I can't travel far from Stokenchurch. What is the rationale as to why all Stokenchurch solicitors aren't automatically on all bank panels?

Banks tend to impose restrictions on either the nature or volume of conveyancing solicitors on their approved list of lawyers. A common example of such criteria being that a firm must have two or more partners. As well as restricting the structure of firm, some have made a decision to limit the number of practices they permit to represent them. It is worth noting that mortgage companies have no liability for the quality of service provided by any Stokenchurch property lawyer on their panel. Mortgage fraud was the key driver in the reduction of conveyancing panels from 2008 notwithstanding that there are opposing thoughts concerning whether solicitors sat at the center of that fraud. Data published by the Land Registry exposes that thousands of law practices only transact less than three conveyances annually. Those vindicating conveyancing panel pruning ask why law firms deserve any entitlement to be on a lender panel when clearly property law is not their primary expertise?

Is it possible for conveyancing in Stokenchurch to be finalised in 10 days?

In a situation where you are under time constraints for your conveyancing it is highly recommended that your conveyancer is familiar with the location as they will make use of local relationships and intelligence. It is possible that they could have conducted otherproperties in the same neighbourhood. Therefore consider using a Stokenchurch conveyancing firm. Second, be sure that the lawyer is on the lender panel. It is said that nearly one in five of Stokenchurch conveyancing transactions are suspended or jeopardised after finding out that a buyer’s solicitor was not on their mortgage lender’s member panel. This can often result in the legal transfer of property being frustrated by almost 21 days. It is estimated that this issue affects in the region of 100,000 home moves annually. Almost all Stokenchurch conveyancing practices can not act for certain lenders so do check at the outset.

Just had an offer accepted on a new build flat in Stokenchurch. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Stokenchurch

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

I have been on the look out for a ground for flat up to £235,500 and found one close by in Stokenchurch I like with open areas and transport links nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Stokenchurch in this price bracket, so just wondered if I would be making a mistake buying a short lease?

Should you require a home loan the shortness of the lease may be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 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 existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.

For various reasons I cannot get to my Stokenchurch conveyancing lawyers office to sign documents connected to my conveyancing in Stokenchurch – will this be an issue?

You need not be concerned. Stokenchurch conveyancing lawyers can deal with conveyancing transactions for clients nationwide. It is not necessary for you to be able to be present a Stokenchurch conveyancers office. Almost all conveyancer can undertake everything via phone, post and email - whatever works for you.