lenderpanel

Find a Stony Stratford Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Stony Stratford? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Stony Stratford transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Stony Stratford conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Stony Stratford

My uncle pointed out to me me that in purchasing a property in Stony Stratford there could be various restrictions preventing external alterations to a property. Is this right?

There are anumerous of properties in Stony Stratford which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Stony Stratford should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

We had instructed conveyancing lawyers based in Stony Stratford on the HSBC solicitor approved list. They have just billed me a further sum for the legal aspects of the HSBC mortgage. Is this an additional conveyancing fee specified by HSBC?

Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your lawyer may levy a fee for this. The charge is not set by HSBC but by your Stony Stratford conveyancing practitioner. Some firms on the HSBC panel will quote an ‘acting for lender’ fee but many firms incorporate it on their overall fee.

RBS have agreed my mortgage in principle, my bid on a flat in Stony Stratford has been accepted, what happens next?

Your estate agent will need to be informed of your conveyancer's details (be sure the conveyancers are on the bank’s approved list). Call up RBS or the broker and complete any relevant documentation. RBS will instruct a valuer who will get in contact with the selling agent or owners to book an appointment. Once conducted (assuming no problems) it takes about a fortnight to receive the mortgage offer. RBS will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Stony Stratford.

I'm buying my first flat in Stony Stratford with a mortgage from Nationwide Building Society. The developers refused to move on the price so I negotiated 6k of additionals instead. The estate agent advised me not to tell my conveyancer about the deal as it will jeopardize my mortgage with the bank. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder 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've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Stony Stratford is where the house is located. What do you suggest?

Flying freeholds in Stony Stratford are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stony Stratford you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stony Stratford may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

How does the Landlord & Tenant Act 1954 impact my business offices in Stony Stratford and how can your lawyers assist?

The particular law that you refer to provides a safeguard to business lessees, granting the right to make a request to court for a renewal lease and remain in occupation at the end of an expired lease. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Stony Stratford is one of the hundreds of locations in which our lawyers are based

Why is New Build conveyancing in Stony Stratford more expensive?

Acquiring a brand new home is significantly different from the standard house buying conveyancing in Stony Stratford. For a start developers normally need contracts to exchange within a tight deadline, the result being a lot of pressure on your conveyancer to make sure everything is in order. Furthermore new build conveyancing frequently necessitate the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Mortgage lender obligations are also more demanding. Due to the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.

Last updated

Find out more about how flying freehold can affect your the value of a property.