What is the first thing I need to know about purchase conveyancing in Stoke Poges?

Not many law firms shout this from the rooftops but conveyancing in Stoke Poges and elsewhere in England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists plenty of opportunity for confrontation between you and others involved in the ownership transfer. E.g., the vendor, selling agent and even potentially the bank. Appointing a law firm for your conveyancing in Stoke Poges should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the legal process whose role it is to look after your best interests and to protect you.

We are witnessing a distinct ongoing adversarial element to conveyancing- someone has to be blamed for the process being so protracted. You should always trust your lawyer ahead of the other parties when it comes to the legal transfer of property.

I'm buying my first flat in Stoke Poges with a loan from Santander. The developers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not inform my solicitor about this extras as it would put at risk my loan with Santander. Is this normal?.

All lenders require a Disclosure of Incentives Form from the builder 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 opted to have a survey done on a property in Stoke Poges ahead of instructing lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some banks tend refuse to give a mortgage on a flying freehold home.

It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to telephone us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stoke Poges. Conveyancing may be slightly more expensive based on your lender's requirements.

What tools are available to locate a Stoke Poges law firm on the Halifax conveyancing panel? I have wheels and am happy to travel upto 20kilometers to meet the conveyancer.

Feel free to make use of the facility on this website. Please select a bank and your location and you will see a number of Stoke Poges conveyancing lawyers located nearest you. We have listed some Stoke Poges conveyancing firms towards the end of this page and you can call them to see if they are on the Halifax panel

Are there frequently found problems that you witness in leases for Stoke Poges properties?

Leasehold conveyancing in Stoke Poges is not unique. All leases are individual and drafting errors can sometimes mean that certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:

A duty to insure the building

You will encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. National Westminster Bank, Bank of Scotland, and TSB 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 purchaser to pull out.

I own a garden flat in Stoke Poges, conveyancing formalities finalised in 2005. Can you work out an approximate cost of a lease extension? Similar flats in Stoke Poges with over 90 years remaining are worth £186,000. The ground rent is £55 invoiced every year. The lease finishes on 21st October 2077

With only 52 years remaining on your lease we estimate the premium for your lease extension to span between £29,500 and £34,000 plus costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.