When will exchange of contracts occur in residential conveyancing in Coleford and am I required to be at the lawyers branch?

If you are near to one of the conveyancing solicitors in Coleford you are welcome to attend to sign contracts. However, the lender approved solicitors we recommend supply a national conveyancing service and provide just as comprehensive and professional a job for you when dealing with you electronically. The signing of the purchase agreement is not the point of no return. A signed contract is just a prerequisite for the firm to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Coleford)to be in the office available at the end of the phone to exchange contracts.

I am mortgaging my apartment in Coleford, does my lawyer have to be on the Kent Reliance Conveyancing panel?

There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.

I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Coleford is where the house is located. Can you shed any light on this issue?

Flying freeholds in Coleford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Coleford you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Coleford may determine 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 residence.

My father-in-law has recommend that I instruct his conveyancers in Coleford. Should I find my own solicitor?

No doubt the best way to find a conveyancing practitioner is to have referrals from friends or relatives who have experience in using the conveyancer you're considering.

I am in need of some leasehold conveyancing in Coleford. Before I get started I would like to find out the remaining lease term.

If the lease is registered - and 99.9% are in Coleford - 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 am the registered owner of a ground floor flat in Coleford, conveyancing was carried out March 1997. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Coleford with a long lease are worth £260,000. The average or mid-range amount of ground rent is £45 levied per year. The lease runs out on 21st October 2098

With 74 years left to run we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.