I am purchasing a terraced house in Chew Magna. Can I do my own conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Chew Magna you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Chew Magna.

Do I need to pay for insurance to cover chancel repairs when buying a house in Chew Magna?

Unless a previous purchase of the premises took place after 12 October 2013 you could expect conveyancing practitioners carrying out conveyancing in Chew Magna to remain recommending a chancel search and or insurance against a claim.

How does conveyancing in Chew Magna differ for newly converted properties?

Most buyers of new build residence in Chew Magna approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because developers in Chew Magna tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chew Magna or who has acted in the same development.

I have been on the look out for a ground for flat up to £305k and found one round the corner in Chew Magna I like with amenity areas and railway links nearby, however it's only got 61 years unexpired on the lease. There is not much else in Chew Magna for this price, so just wondered if I would be making a grave error buying a lease with such few years left?

If you need a mortgage the shortness of the lease will be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.

I today plan to offer on a house that appears to meet my requirements, at a reasonable price which is making it all the more appealing. I have just discovered that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Chew Magna. Conveyancing lawyers have are about to be instructed. Will they explain the issues?

Most houses in Chew Magna are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. It is clear that you are buying in Chew Magna so you should seriously consider shopping around for a Chew Magna conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. 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 landlord’sconsent to carry out changes to the property. It may be necessary to pay a contribution towards the upkeep of the estate where the house is located on an estate. Your conveyancer will advise you fully on all the issues.

I invested in buying a garden flat in Chew Magna, conveyancing formalities finalised in 2005. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Chew Magna with over 90 years remaining are worth £180,000. The ground rent is £65 levied per year. The lease expires on 21st October 2084

With only 59 years left to run the likely cost is going to range between £20,900 and £24,200 plus legals.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.