I was recommended to a conveyancer who has quoted £1200 for freehold conveyancing in Arley. I’m selling a newly refurbished house for £225,000. Is this overpriced? Is it above what I should be paying for conveyancing in Arley?

The charges are a little high. If you are content to expend time contrasting costs you could decrease the fees marginally by as much as £125. On the other hand, you maylive to rue choosing an a cheaper solicitor. If is important to be sure the conveyancer can also act for your lender. Do make use of our search tool to locate a Arley conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Arley.

Do lenders provide you with an approved list of Arley conveyancing solicitors? How do you know who is on the Co-operative conveyancing panel?

Arley conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.

Due to the guidance of my in-laws I had a survey completed on a property in Arley in advance of instructing lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some lenders tend refuse to issue a mortgage on this type of property.

It varies from the lender to lender. Bank of Scotland has different instructions from Nationwide. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Arley. Conveyancing may be slightly more expensive based on your lender's requirements.

I need to find a conveyancing solicitor for my conveyancing in Arley. I happened to stumble across a site which seems to have the ideal solution If it is possible to get all the legals done via web that would be ideal. Do I need to be concerned? What are the potential pitfalls?

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 employed by a reputable estate agent office in Arley where we have experienced a few flat sales jeopardised as a result of leases having less than 80 years remaining. I have received contradictory information from local Arley conveyancing firms. Can you confirm whether the vendor of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

I purchased a 2 bed flat in Arley, conveyancing having been completed 5 years ago. How much will my lease extension cost? Comparable flats in Arley with a long lease are worth £185,000. The ground rent is £65 levied per year. The lease ceases on 21st October 2085

With 60 years left to run the likely cost is going to range between £20,000 and £23,000 as well as costs.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.