Find a Cuffley Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Cuffley

This question may be naive but I am unexperienced as FTB of a ground floor flat in Cuffley. Do I receive the keys to the house on the completion date from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Cuffley?

On the day of completion you will not be required to attend the conveyancers office in Cuffley. Your solicitors will arrange to send the completion advance to the vendor’s conveyancers, and shortly after the monies have arrived, you should be invited to pick up the keys from the Estate Agents and start moving into the property. Usually this happens between 1 and 3pm.

Is there a list of Lloyds panel conveyancers in Cuffley on the UK Finance Lenders’ Handbook Website?

Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings viewable on the web. Where you are in need of a Cuffley lawyer on the Lloyds please make the most of our tool.

Two weeks ago we had a mortgage agreed in principle with Nationwide. Cuffley conveyancing practitioners have been selected. What is the average time that one could expect to receive a mortgage offer from Nationwide?

Some lenders take longer than others. Have Nationwide done the valuation? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

I have been told that property searches are the main reason for obstruction in Cuffley house deals. Is that correct?

The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays during the legal transfer of property. Searches are not likely to feature in any delay in conveyancing in Cuffley.

How does conveyancing in Cuffley differ for newly converted properties?

Most buyers of new build residence in Cuffley approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is ready to move into. This is because developers in Cuffley usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Cuffley or who has acted in the same development.

What are the common problems that you witness in leases for Cuffley properties?

Leasehold conveyancing in Cuffley is not unique. Most leases are drafted differently and drafting errors can result in certain provisions are wrong. The following missing provisions could result in a defective lease:

    A provision to repair to or maintain parts of the building A duty to insure the building

You will encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Chelsea Building Society, and Bank of Ireland all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the purchaser to pull out.

I acquired a studio flat in Cuffley, conveyancing having been completed in 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Cuffley with over 90 years remaining are worth £180,000. The ground rent is £65 levied per year. The lease runs out on 21st October 2077

With just 58 years left to run the likely cost is going to be between £21,900 and £25,200 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.

There are a lot of properties in Cuffley on unadopted lanes. I am purchasing such a property. Are there any benefits to buying a house on a private road?

Cuffley conveyancing practices are used to conveyancing propertieson unadopted roads. Your conveyancer will review the title to identify any rights or liabilities. In many cases there is a management company (wholly owned by residents) that owners make annual contributions for the upkeep of the road. If one exists, the road should be maintained and look nicer than publicly adopted.

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