Why is leasehold purchase conveyancing in Bletchley costs more?

Bletchley leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant 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.

After researching moneysavingexpert.com for a high-quality solicitor in Bletchley, many comment that I should use a CQS accredited solicitor. Can you explain what CQS is?

The Conveyancing Quality Scheme (CQS) provides a kitemark for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to prudent and efficient conveyancing procedures through the scheme protocol Membership includes numerous partnerships who perform conveyancing in Bletchley.

Will my lawyer be asking questions regarding flooding as part of the conveyancing in Bletchley.

Flooding is a growing risk for lawyers conducting conveyancing in Bletchley. Some people will purchase a property in Bletchley, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the premises. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.

Lawyers are not qualified to offer advice on flood risk, but there are a various searches that may be undertaken by the buyer or on a buyer’s behalf which should figure out the risks in Bletchley. The standard completed inquiry forms sent to a buyer’s solicitor (where the Conveyancing Protocol is adopted) contains a standard inquiry of the owner to determine whether the property has suffered from flooding. In the event that flooding has previously occurred and is not notified by the vendor, then a buyer may commence a compensation claim resulting from an inaccurate answer. A buyer’s solicitors may also carry out an enviro report. This will disclose whether there is a recorded flood risk. If so, further inquiries should be initiated.

It has been three months since my purchase conveyancing in Bletchley completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I have been on the look out for a ground for flat up to £235,500 and identified one round the corner in Bletchley I like with a park and transport links nearby, however it only has 52 years unexpired on the lease. There is not much else in Bletchley suitable, so just wondered if I would be making a mistake buying a lease with such few years left?

If you require a mortgage that many years will likely be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.