A colleague informed me that in purchasing a property in Callerton there could be various restrictions preventing external changes to a property. Is this right?

We are aware of anumerous of properties in Callerton which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Callerton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

I am being advised by my solicitor that lack of building regulations insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Callerton?

The right level of lack of building regulations indemnity insurance depends on who your lender is. It would differ for example between National Westminster Bank and Coventry Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.

is it true that all Callerton solicitors on the Coventry BS conveyancing panel are governed by the SRA?

As solicitors, in order to be on the Coventry BS conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do allow licenced conveyancers on their panel and in such a situation the firms would be governed by the Council of Licensed Conveyancers.

Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Callerton is where the house is located. What do you suggest?

Flying freeholds in Callerton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Callerton you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Callerton 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.

As co-executor for the will of my grandmother I am selling a property in Swansea but live in Callerton. My conveyancer (based 200 miles awayhas requested that I sign a statutory declaration before completion. Can you recommend a conveyancing lawyer in Callerton who can attest and place their company stamp on the document?

Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are based in Callerton

Helen (my wife) and I may need to rent out our Callerton 1st floor flat temporarily due to a new job. We used a Callerton conveyancing practice in 2003 but they have since shut and we did not have the foresight to seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?

A small minority of properties in Callerton do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably withhold but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.

I purchased a 1 bedroom flat in Callerton, conveyancing formalities finalised September 2009. How much will my lease extension cost? Equivalent properties in Callerton with a long lease are worth £211,000. The ground rent is £45 levied per year. The lease finishes on 21st October 2086

With 67 years remaining on your lease we estimate the price of your lease extension to span between £10,500 and £12,000 plus costs.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.

I dont have enough spare money to pay a 10% deposit on my flat purchase in Callerton , but I still want to exchange. What can I do?

One option is to try and agree a lesser deposit. Many vendors will agree to a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute