We are buying a flat in Billesdon. It might be a silly question but how we can trust a conveyancer? On the day of competition we will need to put money into their account. What is the protection we have from them run away with our deposit?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

Have just purchased a repossessed house at auction in Billesdon. Conveyancing is required. What is next?

Having exchanged you should retain a conveyancing solicitor as a matter of priority as you will have a tight a drop dead date to complete the purchase. Every auction property will have an associated auction pack. This will include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the auction papers should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You need to hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that you have funds in place to complete the transaction on the set completion date.

We had appointed conveyancers with offices in Billesdon on the UBS solicitor approved list. They have just billed me a separate amount for the legal aspects of the UBS mortgage. Is this a supplemental conveyancing fee specified by UBS?

Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your conveyancer can charge a fee for this. This fee is not dictated by UBS but by your Billesdon solicitor. Numerous firms on the UBS panel will quote ’dealing with mortgage’ fee but many practices incorporate it on their overall fee.

I have been on the look out for a ground for flat up to £235,500 and found one close by in Billesdon I like with open areas and station nearby, however it only has 51 remaining years left on the lease. There is not much else in Billesdon for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?

Should you need a home loan the shortness of the lease will likely be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.

I am looking into buying my first house which is in Billesdon and I am already nervous. I couldn't find anything specific about Billesdon. Conveyancing will be needed in due course but do you know about the Billesdon area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Billesdon. In the meantime here are some basic statistics that we found

I am a negotiator for a busy estate agency in Billesdon where we have witnessed a few leasehold sales put at risk due to short leases. I have been given conflicting advice from local Billesdon conveyancing solicitors. Please can you confirm whether the seller of a flat can start the lease extension process for the purchaser on completion of the sale?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Leasehold Conveyancing in Billesdon - Examples of Questions you should ask before Purchasing

Who takes charge for maintaining and repairing the block? Its a good idea to find out as much as you can concerning the company managing the building as they will either make life much easier or much more difficult. Being a leasehold owner you are frequently in the clutches of the managing agents from a financial perspective and when it comes to daily matters such as the tidiness of the communal areas. Enquire of other tenants what they think of them. On a final note, be sure you know the dates that the service charges are due to the appropriate party and precisely what you get for your money.

Do lenders provide you with an approved list of Billesdon solicitors? How do you know who is on the lender conveyancing panel?

Billesdon firms and firms conducting conveyancing in Billesdon themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the bank directly.