I am thinking of refinancing my house in Stony Stratford, does my lawyer need to be on the Lloyds Conveyancing panel?

In theory, you could use a solicitor that is not on the Lloyds conveyancing panel, but Lloyds would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.

How does conveyancing in Stony Stratford differ for new build properties?

Most buyers of new build premises in Stony Stratford come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Stony Stratford usually acquire the site, 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 conveyancing solicitors 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 Stony Stratford or who has acted in the same development.

I have been pointed in your direction by a few property agents in Stony Stratford to get a quote from a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to offer your services ahead of alternative conveyancing organisations?

We don’t give any referral fee for pointing buyers and sellers to this site. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.

In relation to leasehold conveyancing in Stony Stratford what are the most frequent lease defects?

Leasehold conveyancing in Stony Stratford is not unique. All leases are drafted differently and drafting errors can result in certain sections are not included. The following missing provisions could result in a defective lease:

Clauses dealing with recovering service charges for expenditure on the building or common parts. Repairing obligations to or maintain parts of 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. Nationwide Building Society, Barnsley Building Society, and Alliance & Leicester all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, obliging the buyer to pull out.

I bought a studio flat in Stony Stratford, conveyancing having been completed half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Stony Stratford with over 90 years remaining are worth £202,000. The ground rent is £60 per annum. The lease comes to an end on 21st October 2082

You have 57 years unexpired we estimate the premium for your lease extension to range between £28,500 and £33,000 plus legals.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.

How much experience do your Stony Stratford conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?

Stony Stratford conveyancing lawyers help thousands of people move home every year and assisted plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Stony Stratford conveyancers have worked on recent similar cases.