I am buying a leasehold flat in Addlestone. My Solicitor is not on the bank approved panel. Is it possible for me to appoint my Addlestone conveyancing solicitor notwithstanding that they are not on the bank list of approved lawyers?

One will need to have a conveyancing practitioner to complete the legal work required if you take out a loan to buy your property. They will conduct all the appropriate investigations on the property, make sure that you’re properly registered as the owner and ensure that all the required mortgage documentation is dealt with. One may select a Addlestone conveyancing practitioner of your choice. However, if the conveyancing practitioner appointed is not on the bank approved list supplemental fees will be levied as separate legal representation will be required by them. Conveyancing panel applications may be submitted, so where your conveyancer has not historically applied for membership they can do so.

Just had an offer accepted on a new build apartment in Addlestone. 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 legal work.

Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Addlestone

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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. There must be mutual enforceability of lessee’s covenants. 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.

I need to find a conveyancing solicitor for residential conveyancing in Addlestone. I have land on a site which appears to be the ideal solution If there is a chance to get all this stuff completed via email that would be preferable. Should I be concerned? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I have recently realised that I have 62 years remaining on my flat in Addlestone. I now wish 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 submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. However, you will be required to prove that you or your lawyers have used your best endeavours to find the landlord. On the whole an enquiry agent should be helpful to try and locate and to produce an expert document which can be used as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Addlestone.

I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Addlestone conveyancing firm to act on my behalf?

if there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to calculate the price.

An example of a Lease Extension case for a Addlestone flat is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case was in relation to 1 flat. The remaining number of years on the lease was 82.93 years.

We own a leasehold flat in Addlestone. Conveyancing was finalised in 21012. I have read on various consumer forums that I should not allow the the remaining lease term to get too low. What is the reasoning?

Addlestone leasehold properties are for a set term - often ninety nine years when they started. However a significant appartments in Addlestone were constructed or converted in the 60’s and so such leases now have under eighty years unexpired. This may seem like a long time but Banks, Building Societies and other mortgage lenders generally need leases to have at least seventy five years left to be mortgageable. Accordingly when you come to sell the property you will need a lease extension if you are getting close to eighty years. To increase your property value you should be thinking about whether or not to extend your lease long before you come to sell it. There are also significant benefits to taking action before the lease reaches even eighty years as when the lease falls below 80 years the amount to be paid to extend starts to increase.