My Leagrave and Chalton conveyancer has discovered a difference between the information in the valuation survey and what is in the conveyancing documents. My solicitor says that he needs to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance right?

Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

I am being told by my conveyancer that restrictive coveneant insurance is necessary on my purchase. What is the level of cover for Leagrave and Chalton conveyancing?

The right level of restrictive coveneant indemnity insurance depends on your lender. It would differ for example between Nationwide Building Society and Coventry Building Society. Conveyancing practitioners as opposed to borrowers take out such insurances.

I am purchasing a property in Leagrave and Chalton. One unusual aspect is that the roof has a solar panel. RBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

Given that you are obtaining a mortgage with RBS your lawyer must check the conveyancing requirements outlined in Section two of UK Finance Lenders’ Handbook for RBS. The CML Handbook contains minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to RBS 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 Leagrave and Chalton.

I recently had an offer accepted on a house in Leagrave and Chalton. My mortgage broker pressured me to appoint their solicitor. I paid an upfront payment of £225. A couple of days later, the lawyer contacted me sheepishly admitting that they were not on the RBS conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the RBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

Are there restrictive covenants that are commonly picked up during conveyancing in Leagrave and Chalton?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Leagrave and Chalton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I have been on the look out for a leasehold apartment up to £235,500 and identified one close by in Leagrave and Chalton I like with amenity areas and transport links nearby, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Leagrave and Chalton in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.

I am attracted to a couple of maisonettes in Leagrave and Chalton both have in the region of 50 years left on the leases. should I be concerned?

There are plenty of short leases in Leagrave and Chalton. The lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease shortens the value of the lease reduces and results in it becoming more expensive to extend the lease. For this reason it is often a good idea to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage companies may be unwilling to lend money on such properties. Lease extension can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area.

Leagrave and Chalton Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to Purchasing

It would be wise to investigate if the the lease contains any adverse restrictions in the lease. By way of example plenty of leases prohibit pets being allowed in certain buildings in Leagrave and Chalton. If you love the propertyin Leagrave and Chalton yet your dog is not allowed to live with you then you have a very difficult choice. Does the lease include onerous restrictions? In the main the cost for major works tend not to be built into the service charges, albeit that a few managing agents in Leagrave and Chalton require leasehold owners to contribute towards a sinking fund and this is used to offset against major repairs or maintenance.