The owners have very brash sellers who has insisted on a lock out contract with a non-refundable deposit two thousand pounds. Are such arrangements generally advanced for Barlaston and Tittensor conveyancing transactions?

This form of agreement isn't frequently used in Barlaston and Tittensor, conveyancers will often sway clients away from them as they detract from focusing on the main conveyancing focus and if you end up having your deposit forfeited then the solicitor is left exposed. In addition, there is no assurance that just because the proprietor has entered into an exclusivity contract they will complete the sale with you. They may be in contravention of the agreement if they are offered a large enough incentive to do so because a wronged purchaser with the benefit of a lockout agreement will still be obliged show losses as a consequence of the breach and these may not equalise the financial upside that your vendor may gain by breaching the agreement, however morally reprehensible the behaviour is.

My bank has recommended a law firm on their panel based in Barlaston and Tittensor but I would rather choose a conveyancing lawyer in Barlaston and Tittensor or nearer to where I live. Are you able to assist?

It is by no means the case that all Barlaston and Tittensor conveyancing solicitors are listed all lender’s conveyancing panel. Use our search tool to identify a Barlaston and Tittensor conveyancing firm on the on the mortgage company panel.

Due to the encouragement of my in-laws I had a survey completed on a property in Barlaston and Tittensor prior to instructing solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some lenders will not grant a loan on a flying freehold premises.

It depends who your proposed lender is. Santander has different requirements from Nationwide. If you e-mail us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Barlaston and Tittensor. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Barlaston and Tittensor to see if the conveyancing costs will increase in light of this.

I am thinking of appointing a conveyancing practitioner in Barlaston and Tittensor for my house move. Is it possible to see a firm’s record with the profession’s regulator?

Anyone can read published Solicitor Regulator Association (SRA) decisions stemming from investigations from 2008 onwards. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA may monitor call for training reasons.

I am looking at a couple of apartments in Barlaston and Tittensor both have about fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?

There are no two ways about it. A leasehold apartment in Barlaston and Tittensor is a wasting asset as a result of the reducing lease term. The closer the lease gets to its expiry date, the more it reduces the marketability of the property. The majority of purchasers and mortgage companies, leases with less than eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Barlaston and Tittensor conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I bought a 1 bedroom flat in Barlaston and Tittensor, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Similar properties in Barlaston and Tittensor with a long lease are worth £222,000. The ground rent is £50 levied per year. The lease terminates on 21st October 2096

With only 71 years left to run the likely cost is going to be between £9,500 and £11,000 plus legals.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.