Can I use your services to recommend a Conveyancing solicitor in Bromyard even if I’m not buying or selling a house, for example if I intend to acquire a shop in Bromyard with a mortgage from The Mortgage Works?

Our comparison service is primarily utilised to help choose residential conveyancing solicitors in Bromyard but we have recorded at the end of this page a selection of Bromyard commercial conveyancing firms. You should enquire with the company directly to check if they can also act for The Mortgage Works

Various internet forums that I have visited warn that are the number one cause of stalling in Bromyard conveyancing transactions. Is this right?

The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of holding up conveyancing in Bromyard.

Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a simple, chain free conveyancing. Bromyard is the location of the property. Can you shed any light on this issue?

Flying freeholds in Bromyard are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bromyard you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bromyard may decide 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 property.

Hoping to buy a property located in Bromyard and I am already nervous. I couldn't find anything specific about Bromyard. Conveyancing will be needed in due course but do you know about the Bromyard area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Bromyard. In the meantime here are some basic statistics that we found

I am employed by a long established estate agency in Bromyard where we have witnessed a number of leasehold sales derailed due to leases having less than 80 years remaining. I have received conflicting advice from local Bromyard conveyancing firms. Can you shed some light as to whether the owner of a flat can commence the lease extension formalities for the purchaser on completion of the sale?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

I own a split level flat in Bromyard, conveyancing was carried out in 1996. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Bromyard with a long lease are worth £206,000. The ground rent is £45 yearly. The lease ceases on 21st October 2090

With just 66 years unexpired we estimate the premium for your lease extension to be between £11,400 and £13,200 plus professional fees.

The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.