Me and my brother have a terraced Georgian house in Borth Y Gest. Conveyancing solicitor acted for me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?

You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Borth Y Gest and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with the conveyancing practitioner who conducted the conveyancing.

Over the last few months I have been searching for a flat up to £245,000 and found one close by in Borth Y Gest I like with open areas and railway links in the vicinity, however it only has 49 remaining years left on the lease. There is not much else in Borth Y Gest in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?

If you require a mortgage the remaining unexpired lease term may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign 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 solicitor concerning this matter.

What makes your site different to other internet conveyancing solicitors for conveyancing in Borth Y Gest?

At this site get an accurate costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Borth Y Gest. Unlike many estate agents and brokerage sites we do not charge firms a fee if you choose them for your property ownership legalities in Borth Y Gest

I need to retain a conveyancing solicitor for residential conveyancing in Borth Y Gest. I have discover a web site which appears to be the perfect offering If it is possible to get all formalities completed via email that would be ideal. Do I need to be concerned? What should out be looking out for?

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 hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable figure which is making it all the more appealing. I have just found out that it's a leasehold rather than freehold. I am assuming that there are particular concerns buying a leasehold house in Borth Y Gest. Conveyancing lawyers have are soon to be appointed. Will my lawyers set out the risks of buying a leasehold house in Borth Y Gest ?

The majority of houses in Borth Y Gest are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Borth Y Gest so you should seriously consider shopping around for a Borth Y Gest conveyancing practitioner and check that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the freeholder’sconsent to carry out alterations. You may also be required to pay a service charge towards the maintenance of the estate where the property is located on an estate. Your lawyer should report to you on the legal implications.

I bought a ground floor flat in Borth Y Gest, conveyancing formalities finalised January 2006. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Borth Y Gest with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 per annum. The lease expires on 21st October 2084

With only 59 years unexpired we estimate the premium for your lease extension to span between £20,900 and £24,200 as well as costs.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.