am tempted by the attractive purchase price for a two flats in Farnborough both have in the region of forty five years unexpired on the leases. Do I need to be concerned?

There are plenty of short leases in Farnborough. The lease is a right to use the premises for a period of time. As the lease shortens the marketability of the lease reduces and it becomes more expensive to acquire a lease extension. This is why it is often a good idea to increase the term of the lease. More often than not it is difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We advise that you seek professional help from a solicitor and surveyor with experience in this area.

I bought a ground floor flat in Farnborough, conveyancing having been completed in 2003. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Farnborough with an extended lease are worth £206,000. The ground rent is £45 yearly. The lease ends on 21st October 2091

With 66 years unexpired we estimate the premium for your lease extension to range between £11,400 and £13,200 plus costs.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.