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Find a Buckinghamshire Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Buckinghamshire

My previous conveyancer has quoted £1150 for freehold conveyancing in Buckinghamshire. I’m selling a Victorian house for £250,000. This sounds overpriced. Is it above the norm for conveyancing in Buckinghamshire?

The estimate does seem marginally steep. If you shop around you could trim some of the expense by perhaps a hundred pounds. On the other hand, you mightcome to rue opting for an an unknown lawyer. Don't forget to check that the conveyancer can act for your bank. Do make use of our search tool to find a Buckinghamshire conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in Buckinghamshire.

I am under pressure from the owner of a property in Buckinghamshire to exchange within four weeks. What can be done to quicken up the conveyancing process?

Where the seller is applying pressure for your conveyancing it is advisable to make sure that your solicitor is familiar with the area as they will benefit local relationships and know-how. It is possible that they could have conducted otherhomes in the same street. You would be best advised to use a Buckinghamshire conveyancing lawyer. In addition, double check that the conveyancing firm is on the lender panel. It is understood that 18% of Buckinghamshire conveyancing transactions are delayed or jeopardised after discovering a buyer’s lawyer was not on their mortgage lender’s panel. In many cases this discovery resulted in the home move being frustrated by an average of three weeks. It is understood that this issue affects approximately one hundred thousand home sales annually. Most Buckinghamshire conveyancing practices can not act for certain lenders so do check as early as possible.

I am about to put an offer on a leasehold apartment in Buckinghamshire. The property agents say that it is normal for flats in Buckinghamshire to have less than 75 years left on the lease. I am expecting a mortgage with Nationwide Building Society. Will the property be mortgageable given that the lease has 72 years to go.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 7/12/2019 the requirements read as follows :

- Our minimum unexpired lease term is 55 years.
- There must be at least 30 years remaining at the end of the mortgage term (regardless of the length of lease at the start).

Ground Rents and event fees must be reasonable at all times during the term of the lease. If you’re unsure as to whether the terms of a lease are unreasonable or onerous, please refer the details to us for Valuer consideration. See the guidance below.

SECOND HAND PROPERTIES

Unacceptable - advise Issuing Office (Will be declined):
- Unexpired lease term <55 years
- <30 years remaining at the end of the mortgage term
- Ground Rent >0.5% of the property value
- Ground Rent doubles <every 20 years (e.g. doubles every 5, 10 or 15 years)
- Ground Rent is compounded RPI
- Ground Rent review period ≤5 years

Refer to Issuing Office (Valuer will consider any impact on valuation figure and marketability):
- Unexpired lease term is 55 to 85 years
- Ground Rent >0.1% and ≤0.5% of the property value
- Ground Rent escalation is linked to any indices greater than RPI
- Ground Rent escalation is linked to the value of the building*
- Ground Rent review period is >5 and <10 years
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial, etc
- Estate Rent Charges >£500 p/a (please provide details of what the charges cover)
- Service Charges >0.5% of property value p/a (please provide details of what the charges cover)
- Anything that appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Issuing Office):
- Unexpired lease term >85 years
- Ground Rent ≤0.1% of the property value
- Ground Rent review period ≥10 years
- Ground Rent escalation ≤RPI

NEW BUILD PROPERTIES (includes office conversions)

Unacceptable - advise Issuing Office (Will be declined)
- Unexpired lease term <125 years on a new build flat or <250 years on a new build house (does not apply to Shared Ownership)
- Starting Ground Rent >0.1% of the property value
- Ground Rent review period ≤ 5 years
- Ground Rent doubles < every 20 years (e.g. doubles every 5, 10 or 15 years)
- Ground Rent is compounded RPI

Refer to Issuing Office (Valuer will consider any impact on valuation figure and marketability):
- Ground Rent is linked to any indices greater than RPI
- Ground Rent is linked to the value of the building*
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial etc
- Estate Rent Charges >£500 p/a (please provide details of what the charges cover)
- Service Charges >0.5% of property value p/a (please provide details of what the charges cover)
- Anything else appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Issuing Office):
- Unexpired lease term ≥125 years on a new build flat or ≥250 years on a new build house
- Starting Ground Rent ≤0.1% of the property value
- Ground Rent review period >5 years
- Ground Rent escalation ≤RPI

* Where the Ground Rent escalation is linked to the value of the building, please provide the following:
- How is the value of the block/unit currently calculated and if the assessment relates to the block(s), how is the Ground Rent calculated/apportioned per property?
- The current valuation and Ground Rent for each unit
- What is the mechanism for future valuations of the block and how is the Ground Rent calculated/apportioned?
- What is the right of appeal? And is this a documented process within the lease?
- Who bears the cost of the valuation (and appeal) process?
- Confirmation the review period is not less than twenty years

Forgive me if this question is silly but I am unexperienced as a 1st time buyer of a two bedroom flat in Buckinghamshire. Do I receive the keys to the property on the completion date from my solicitor? If so, I will find a local conveyancing solicitor in Buckinghamshire?

On the day of completion you do not need to go to the conveyancers office in Buckinghamshire. Your solicitors will arrange to send the completion advance to the owner’s conveyancers, and once they have received this, you should be called to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.

Does a directory service exist listing Yorkshire BS panel solicitors in Buckinghamshire on the Council of Mortgage Lender’s Website?

No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings viewable over the internet. If you are in need of a Buckinghamshire conveyancer on the Yorkshire BS please use our tool.

I recently had an offer accepted on an apartment in Buckinghamshire. My mortgage broker suggested a conveyancing practitioner. I paid an on account payment of £225. A couple of days later, the conveyancing practitioner contacted me embarrassingly acknowledging that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

A friend advised me that where I am buying in Buckinghamshire I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is usually quoted for as part of the standard Buckinghamshire conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Buckinghamshire 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 Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data regarding Buckinghamshire.

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