In the event thatI were to purchase a straightforward propertyin Buckinghamshire for cash and have no survey and no local authority searches how much would I expect to to save on my conveyancing in Buckinghamshire?
Any savings you would make would be isolated to the costs for searches. A lawyer still got to do everything else - money laundering, communicating with your sellers property lawyer, stamp duty return, register the ownership etc. A slight saving might be made by not needing to register a charge however it won't be a lot.
We note that you have a search directory listing solicitors on the Aldermore conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Buckinghamshire?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Buckinghamshire.
What is the best way to check that the solicitor conducting my conveyancing in Buckinghamshire is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Skipton Building Society thus paying £187.00 plus VAT in supplemental conveyancing fees.
Please do take advantage of the find a conveyancing panel solicitor tool on this site. Please choose the lender and type ‘Buckinghamshire’ or your preferred area and you will see numerous solicitors based in Buckinghamshire or by proximity to you.
Should our lawyer be making enquiries about flooding as part of the conveyancing in Buckinghamshire.
The risk of flooding is if increasing concern for solicitors dealing with homes in Buckinghamshire. There are those who purchase a house in Buckinghamshire, fully aware that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Lawyers are not best placed to offer advice on flood risk, but there are a various searches that may be undertaken by the purchaser or by their lawyers which will figure out the risks in Buckinghamshire. The standard property information forms sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the owner to determine whether the property has historically flooded. If the property has been flooded in past which is not disclosed by the owner, then a purchaser may issue a legal claim for losses stemming from an incorrect reply. The buyer’s solicitors should also commission an environmental search. This should indicate if there is a recorded flood risk. If so, more detailed inquiries should be made.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one close by in Buckinghamshire I like with amenity areas and station nearby, however it's only got 52 years unexpired on the lease. I can't really find anything else in Buckinghamshire in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease will likely be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.