Various web forums that I have visited warn that are the primary reason for hinderance in Winterbourne conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of holding up conveyancing in Winterbourne.
I used Action Conveyancing a few years past for my conveyancing in Winterbourne. Now, I need the files however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Winterbourne of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the input of my in-laws I had a survey completed on a property in Winterbourne before appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies may refuse to grant a loan on such a house.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Winterbourne. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I better off to choose a Winterbourne conveyancing practitioner who is local to the property I am hoping to buy? We have a good friend who can deal with the legal work however his firm is located 200kilometers drive away.
The primary upside of using a high street Winterbourne conveyancing firm is that you can drop in to sign paperwork, deliver your ID and apply pressure on them where appropriate. They will also have local insight which is a bonus. However it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and on the whole were impressed that should surpass using an unknown Winterbourne conveyancing lawyer just because they are Winterbourne based.
I am in need of some leasehold conveyancing in Winterbourne. Before I get started I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and most are in Winterbourne - then the leasehold title will always include the short particulars 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 acquired a 1 bedroom flat in Winterbourne, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Winterbourne with an extended lease are worth £197,000. The ground rent is £55 invoiced every year. The lease ends on 21st October 2080
With only 55 years remaining on your lease we estimate the price of your lease extension to be between £31,400 and £36,200 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.