Various web forums that I have come across warn that are the main reason for stalling in Burton Latimer house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Burton Latimer.

How does conveyancing in Burton Latimer differ for new build properties?

Most buyers of new build property in Burton Latimer come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is completed. This is because builders in Burton Latimer typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Burton Latimer or who has acted in the same development.

I have been on the look out for a ground for flat up to £305k and found one round the corner in Burton Latimer I like with open areas and station nearby, however it's only got 61 years on the lease. I can't really find anything else in Burton Latimer for this price, so just wondered if I would be making a grave error acquiring a short lease?

Should you require a home loan the shortness of the lease will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.

We expect to complete the disposal of our £175,000 flat in Burton Latimer in just under a week. The managing agents has quoted £408 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Burton Latimer?

Burton Latimer conveyancing on leasehold maisonettes more often than not requires the purchaser’s lawyer sending questions for the landlord to answer. Although the landlord is under no legal obligation to respond to such questions the majority will be willing to assist. They are entitled to invoice a reasonable charge for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some cases it is above £800. The management information fee levied by the landlord must be sent together with a synopsis of rights and obligations in respect of administration charges, without which the charge is technically not due. In reality you have little choice but to pay whatever is demanded if you want to complete the sale of your home.

I own a garden flat in Burton Latimer, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Burton Latimer with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 yearly. The lease ceases on 21st October 2079

With 55 years remaining on your lease we estimate the price of your lease extension to be between £31,400 and £36,200 plus professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.

My wife and I have appointed a Burton Latimer conveyancing solicitor for our house purchase (FTB’s) and have picked up in the Ts and Cs that they are not covered by the Financial Conduct Authority. Should I be worried or is that usually the case with lawyer?

We can't see why they should be. Most solicitor don't lend money. They should be regulated by the Solicitors Regulation Authority, who set stringent stipulations in place on monies sitting by them.