Can you point me to a directory of Yorkshire BS panel conveyancers in Egham on the Building Society Association’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings available over the internet. If you are in need of a Egham solicitor on the Yorkshire BS please use our facility.
I am expecting a AIP from UBS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do UBS recommend any Egham solicitors on the UBS conveyancing panel, or is it better to go independently?
You will need to appoint Egham solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I have finally had an offer on a flat in Egham agreed to, the sellers do nevertheless have a dependent purchase. The vendors have put an offer on somewhere, but it’s not yet tied up, and are looking at other properties booked. I have instructed a local conveyancing solicitor in Egham. What should be my next step? At what point should I apply for the mortgage with Co-operative?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then survey, Egham conveyancing search costs, etc). The first course of action is to ensure that your property lawyer is on the Co-operative conveyancing panel. Concerning the next stages this very much depends on the specifics of your case, attraction to the property and on the state of the market. During a rising market the majority of purchasers will apply for the mortgage with Co-operative and pay for the valuation and only if it was satisfactory would they request their conveyancer to proceed with the conveyancing in Egham.
A friend suggested that if I am buying in Egham I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Egham conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Egham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Egham Education with maps and statistics, Local Amenities and other useful data concerning Egham.
It has been 2 months since my purchase conveyancing in Egham concluded. I have checked the Land Registry site which shows that I paid £175,000 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 premises 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.
Due to the guidance of my in-laws I had a survey completed on a house in Egham before instructing solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some lenders will not give a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. Should you wish to call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Egham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Egham to see if the conveyancing costs will increase in light of this.
We own a leasehold flat in Egham. Conveyancing was finished in five years ago. I have heard that I should not allow the lease length get too low. Is this right?
Egham domestic long term leases are for a prescribed period - often just under one hundred years when they started. However a significant appartments in Egham were constructed or converted 35 or more years ago and so such leases now have under 80 years remaining. This may sound like plenty of time but Banks, Building Societies and other mortgage institutions generally need leases to have a minimum of 75 years remaining to adequate security. Accordingly when you come to sell the property you will need a lease extension if you are nearing seventy five years. To enhance your property value you should be considering whether to extend your lease long before you come to sell it. There are also strong financial reasons to taking action before the lease reaches even 80 years as when the lease is below eighty years the premium to be paid to extend starts to escalate.