Various online forums that I have visited warn that are the main reason for obstruction in Church Stretton house deals. Is this right?

The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in Church Stretton.

How does conveyancing in Church Stretton differ for newly converted properties?

Most buyers of new build property in Church Stretton contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because developers in Church Stretton usually purchase the land, 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 conveyancers 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 accustomed to new build conveyancing in Church Stretton or who has acted in the same development.

Due to the guidance of my in-laws I had a survey completed on a property in Church Stretton in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some banks may refuse to issue a loan on such a property.

It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you e-mail us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Church Stretton. Conveyancing may be slightly more expensive based on your lender's requirements.

Due to sign contracts shortly on a basement flat in Church Stretton. Conveyancing solicitors have said that they are sending me a report next week. What should I be looking out for?

Your report on title for your leasehold conveyancing in Church Stretton should include some of the following:

The unexpired lease term. You should receive guidance as what happens when the lease ends, and informed of the importance of not letting the lease term falling below eighty years An explanation concerning the obligations as set out in the lease to pay service charges - with regard to both the building, and the more general rights a tenant has The physical ownership of the premises. This may be the property itself but could also incorporate a loft or cellar if relevant. What options are open to you if an adjoining owner breaches a clause of their lease? Who has the liability to repair and maintain the block. It is important that you know which party is liable for the repair and maintenance of all parts of the block and communal areas

I invested in buying a 1st floor flat in Church Stretton, conveyancing was carried out 9 years ago. How much will my lease extension cost? Comparable flats in Church Stretton with over 90 years remaining are worth £176,000. The average or mid-range amount of ground rent is £50 per annum. The lease terminates on 21st October 2104

With 80 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 as well as professional fees.

The figure 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 tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.

I have just placed an offer on a leasehold flat in Church Stretton and the broker that we are using recommended his property lawyer. He quoted £900 excluding VAT and 3rd party costs. Does this sound like a good deal?

Don't just go on a single quote. One should obtain like-for-like quotes for your conveyancing in Church Stretton. Then select one that you trust and just as important, is on the approved panel of the lender that you are sourcing your mortgage from.