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Ready to buy a new home in Montgomery? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Montgomery conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Montgomery

Me and my brother own a renovated Victorian property in Montgomery. Conveyancing solicitor represented me and Barclays Direct. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?

You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Montgomery and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing practitioner who carried out the work.

I decided to have a survey carried out on a house in Montgomery prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies tend not issue a loan on a flying freehold home.

It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Montgomery. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Montgomery to see if the conveyancing will be more expensive.

I need to find a conveyancing solicitor for purchase conveyancing in Montgomery. I happened to stumble across a web site which appears to be the ideal offering If there is a chance to get all the legals done via web that would be ideal. Should I be concerned? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I am attracted to a two maisonettes in Montgomery which have in the region of forty five years unexpired on the lease term. Should I regard a short lease as a deal breaker?

A lease is a right to use the property for a prescribed time frame. As the lease shortens the marketability of the lease reduces and results in it becoming more costly to extend the lease. For this reason it is generally wise to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on properties of this type. Lease enfranchisement can be a difficult process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this arena.

I purchased a basement flat in Montgomery, conveyancing formalities finalised in 2007. 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? Similar properties in Montgomery with over 90 years remaining are worth £191,000. The ground rent is £55 yearly. The lease terminates on 21st October 2078

With only 53 years unexpired we estimate the premium for your lease extension to range between £27,600 and £31,800 as well as professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.

Been on the hunt for a lawyer for leasehold sale conveyancing in Montgomery. We are selling, simple no mortgage to discharge, no hurry, no onward purchase. Received a quote from a solicitor for nine hundred pounds including VAT which is a tad steep considering its so straightforward. Can I pay less for conveyancing in Montgomery?

Given that it’s a sale only, £450 + VAT should be about the cheapest for sale conveyancing in Montgomery.

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Find out more about how flying freehold can affect your the value of a property.