I have been told that property searches are the main reason for delay in Calverton conveyancing transactions. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Searches are not likely to feature in any holding up conveyancing in Calverton.

I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Calverton is the location of the property. Can you offer any opinion?

Flying freeholds in Calverton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Calverton you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Calverton may ascertain 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.

I am using a search engine for the term cheap conveyancing in Calverton it reveals many conveyancerslocally. With so much choice what is the best way to find the suitable property lawyer for purchase transaction?

The ideal way of choosing the right conveyancer is through a personal referral, so seek the opinion of friends and those you trust who have acquired a property in Calverton or the respected estate agent or mortgage broker. Costs for conveyancing in Calverton vary, so it's a good idea to request at least three quotes from different property lawyers. Make sure that you clarify that the charges are guaranteed not to increase.

We expect to complete the sale of our £350,000 maisonette in Calverton next week. The managing agents has quoted £384 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Calverton?

Calverton conveyancing on leasehold flats often requires the purchaser’s conveyancer submitting enquiries for the landlord to address. Although the landlord is under no legal obligation to answer these enquiries most will be willing to assist. They may invoice a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is over three hundred pounds, in some situations it exceeds £800. The management information fee levied by the landlord must be accompanied by a synopsis of entitlements and obligations in relation to administration charges, without which the invoice is technically not due. Reality however dictates that you have no choice but to pay whatever is demanded if you want to exchange contracts with the buyer.

I acquired a leasehold flat in Calverton, conveyancing formalities finalised 7 years ago. How much will my lease extension cost? Comparable flats in Calverton with a long lease are worth £192,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease finishes on 21st October 2079

With only 54 years unexpired we estimate the price of your lease extension to span between £32,300 and £37,400 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.

Our conveyancing solicitor in Calverton has informed me that he requires personal identification documents saying that this forms part of his obligations as a solicitor on the mortgage company Conveyancing panel. Can you confirm whether this is the case?

Anti-terror and anti-money-laundering rules require Calverton conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that the mortgage company also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the lender's UK Finance Lenders’ Handbook requirements