I'm purchasing my first flat in Gerrards Cross and Chalfont with the aid of help to buy. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not reveal to my solicitor about the deal as it may impact my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a flat up to £195,000 and identified one round the corner in Gerrards Cross and Chalfont I like with a park and railway links in the vicinity, however it only has 51 years unexpired on the lease. There is not much else in Gerrards Cross and Chalfont suitable, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
I'm converting the mortgage on my primary property to a buy to let mortgage with The Royal Bank of Scotland and I will use the ballance of the raised equity towards a second property. The neighborhood we are interested in is Gerrards Cross and Chalfont. Will your lawyers be able to act for the two mortgage companies and tie in the transactions?
Do use our comparison tool on this site to ensure that the lawyers are approved by both banks. Assuming that they are your lawyer will be able to tie up the two transactions but you should talk with you conveyancer and make apparent your expectations and requirements.
I need to appoint a conveyancing solicitor for some conveyancing in Gerrards Cross and Chalfont. I happened to chance upon a web site which looks to be the ideal solution If there is a chance to get all the legals completed via phone that would be preferable. Should I be concerned? What should out be looking out for?
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?
What are your top tips when it comes to appointing a Gerrards Cross and Chalfont conveyancing practice to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Gerrards Cross and Chalfont conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with several firms including non Gerrards Cross and Chalfont conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:
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How experienced is the firm with lease extension legislation? Can they put you in touch with clients in Gerrards Cross and Chalfont who can give a testimonial?
Following months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Gerrards Cross and Chalfont. Can we issue an application to the Residential Property Tribunal Service?
Where there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to assess the premium.
An example of a Lease Extension matter before the tribunal for a Gerrards Cross and Chalfont flat 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 affected 3 flats. The unexpired term as at the valuation date was 71 years.
I yesterday found out that one of the partners of the solicitors handling the purchase conveyancing in Gerrards Cross and Chalfont is is the sister of the vendor. Is this allowed?
On the basis that there is no conflict of interest this is allowable. Where you are needing mortgage finance then the mortgage company may have a say as many mortgage companies have specific requirements on this. For example for Yorkshire Building Society as of 14/11/2025, the requirements read as follows :
* there is no conflict of interest and none arises during the transaction
* the firm is a partnership
* the conveyancer acting is not the borrower or a member of the borrower's immediate family