I am buying a new build flat in Chesham Bois. 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 conveyancing.

Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Chesham Bois

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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. 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. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.

I am looking for a ground for flat up to £195,000 and identified one close by in Chesham Bois I like with open areas and transport links nearby, however it only has 52 years on the lease. I can't really find anything else in Chesham Bois in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.

Should I choose a Chesham Bois conveyancing practitioner based in the location that I am buying? An old friend can handle the legal work however they are based 300miles away.

The benefit of a high street Chesham Bois conveyancing practice is that you can drop in to sign documents, deliver your identification documents and pester them where appropriate. Having local Chesham Bois know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and they were impressed that must surpass using an unfamiliar Chesham Bois conveyancing solicitor solely due to them being round the corner.

My wife and I purchased a leasehold house in Chesham Bois. Conveyancing and mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Chesham Bois who previously acted has long since retired. What should I do?

The first thing you should do is make enquiries of the Land Registry to be sure that this person is in fact the new freeholder. You do not need to instruct a Chesham Bois conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I am the registered owner of a basement flat in Chesham Bois, conveyancing formalities finalised in 1995. How much will my lease extension cost? Equivalent properties in Chesham Bois with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease runs out on 21st October 50

You have 50 years unexpired the likely cost is going to be between £36,100 and £41,800 as well as professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.

Do lenders provide you with an approved list of Chesham Bois solicitors? How do you know who is on the bank conveyancing panel?

Chesham Bois law firm practices and firms carrying out conveyancing in Chesham Bois themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the mortgage company directly.