How do I search for the right solicitor to give a high level service for my conveyancing in Stokenchurch?

Option 1 is to ask relatives whom they would seek assistance from.

Second, search the web for conveyancing in Stokenchurch. Pick up the phone to a couple or more firms listed and request that they forward you their conveyancing costs illustrations and discuss your needs with the solicitor who will oversee the conveyancing prior tomaking your choice.

Option 3 is to make use of our search tool to assist you in finding the right solicitors taking into account your individual expectations including the type of property,timings, complexity and who your intended lender is. Don't take the bait of low cost conveyancing in Stokenchurch

We're in Stokenchurch, First timers buying with a mortgage (lender is Santander , and our solicitor is on the Santander conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Santander conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

My lawyer has informed me that lack of building regulations insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Stokenchurch?

The right level of lack of building regulations indemnity insurance depends on your lender. It would differ for example between Yorkshire Building Society and Virgin Money. Conveyancing practitioners as opposed to members of the public take out such policies.

Are all Stokenchurch Conveyancing Quality Solicitors on the Nottingham conveyancing list of approved practices?

A selection of banks and building societies now make use of the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.

I am buying a property in Stokenchurch. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Yorkshire BS be concerned?

Given that your lender is Yorkshire BS your lawyer must check the formal requirements contained in Part 2 of UK Finance Lenders’ Handbook for Yorkshire BS. The Council of Mortgage Lenders’ Handbook includes minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Yorkshire BS where a lease fails to comply with these specifications. The conditions relate to the installation of panels on properties in England and Wales and is not isolated to Stokenchurch.

What advice can you give us when it comes to choosing a Stokenchurch conveyancing practice to carry out our lease extension conveyancing?

If you are instructing a solicitor for lease extension works (regardless if they are a Stokenchurch conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Stokenchurch conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:

How experienced is the firm with lease extension legislation?

I inherited a split level flat in Stokenchurch, conveyancing was carried out 4 years ago. Can you work out an approximate cost of a lease extension? Similar flats in Stokenchurch with over 90 years remaining are worth £176,000. The ground rent is £50 levied per year. The lease terminates on 21st October 2104

With just 80 years remaining on your lease we estimate the price of your lease extension to be between £8,600 and £9,800 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.

I am short of a 10% deposit on my flat purchase in Stokenchurch , but I am keen proceed. Do I have options?

One option is to try and accept a lesser deposit. Most sellers will accept a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second