We were about to retain a conveyancing solicitor in Boxmoor found using your search tool but stumbled across alternative fee calculations on the internet look cheaper – how come?

There are plenty of conveyancers marketing at first sight what seems to be very low prices. We would encourage you to think long and hard about how important this transaction is to you that you are willing to be penny wise pound foolish over the quality of the conveyancing. Some embed additional charges deep into the terms of business. The conveyancers that we list for conveyancing in Boxmoor will notbehave this way.

I am considering applying for a HSBC mortgage for purchase of a newly converted (under development) in Boxmoor with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for HSBC ?

In theory, you could use a solicitor that is not on the HSBC conveyancing panel, but HSBC would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.

Despite weeks of looking the Title Certificate and documents to my house are lost. The lawyers who handled the conveyancing in Boxmoor 5 years ago no longer exist. What are my next steps?

You no longer need to have the physical official documentation to prove you are the owner of your registered land or property, given that the Land Registry have everything they need in a digital format.

I am attracted to a couple of maisonettes in Boxmoor both have in the region of fifty years remaining on the lease term. Should I regard a short lease as a deal breaker?

There is no doubt about it. A leasehold flat in Boxmoor is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. The majority of buyers and lenders, leases with less than 75 years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Boxmoor conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Boxmoor Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to buying

Is the freehold owned collectively by the tenants? Does this lease have in excess of 80 years remaining? Does the lease include onerous restrictions?

What type of premises does your Boxmoor conveyancing quotes relate to?

Our conveyancing quotes are only appropriate to standard residential premises in England & Wales. If you have any different requirements such as industrial or agricultural land or commercial conveyancing in Boxmoor please telephone us to consider your requirements .