What does my ID and proof of funds have anything to do with my conveyancing in Buckinghamshire? Why is this being asked of me?

Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing retainer. The Terms and Conditions that you are required to sign should confirm this. Your lender will also require certain documents to be viewed. Where you refuse to hand over ID verification documents, your solicitor would not be able to accept instructions from you.

I have 71 years unexpired on my lease and require a lease extension for my apartment in Buckinghamshire. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions right?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 10/11/2024 the requirements read as follows :

My father advised me that in purchasing a property in Buckinghamshire there may be a number of restrictions preventing external changes to the property. Is this right?

There are a number of properties in Buckinghamshire which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Buckinghamshire should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

When it comes to mortgage companies such as TSB, do Buckinghamshire solicitors face a yearly amount to be on the conveyancing panel?

We are unaware of any bank fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.

At last I have had an offer on an apartment in Buckinghamshire agreed to, the vendors do nevertheless have a tied purchase. The vendors have put an offer on a flat, but it’s not yet agreed to, and are looking at other properties booked. I have instructed a nearby conveyancing solicitor in Buckinghamshire. What should be my next step? When should I get the mortgage application with Principality started?

It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx £1k, then valuation, Buckinghamshire conveyancing search charges, etc). First, you should check that your lawyer is on the Principality conveyancing panel. As to the subsequent stages this very much dictated by the specifics of your case, desire for this property and on the state of the market. In a buoyant market the majority of buyers will apply for a home loan with Principality and arrange for the valuation and only if it comes back ok would they request their lawyer to proceed with the conveyancing in Buckinghamshire.

I am buying a new build flat in Buckinghamshire. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Buckinghamshire

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.

My cousin has recommend that I instruct his conveyancing solicitors in Buckinghamshire. Should I choose my own property lawyer?

There are no two ways about it the best way to select a conveyancing lawyer is to have recommendations from friends or family who have actually experience in using the solicitor you're are thinking of instructing.