We went with a high street firm for our conveyancing in Wycombe Marsh last week. After carefully reading the fine print I seeI am on the hook for charges even where the transaction does not complete. Would I be best advised to appoint a web based solicitor practice promising no completion no charge conveyancing in Wycombe Marsh?

Generally there is a concession along the lines that if "No Sale No Fee" is advertised then the conveyancing charges will tend to be be more expensive to counteract the conveyances that abort. Dont forget that such promotions tend not to protect you from disbursements such as Wycombe Marsh conveyancing search fees.

I opted to have a survey done on a property in Wycombe Marsh ahead of instructing lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies may refuse to grant a mortgage on a flying freehold house.

It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Wycombe Marsh. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wycombe Marsh to see if the conveyancing will be more expensive.

I need to appoint a conveyancing solicitor for leasehold conveyancing in Wycombe Marsh. I have land on a site which appears to be the perfect solution If there is a chance to get all formalities done via phone that would be ideal. Do I need to be concerned? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I work for a busy estate agent office in Wycombe Marsh where we have experienced a few leasehold sales jeopardised due to short leases. I have been given conflicting advice from local Wycombe Marsh conveyancing firms. Please can you shed some light as to whether the owner of a flat can initiate the lease extension formalities for the buyer?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Leasehold Conveyancing in Wycombe Marsh - Sample of Queries before Purchasing

What is the name of the managing agents? It would be wise to find out if there is anything that is prohibited in the lease. For instance plenty of leases prohibit pets being allowed in certain buildings in Wycombe Marsh. If you love the propertyin Wycombe Marsh yet your dog is not allowed to move with you then you will be faced difficult determination. You should want to find out as much as possible regarding the company managing the block as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you are often at the mercy of the managing agents from a financial perspective and when it comes to every day issues such as the tidiness of the communal areas. Enquire of other tenants whether they are happy with their management. On a final note, investigate as to the dates that you are obliged pay the service charge to the managing agents and precisely what it includes.

I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?

Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the lender conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.