Is there a reason why leasehold purchase conveyancing in Chalfont St Peter costs more?

Chalfont St Peter leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

I am considering refinancing my property in Chalfont St Peter, does my lawyer need to be on the Coventry BS Conveyancing panel?

There is nothing to stop you using your solicitor, but Coventry BS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.

Have just purchased a probate house at auction in Chalfont St Peter. Conveyancing is required. What happens now?

Given that you are now legally committed yourself to purchase you now have to retain a conveyancing practitioner quickly as you now have a fast approaching a fixed date to complete the transaction. All auction property will ordinarily have an associated legal pack. This should include evidence of title and search results. Where you are dealing with leasehold premises the legal papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You need to give this to the conveyancer working for you at the earliest opportunity. You also need to ensure that your finances are in order to complete on the on the contractual date .

Is it the case that all Chalfont St Peter CQS (Conveyancing Quality Scheme) solicitors are on the Leeds Building Society conveyancing list of approved practices?

Some major lenders now make use of the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,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.

My partner and I have organised a further advance on our home loan from UBS as we want to conduct a loft conversion to our property in Chalfont St Peter. Do we need to choose a high street Chalfont St Peter solicitor on the UBS conveyancing panel to deal with the legals?

UBS would not normally appoint a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the UBS list.

I need to retain a conveyancing solicitor for sale conveyancing in Chalfont St Peter. I happened to discover a web site which appears to be the ideal answer If there is a chance to get all formalities done via web that would be preferable. Should I 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 am a negotiator for a long established estate agent office in Chalfont St Peter where we see a number of leasehold sales jeopardised as a result of short leases. I have received contradictory information from local Chalfont St Peter conveyancing firms. Could you clarify whether the seller of a flat can instigate the lease extension formalities for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence 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 to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with 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.

Having spent years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Chalfont St Peter. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

if there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the LVT to decide the amount due.

An example of a Lease Extension decision for a Chalfont St Peter property is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case related to 3 flats. The unexpired lease term was 71 years.