Can you explain why leasehold purchase conveyancing in Castleton costs more?

The conveyancing costs on a leasehold premises in Castleton is inevitably higher than on a freehold residence. This is because there is an amount of additional investigations necessary in communicating with the landlord and managing agents to obtain evidence concerning whether the rent and service fee have been cleared and whether there are any major works due in the foreseeable future on repairs or maintenance of the block.

We are selling our apartment in Castleton. Will my lawyer need to be required to be on the Coventry BS conveyancing panel in order to deal with paying off my mortgage?

Ordinarily, even if your lawyer is not on the Coventry BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.

My colleague advised me that if I am buying in Castleton I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is occasionally quoted for as part of the standard Castleton conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Castleton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Castleton Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Castleton Education with plans and statistics, Local Amenities and other useful data regarding Castleton.

What tools are available to locate a Castleton law firm on the National Westminster Bank conveyancing panel? I drive a motor bike and am prepared to travel upto 20miles to meet the solicitor.

Feel free to make use of the facility on this website. Please choose the mortgage company and your location and you will see a number of Castleton conveyancing lawyers locally. We have listed some Castleton conveyancing firms at the bottom of this page and you can call them to check whether they are on the National Westminster Bank approved list

I am tempted by the attractive purchase price for a two flats in Castleton which have approximately fifty years left on the leases. Should I regard a short lease as a deal breaker?

A lease is a right to use the premises for a prescribed time frame. As the lease gets shorter the marketability of the lease reduces and it becomes more costly to acquire a lease extension. This is why it is advisable to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage companies may be unwilling to lend money on such properties. Lease extension can be a protracted process. We advise that you seek professional help from a conveyancer and surveyor with experience in this area.

Castleton Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing

Is there a share of the freehold? It is important to be aware whether fixing the lift or some other major work is due shortly to be shared by the tenants and could well materially increase the the maintenance costs or require a one off payment. Does the lease have onerous restrictions?