My previous lawyer has given a fee calculation of £1200 for fixed fee conveyancing in Ferndown. I am looking to sell a purpose built house for £125,000. Are these conveyancing fees excessive? Is it in excess of the average fee for conveyancing in Ferndown?

The charges are a tad high. Where you are happy to spend time scrutinising charges you could get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, you couldlive to regret choosing an a cheaper conveyancer. Remember to enquire the solicitor can represent your mortgage company. Do employ our comparison tool to select a Ferndown conveyancing practice on the banks conveyancing panel which can often include conveyancing solicitors in Ferndown.

Me and my brother own a terraced Georgian house in Ferndown. Conveyancing solicitor represented me and Halifax. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold with the exact same property. Is it worth asking Halifax to clarify?

You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ferndown and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing solicitor who conducted the work.

I am buying a new build flat in Ferndown. Conveyancing is daunting 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 questions that you should expect your new-build leasehold conveyancing in Ferndown

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan.

I am looking for a leasehold apartment up to £305k and identified one close by in Ferndown I like with amenity areas and transport links in the vicinity, the downside is that it only has 52 remaining years left on the lease. There is not much else in Ferndown in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

Should you require a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.

I am looking at a couple of apartments in Ferndown both have approximately fifty years left on the leases. Should I regard a short lease as a deal breaker?

A lease is a legal document that entitles you to use the premises for a period of time. As a lease shortens the saleability of the lease reduces and results in it becoming more expensive to acquire a lease extension. This is why it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a protracted process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this arena.

Ferndown Leasehold Conveyancing - A selection of Questions you should consider Prior to Purchasing

The best form of lease arrangement is a share of the freehold. In this arrangement the lessees enjoy control and even though a managing agent is usually employed if the building is larger than a house conversion, the managing agent is directed by the tenants. This question is important as a) areas may result in problems in the building as the communal areas may start to deteriorate where maintenance remain unpaid b) if the tenants have a dispute with the running of the building you will need to have all the details