I was referred a solicitor who has given a fee estimate £1400 for fixed fee conveyancing in Cotgrave. I am looking to sell a purpose built property for £175,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Cotgrave?

The costs illustration is slightly on the expensive side. If you are willing to expend time scrutinising fee on a like for like basis you might reduce the fees slightly by as much as £100 plus VAT. That being said, you mightlive to regret opting for an an unknown solicitor. If is important to enquire the solicitor can represent your lender. Do use our comparison tool to get a quote a Cotgrave conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Cotgrave.

I purchased a freehold premises in Cotgrave but still invoiced for rent, why is this and what is this?

It is rare for properties in Cotgrave and has limited impact for conveyancing in Cotgrave but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.

Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Cotgrave so that I can attend their offices if required.

These days approved lawyers for banks conduct the vast majority of communications via the post, internet or over phone calls. This enables them to carry out the conveyancing transaction no matter where you live in the country. That being said you should see if you have the option of going to the offices of your conveyancing lawyer if needed.

I am buying a new build flat in Cotgrave. Conveyancing is a frightening process 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 is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Cotgrave

Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan.

I am looking for a ground for flat up to £245,000 and identified one round the corner in Cotgrave I like with a park and station in the vicinity, the downside is that it only has 61 years on the lease. I can't really find anything else in Cotgrave in this price bracket, so just wondered if I would be making a grave error buying a short lease?

If you require a mortgage that many years will likely be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.