AssumingI were to buy a straightforward propertyin Preston mortgage fee and dispense with a survey and no local authority searches how much would I expect to have to pay for conveyancing in Preston?

Any savings you would gain would be isolated to the disbursement for searches. Your conveyancing practitioner is required to do the vast majority of work - money laundering, liaising with the vendors lawyer, stamp duty submission, register the title etc. A slight saving might be made by not needing to register a mortgage but it won't be meaningful.

Why is leasehold purchase conveyancing in Preston is more expensive?

Preston leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

Have completed on a a terraced house in Preston , how long should it take for the Land Registry to record my ownership? My Preston conveyancing solicitor works at snail pace, so I want to be certain the land registry aspects are dealt with.

As far as conveyancing in Preston registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timescales can differ subject to who lodges the application, whether it is in order and if the Land registry must send notices to any interested parties. Currently approximately 80% of submission are fully addressed in less than three weeks but some can be subject to longer delays. Registration occurs after the new owner is living at the premises therefore an expedited registration is not usually top priority but if there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.

I'm remortgaging my existing property to a BTL mortgage with Godiva Mortgages Ltd and I will use the ballance of the raised equity as a deposit on a second property. The neighborhood we are interested in is Preston. Will your solicitors be able to act for both sets of mortgage companies and link together the transactions?

Do use our comparison tool on this page to ensure that the conveyancers are on the appropriate lender panels. On the basis that they are your conveyancer will be able to tie up the two transactions but you should have a chat with you solicitor and make clear your desired outcome and requirements.

I am tempted by the attractive purchase price for a couple of flats in Preston which have about 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 premises for a period of time. As the lease shortens the saleability of the lease deteriorates and results in it becoming more costly to extend the lease. This is why it is generally wise to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage companies may be unwilling to lend money on such properties. Lease extension can be a difficult process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this arena.

I have had difficulty in seeking a lease extension in Preston. Can this matter be resolved via the Leasehold Valuation Tribunal?

You certainly can. We are happy to put you in touch with a Preston conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Preston premises is Ground Floor Flat 79 London Road in September 2012. the Tribunal held that the premium payable for the lease extension should be £7,636 This case affected 1 flat. The number of years remaining on the existing lease(s) was 74 years.