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Find a Great Linford Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Great Linford conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Great Linford

I own a freehold residence in Great Linford yet invoiced for rent, why is this and what is this?

It’s unusual for properties in Great Linford and has limited impact for conveyancing in Great Linford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.

Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.

Please help - my lawyer advises that flying freehold insurance is required on my purchase. What is the level of cover for Great Linford conveyancing?

The right level of flying freehold indemnity insurance should be dictated by who who your lender is. It would differ for example between Santander and Norwich and Peterborough Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.

I have today made my last payment due on my mortgage with Principality. I assume I don't need a Great Linford lawyer on the Principality panel to discharge the mortgage at the Land Registry. Please confirm.

If you have finished paying off your Principality mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Principality mortgage from the register. Principality, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:

  1. but are not moving to another property
  2. where Principality has sent the Land Registry the discharge electronically, and
  3. Principality has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Principality mortgage has been paid off.

I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Great Linford building society branch on a couple of occasions and was told they are content with the situation and they will lend. My Great Linford conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they will not lend in accordance with their published requirements. Who do I believe?

Your lawyer has to comply with the Council of Mortgage Lenders’ Handbook section two provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

I am looking for a leasehold apartment up to £195,000 and found one close by in Great Linford I like with a park and station in the vicinity, however it only has 49 years on the lease. I can't really find anything else in Great Linford suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?

Should you need a home loan the shortness of the lease will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.

In searching the internet for the term on line conveyancing in Great Linford it shows results of many property lawyerslocally. With so much choice what is the best way to find the suitable solicitor for purchase transaction?

The preferential way of seeking a suitable conveyancer is through a trusted referral, so ask friends and family who have acquired a property in Great Linford or a reputable estate agent or mortgage broker. Costs for conveyancing in Great Linford vary, so it's advisable to secure at least four fee estimates from varying types of companies. Dont forget to clarify that the charges are assured not to increase.

Helen (my wife) and I may need to rent out our Great Linford garden flat for a while due to a new job. We instructed a Great Linford conveyancing firm in 2004 but they have closed and we did not have the foresight to get any advice as to whether the lease allows us to sublet. How do we find out?

A lease governs the relationship between the landlord and you the flat owner; specifically, it will say if subletting is banned, or permitted but only subject to certain caveats. The rule is that if the lease contains no specific ban or restriction, subletting is permitted. The majority of leases in Great Linford do not contain strict prohibition on subletting – such a provision would adversely affect the market value the flat. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a copy of the sublease.

I acquired a garden flat in Great Linford, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Great Linford with an extended lease are worth £211,000. The ground rent is £45 invoiced every year. The lease expires on 21st October 2090

With only 67 years unexpired we estimate the premium for your lease extension to range between £10,500 and £12,000 plus plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.

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Find out more about how flying freehold can affect your the value of a property.