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Find a Buckhurst Hill Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Buckhurst Hill? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Buckhurst Hill conveyancing at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Buckhurst Hill conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Buckhurst Hill

My conveyancer has uncovered a a legal deficiency with the lease for the apartment we are purchasing in Buckhurst Hill. The seller’s lawyers have put forward title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancing practitioner has advised that he must ensure that the bank is willing to move forward with this solution. Who is the client here, us or the bank?

The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the lender are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

My husband and I wish to acquire a 2 bedroom apartment in Buckhurst Hill with a loan from Godiva Mortgages Ltd.We have a Buckhurst Hill conveyancing solicitor but Godiva Mortgages Ltd informed us she’s not on their approved list of member firms. We have to appoint a Godiva Mortgages Ltd panel firm or retain our preferred solicitor and fork out for a Godiva Mortgages Ltd panel lawyer to represent them. We feel as though this is unjust; Can we not simply insist that Godiva Mortgages Ltd use our lawyer?

No, not really. The mortgage issued to you contains various provisions, a common one being that solicitors needs to be on the Godiva Mortgages Ltd approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Godiva Mortgages Ltd

I'm buying my first flat in Buckhurst Hill with a loan from Lloyds TSB Bank. The builders would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not to tell my conveyancer about the extras as it would affect my loan with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Buckhurst Hill is where the house is located. Can you shed any light on this issue?

Flying freeholds in Buckhurst Hill are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Buckhurst Hill you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Buckhurst Hill may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

Can you offer any advice when it comes to finding a Buckhurst Hill conveyancing firm to deal with our lease extension?

If you are instructing a solicitor for your lease extension (regardless if they are a Buckhurst Hill conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Buckhurst Hill conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be of use:

    Can they put you in touch with clients in Buckhurst Hill who can give a testimonial? How experienced is the firm with lease extension legislation?

I have given up negotiating a lease extension in Buckhurst Hill. Can this matter be resolved via the Leasehold Valuation Tribunal?

in cases where there is a missing landlord or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to judgment on the price.

An example of a Freehold Enfranchisement case for a Buckhurst Hill property is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case was in relation to 2 flats. The unexpired term as at the valuation date was 69.26 years.

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Neighbouring Locations

Chingford
Buckhurst Hill
Oakhill
Woodford
Woodford Green

Find out more about how flying freehold can affect your the value of a property.