I am expecting a mortgage with Halifax. My intention is to instruct a Licensed Conveyancer in South Oxhey. Does the Halifax Conveyancing panel include conveyancers regulated by the CLC?

The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.

I am in the process of refinancing my property in South Oxhey, does my lawyer need to be on the Skipton Conveyancing panel?

There is nothing to stop you using your solicitor, but Skipton will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.

The estate agent has sent us the confirmation of our purchase of a new build flat in South Oxhey. Conveyancing is necessary evil 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 selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in South Oxhey

If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.

Due to the guidance of my in-laws I had a survey completed on a property in South Oxhey ahead of appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies will refuse to give a loan on a flying freehold home.

It varies from the lender to lender. Santander has different instructions for example to Nationwide. If you 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 South Oxhey. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in South Oxhey to see if the conveyancing costs will increase in light of this.

I am tempted by the attractive purchase price for a couple of apartments in South Oxhey both have in the region of forty five years unexpired on the leases. Will this present a problem?

There are plenty of short leases in South Oxhey. The lease is a right to use the premises for a period of time. As the lease shortens the marketability of the lease deteriorates and results in it becoming more expensive to acquire a lease extension. This is why it is generally wise to extend the lease term. It is often difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this field.

I own a a ground floor purpose built flat in South Oxhey. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the amount payable for the purchase of the freehold?

in cases where there is a missing landlord or where there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the amount due.

An example of a Lease Extension decision for a South Oxhey residence is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case related to 3 flats. The remaining number of years on the lease was 71 years.