I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Barton Le Clay is where the house is located. Is there any guidance you can give?

Flying freeholds in Barton Le Clay are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Barton Le Clay you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Barton Le Clay may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

Hoping to buy a property located in Barton Le Clay and I am already nervous. I couldn't find anything specific about Barton Le Clay. Conveyancing will be needed in due course but do you know about the Barton Le Clay area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Barton Le Clay. In the meantime here are some basic statistics that we found

My partner has encouraged me to use his conveyancing solicitors in Barton Le Clay. Do I take his guidance?

No doubt the ideal way to find a conveyancing lawyer is to have guidance from friends or family who have used the firm you're contemplating using.

I am looking at a two apartments in Barton Le Clay which have about fifty years left on the leases. Do I need to be concerned?

There are no two ways about it. A leasehold flat in Barton Le Clay is a wasting asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it reduces the marketability of the premises. For most purchasers and lenders, leases with under eighty years become less and less marketable. On a more positive 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 Barton Le Clay conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new 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 am the registered owner of a split level flat in Barton Le Clay, conveyancing having been completed April 2010. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Barton Le Clay with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 levied per year. The lease runs out on 21st October 2104

With just 80 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.

I am looking to buy a house and require a conveyancing solicitor in Barton Le Clay who is on the bank conveyancing panel. Can you recommend a Barton Le Clay or local Barton Le Clay conveyancing firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who conduct conveyancing in Barton Le Clay. We dont recommend any particular firm.