Is there a search tool that I can utilise to investigate if the solicitor handling my conveyancing in Coventry is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Clydesdale thus spending £192.00 in additional conveyancing fees.

Feel free to take advantage of the find a lender approved solicitor tool on this page. Please choose the mortgage company and type ‘Coventry’ or your location and you will see numerous conveyancers offices in Coventry or nearest you.

Are there restrictive covenants that are commonly picked up during conveyancing in Coventry?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Coventry. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Coventry is the location of the property. Is there any guidance you can give?

Flying freeholds in Coventry are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Coventry you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Coventry may decide 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 premises.

Are there any apps to help search for a Coventry law firm on the Coventry Building Society conveyancing panel? I am a keen cyclist and am willing to travel upto 20kilometers to meet the conveyancer.

Feel free to make use of the facility on this page. Please pick a lender and your location and you will see a number of Coventry conveyancing lawyers locally. We have listed some Coventry conveyancing firms at the bottom of this page and you can contact them to check whether they are on the Coventry Building Society member panel

I am looking at a two apartments in Coventry which have about fifty years left on the leases. Will this present a problem?

There is no doubt about it. A leasehold flat in Coventry is a wasting asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. For most purchasers and lenders, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Coventry conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I acquired a leasehold flat in Coventry, conveyancing was carried out 4 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Coventry with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 yearly. The lease ceases on 21st October 2093

With just 67 years remaining on your lease we estimate the price of your lease extension to be between £10,500 and £12,000 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.