I am hoping to receive a mortgage with Lloyds. I intend to use a Licensed Conveyancer in Finchampstead. Does the Lloyds Conveyancing panel include conveyancers regulated by the CLC?

The Lloyds approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.

Me and my partner are about to complete buying a property in Finchampstead but as a consequence of damage from a small fire at the property I have was able negotiate compensation from the seller in the sum of three thousand pounds taking the form of a reduction in the price. I had intended this to be addressed as part of amending the contract but HSBC will not agree to this. Should they have been involved?

The property lawyer being on the HSBC conveyancing panel is duty bound to disclose to HSBC of any variations to the sale price. If you were to refuse your lawyer to report the price change to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new lawyer for your conveyancing in Finchampstead.

It has been four months since my purchase conveyancing in Finchampstead completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Just had an offer accepted on a new build flat in Finchampstead. 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.

Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Finchampstead

Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. 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.

Having checked my lease I have discovered that there are only 72 years remaining on my flat in Finchampstead. I need to get lease extension but my freeholder is absent. What should I do?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to prove that you have used your best endeavours to locate the lessor. For most situations an enquiry agent may be helpful to carry out a search and to produce a report which can be used as proof that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s absence and the application to the County Court covering Finchampstead.

Leasehold Conveyancing in Finchampstead - Examples of Queries before Purchasing

Please note that where the lease has fewer than 80 years it will impact the marketability of the flat. Check with your lender that they are content with the length of the lease. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of how much this will be. For most Finchampsteadlease extensions you would need to own the residence for a couple of years in order to be legally able to exercise a lease extension. Many Finchampstead leasehold properties will have a service charge for maintenance of the block invoiced by the freeholder. If you buy the apartment you will have to meet this amount, normally quarterly during the year. This can be anything from several hundred pounds to thousands of pounds for large purpose-built buildings. In all likelihood there will be a rentcharge to be met yearly, ordinarily this is not a exorbitant sum, say around £25-£75 but you need to enquire it because sometimes it can be prohibitively expensive.