My property lawyer in Chalfont St Peter is not on the Barclays Approved Panel. Can I still continue with my family solicitor even though they are excluded from the Barclays panel of approved conveyancing solicitors?
The limited options open to you here include:
- Carry on with your existing Chalfont St Peter lawyers but Barclays will need to instruct a solicitor on their panel. This will inevitably rack up the overall legal fees as well as cause frustration.
- Choose an alternative solicitor to act in the purchase, obviously checking they are Persuade your solicitor to do everything within their powers to join the Barclays conveyancing panel
I'm buying my first flat in Chalfont St Peter benefiting from help to buy. The developers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not to tell my lawyer about the extras as it may jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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 have been on the look out for a ground for flat up to £305k and identified one round the corner in Chalfont St Peter I like with amenity areas and railway links nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Chalfont St Peter suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan the remaining unexpired lease term will be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
Can you offer any advice when it comes to finding a Chalfont St Peter conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Chalfont St Peter conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with several firms including non Chalfont St Peter conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be helpful:
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How experienced is the firm with lease extension legislation? If they are not ALEP accredited then why not?
I have tried to negotiate informally with with my landlord to extend my lease without success. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Chalfont St Peter conveyancing firm to represent me?
You certainly can. We can put you in touch with a Chalfont St Peter conveyancing firm who can help.
An example of a Lease Extension case for a Chalfont St Peter property is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case related to 3 flats. The remaining number of years on the lease was 71 years.
Our conveyancing in Chalfont St Peter is completing this Friday, however the couple I am purchasing off wants to move out the next day at at 2pm. Do I agree to this?
If you require a bank loan then your solicitor will require that you have vacant possession on Friday - the lending institution will require it.