We are soon to complete on the purchase of a house in Alfreton but as a result of wreckage from the recent storms I have was able negotiate recompense from the current proprietors of £3k in the form of a reduction in the price. I had intended this to be dealt with as part of amending the contract but Principality will not permit this. Why were they involved?

The property lawyer that is on the Principality conveyancing panel is obliged to inform Principality of any variations to the sale price. If you were to refuse your conveyancing practitioner to disclose the reduction to Principality then they would have to discontinue acting for you. In addition, Principality and you would have to appoint a new lawyer for your conveyancing in Alfreton.

Can you explain why leasehold purchase conveyancing in Alfreton is more expensive?

Alfreton leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

I need some quick conveyancing in Alfreton as I am under pressure to complete in less than 4 weeks. Luckily I do not require a mortgage. Can I escape the need for conveyancing searches to save fees and time?

As you are are a mortgage free buyer you are at liberty not to have searches carried out although no lawyer would advise that you don't. Drawing on years of experience of conveyancing in Alfreton the following are examples of issues that can show up and adversely affect future mortgageability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Unadopted Roads,...

Just had an offer accepted on a new build flat in Alfreton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Alfreton

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. 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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

Over the last few months I have been searching for a flat up to £195,000 and identified one near me in Alfreton I like with a park and station in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Alfreton for this price, so just wondered if I would be making a mistake purchasing a short lease?

If you require a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.