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Find a Chalfont St Giles Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Chalfont St Giles conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Chalfont St Giles

I can't travel far from Chalfont St Giles. Is there a reason why all Chalfont St Giles property lawyers are not on all lender panels?

Pre- 2008 most lenders displayed an approach to risk which differs from the current day. The financial regulator in 2010 instigated a thematic review into property fraud which concluded: know the property lawyers on your panel. As a result, lenders have subsequently requiredmore information from law firms concerning their operations and the individuals who work for them and set certain criteria such as completing a minimum amount of transactions. Hundreds of law practices have found themselves excluded from lender panels even though they had 100% healthy disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms were never going to satisfy the criteria of volume of transactions the lenders insisted on.

We note that you have a post code search directory identifying firms on the Aldermore conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Chalfont St Giles?

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 Chalfont St Giles.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Chalfont St Giles. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Chalfont St Giles

    Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.

Is it best to appoint a Chalfont St Giles conveyancing practitioner who is local to the property I am hoping to buy? We have a good friend who can carry out the legal work however her office is 300miles away.

The primary upside of using a high street Chalfont St Giles conveyancing practice is that you can attend the office to execute documents, hand in your identification documents and pester them where appropriate. They will also have local intelligence which is a plus. That being said it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and they were happy that must surpass using an unfamiliar Chalfont St Giles conveyancing lawyer just because they are Chalfont St Giles based.

Are there frequently found defects that you encounter in leases for Chalfont St Giles properties?

There is nothing unique about leasehold conveyancing in Chalfont St Giles. Most leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain clauses are erroneous. For example, if your lease is missing any of the following, it could be defective:

    Clauses dealing with recovering service charges for expenditure on the building or common parts.

A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, Virgin Money, and Barclays Direct all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to pull out.

Chalfont St Giles Leasehold Conveyancing - A selection of Questions you should consider before buying

    How much is the yearly maintenance fee and ground rent? The best form of lease arrangement is if the freehold title is in the ownership of the leaseholders. In this arrangement the tenants benefit from control and even though a managing agent is usually retained if it is bigger than a house conversion, the managing agent is directed by the tenants. Does the lease include onerous restrictions?

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