I am in the throes of swapping over from my current residential loan to a BTL Nationwide Building Society mortgage. I was told by my mortgage that I require a solicitor as part of the process. I got in contact with my past Chellaston conveyancing firm who dealt with the legals when I initially acquired the house. The quote e-mailed to me of £470 is an eye-watering amount to do this as I am not require purchase conveyancing - it’s simply a straightforward remortgage.

The quote is fractionally on the steep side. Where you are prepared to invest time scrutinising costs you may be able to reduce the fees slightly by perhaps £100 plus VAT. That being said, if you were pleased with the legal work the firm gave you maycome to rue choosing an an untested lawyer. Remember to check the solicitor can also act for Nationwide Building Society. Do utilise our search tool to find a Chellaston conveyancing firm on the Nationwide Building Society approved list of lawyers, which can often include conveyancing solicitors in Chellaston.

We hope to to purchase with Loughborough BS. We have called around locally but am unable to find a Chellaston conveyancing firm on the Loughborough BS approved list. Please you assist?

Please do take advantage of the find a conveyancing panel solicitor tool on this web page. Please choose the mortgage company and type Chellaston or your location and you will be presented with numerous solicitors offices in Chellaston or near you.

3 months have gone by since my purchase conveyancing in Chellaston took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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 residence 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.

Just had an offer accepted on a new build apartment in Chellaston. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Chellaston

Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.

I am on look out for some leasehold conveyancing in Chellaston. Before diving in I require certainty as to the remaining lease term.

Assuming the lease is recorded at the land registry - and 99.9% are in Chellaston - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I purchased a ground floor flat in Chellaston, conveyancing was carried out in 2001. Can you work out an approximate cost of a lease extension? Equivalent properties in Chellaston with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £50 yearly. The lease expires on 21st October 2101

With 75 years left to run the likely cost is going to span between £8,600 and £9,800 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.