I opted for a Caistor based lawyer for my conveyancing in Caistor recently. Upon checking the official terms of business I seeI am responsible for costs even if our purchase aborts. Should I go with them or use a web based lawyer advertising no-sale-no-fee conveyancing in Caistor?

Generally there is a compromise along the lines that if "No Sale No Fee" is advertised then the fee levels will generally be more expensive to cover those conveyances that fail to complete. Dont forget that such schemes rarely cover disbursements such as Caistor conveyancing search fees.

We are about to exchange contracts for a leasehold flat in Caistor. We have hit a stumbling block. Our mortgage offer with Norwich and Peterborough Building Society expires on 2/7/2024 but the vendors are putting forward a completion date of 4/7/2024. Can one prolong the loan expiry date?

The best person to deal with your issue is your solicitors who will hopefully determine if he or she is should be discussing with the bank, seller’s representatives, estate agents or indeed all three given the history of your conveyancing to date.

We are looking to buy a property and require a conveyancing solicitor in Caistor who is on the Skipton solicitor panel. Could you point me in the right direction as regards a solicitor?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Skipton . We don't recommend any particular firms conducting conveyancing in Caistor.

I am tempted by the attractive purchase price for a couple of flats in Caistor which have about 50 years remaining on the leases. Will this present a problem?

There are plenty of short leases in Caistor. The lease is a right to use the property for a prescribed time frame. As the lease shortens the marketability of the lease reduces and it becomes more expensive to extend the lease. This is why it is advisable to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We advise that you get professional help from a conveyancer and surveyor with experience in this arena.

Caistor Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing

What restrictions are there in the Caistor Lease? The best form of lease arrangement is if the freehold reversion is owned by the leaseholders. In this scenario the leaseholders enjoy being in charge if their destiny and notwithstanding that a managing agent is usually employed if the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Who are the managing agents?

At what stage do I pay the Stamp Duty Land Tax payable for my Caistor property purchase?

The majority of conveyancing practitioners will complete a stamp duty return for you during your Caistor conveyancing transaction for you to sign. After completion your conveyancer will submit the STL Return Form to the Tax Authorities and - as long as they have the funds - settle any land tax payable for you.