We have rather pushy sellers who has recommended a preliminary contract with a payment two thousand pounds. Are such contracts generally advanced for Buckinghamshire conveyancing transactions?

There are two primary drawbacks with signing a lock out agreement (also referred to as an exclusivity agreement) is that it diverts attention away from making progress with the conveyancing transaction itself, so unless it requires limited or no negotiation then it could transpire to be unhelpful. It is not strongly advocated by Buckinghamshire conveyancing solicitors for this reason. The other main issue is the extent of the remedies available - a jilted purchaser should not expect to obtain injunctive relief to prevent the vendor disposing of the property to a third party, so the only remedy available under the contract will be the reimbursement of wasted charges and, in restricted circumstances, the extra payment of damages.

I am buying a new build flat in Buckinghamshire. Can I do my own conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Buckinghamshire you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Buckinghamshire.

Are there restrictive covenants that are commonly identified during conveyancing in Buckinghamshire?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Buckinghamshire. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

What makes your site different to alternative online quote calculators for conveyancing in Buckinghamshire?

At this site secure an accurate quote via a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Buckinghamshire. Unlike many estate agents and brokerage sites we are not in the business of charging firms a commission if you instruct them for your property ownership legalities in Buckinghamshire

Do you have any top tips for leasehold conveyancing in Buckinghamshire from the perspective of expediting the sale process?

• A significant proportion of the frustration in leasehold conveyancing in Buckinghamshire can be reduced where you instruct lawyers the minute you market your property and request that they start to put together the leasehold information which will be required by the buyers’ conveyancers.
You may think that you are aware of the number of years left on your lease but you should verify this via your solicitors. A buyer’s conveyancer will be unlikely to recommend their client to to exchange contracts if the lease term is less than 75 years. It is therefore essential at an early stage that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. A minority of Buckinghamshire leases require Licence to Assign from the landlord. If this is the case, it would be prudent to place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers. If there is a history of conflict with your freeholder or managing agents it is very important that these are resolved before the property is put on the market. The purchasers and their solicitors will be warry about purchasing a flat where a dispute is unresolved. You may have to bite the bullet and pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to present the dispute as historic as opposed to unresolved. If you are supposed to have a share in the Management Company, you should make sure that you have the original share document. Organising a replacement share certificate is often a lengthy process and delays many a Buckinghamshire home move. Where a reissued share certificate is needed, you should approach the company officers or managing agents (if relevant) for this at the earliest opportunity.

I invested in buying a leasehold flat in Buckinghamshire, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Buckinghamshire with over 90 years remaining are worth £180,000. The ground rent is £65 per annum. The lease expires on 21st October 2083

With just 59 years left to run we estimate the price of your lease extension to span between £20,900 and £24,200 as well as costs.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.