My family lawyer has sent a quote for £1350 for freehold conveyancing in Coventry. I am looking to sell a purpose built property for £275,000. Are these estimated fees excessive? Is it above the norm for conveyancing in Coventry?

The quote is fractionally on the steep side. If you shop around you might reduce the fees marginally by say £100 plus VAT. That being said, you mightcome to rue opting for an an untested lawyer. Don't forget to check that the firm can represent your mortgage company. You can use our comparison tool to select a Coventry conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Coventry.

Do banks and building societies provide you with an approved list of Coventry conveyancing solicitors? How do you know who is on the TSB conveyancing panel?

Coventry conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.

Due to the encouragement of my in-laws I had a survey completed on a house in Coventry prior to retaining lawyers. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some banks tend refuse to give a loan on such a house.

It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Coventry. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Coventry to see if the conveyancing will be more expensive.

What makes a Coventry lease defective?

Leasehold conveyancing in Coventry is not unique. Most leases are unique and drafting errors can sometimes mean that certain sections are missing. For example, if your lease is missing any of the following, it could be defective:

A duty to insure the building Repairing obligations to or maintain parts of the building

A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Barnsley Building Society, and Godiva Mortgages Ltd all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the buyer to withdraw.

I invested in buying a 2 bed flat in Coventry, 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? Similar flats in Coventry with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease ends on 21st October 2085

You have 61 years unexpired we estimate the price of your lease extension to range between £18,100 and £20,800 plus legals.

The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.

I today plan to offer on a house that seems to be perfect, at a great price which is making it more attractive. I have since been informed that it's a leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in Coventry. Conveyancing solicitors have are about to be appointed. Will they explain the issues?

Most houses in Coventry are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Coventry so you should seriously consider shopping around for a Coventry conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the freeholder’sconsent to conduct changes to the property. You may also be required to pay a maintenance charge towards the maintenance of the estate where the property is located on an estate. Your conveyancer should report to you on the legal implications.