I am in the throes of swapping over from my domestic loan to a Buy to Let Virgin Money mortgage. I have been informed by my broker that I must appoint a solicitor for this. I had a chat my former England Springs conveyancing firm who who completed the conveyancing when I previously acquired the premises. The quote issued of just over five hundred pounds has taken me by surprise as I am not require purchase conveyancing - it’s simply a straightforward remortgage.

The costs illustration is fractionally on the high side. Where you are prepared to expend time comparing costs you might decrease the fees marginally by perhaps £100 plus VAT. On the other hand, assuming were satisfied with the assistance the firm provided you mightcome to regret choosing an an untested solicitor. Don't forget to enquire the conveyancer can represent Virgin Money. Do make use of our search tool to choose a England Springs conveyancing firm on the Virgin Money approved list of lawyers, which can often include conveyancing solicitors in England Springs.

I am buying a garden flat in England Springs. Can I do my own conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in England Springs you will have to appoint a solicitor on your lender'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 England Springs.

My friend suggested that if I am purchasing in England Springs I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is sometimes quoted for as part of the standard England Springs conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about England Springs around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, England Springs Education with maps and statistics, Local Amenities and other useful information about England Springs.

I am looking for a leasehold apartment up to £195,000 and identified one round the corner in England Springs I like with amenity areas and railway links in the vicinity, the downside is that it's only got 61 remaining years left on the lease. There is not much else in England Springs suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?

Should you require a home loan the shortness of the lease will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.

Last March I purchased a leasehold flat in England Springs. Do I have any liability for service charges for periods before my ownership?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I am the registered owner of a leasehold flat in England Springs, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Comparable properties in England Springs with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 per annum. The lease ceases on 21st October 2089

With 64 years remaining on your lease we estimate the premium for your lease extension to span between £14,300 and £16,400 plus legals.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.