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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 transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Great Linford

The Great Linford conveyancing firm handling our Great Linford conveyancing has spotted a difference between the assumptions in the valuation report and what is revealed within the conveyancing documents. My lawyer informs me that he is obliged to check that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s stance appropriate?

Your lawyer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

I acquired my house on 9 July and the transaction details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Great Linford advises it should be concluded inside ten days. Are transfers in Great Linford particularly slow to register?

There is nothing unique when it comes to conveyancing in Great Linford registration formalities. As opposed to being determined by geographic area, timeframes can differ according to who lodges the application, whether it is in order and whether the Land registry must send notices to any interested persons or bodies. Currently in the region of three quarters of such applications are fully addressed in less than three weeks but some can be subject to protracted delays. Registration takes place once the purchaser is living at the property thus an expedited registration is not always top priority but if it is urgent that the the registration takes place urgently then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.

Due to the guidance of my in-laws I had a survey completed on a property in Great Linford prior to instructing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some lenders tend not grant a loan on such a property.

It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. If you e-mail us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Great Linford. Conveyancing may be slightly more expensive based on your lender's requirements.

Given that I am about to part with over three hundred thousand on a house in Great Linford I wish to have a conversation with the solicitor regarding thetransaction in advance of giving the go ahead to the firm. Is this something that you can arrange?

We could not agree more - we would be pleased to talk to you we do not take any clients on without you liaising with the conveyancer due to be carrying out your property ownership legalities in Great Linford.There is no ‘factory style conveyancing’ - each client is an important person, not a matter number. The solicitors that we put you in touch with believe that the figure you are provided with for residential conveyancing in Great Linford should be the figure that you are charged.

Can you provide any top tips for leasehold conveyancing in Great Linford with the purpose of saving time on the sale process?

  • Much of the delay in leasehold conveyancing in Great Linford can be reduced where you get in touch lawyers the minute your agents start advertising the property and ask them to put together the leasehold information needed by the purchasers’ lawyers.
  • Some Great Linford leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers obtain bank and professional references. The bank reference should make it clear that the buyer is able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers. If you hold a share in a the freehold, you should make sure that you hold the original share certificate. Arranging a re-issued share certificate can be a time consuming formality and frustrates many a Great Linford home move. Where a new share certificate is needed, do contact the company director and secretary or managing agents (if relevant) for this at the earliest opportunity. You believe that you know the number of years left on your lease but you should double-check by asking your solicitors. A purchaser's conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the lease term is less than 75 years. It is therefore essential at an early stage that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale.

Great Linford Conveyancing for Leasehold Flats - Examples of Queries Prior to buying

    The answer will be important as a) areas could cause problems for the building as the common areas may begin to deteriorate where maintenance remain unpaid b) if the leaseholders have an issue with the managing agents you will want to have complete disclosure The prefered form of lease structure is if the freehold title is owned by the leaseholders. In this scenario the tenants enjoy being in charge if their destiny and although a managing agent is frequently employed if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves. How long is the Lease?

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