Just been in touch with my conveyancing solicitor in Gedling who acted for me two years ago asking for a conveyancing estimate based on the same type of home move (a leasehold property and a freehold property) of almost identical values with a home loan from . It looks as though am now being charged twice the amount. Better the devil I know or should I seek out an alternative property lawyer?

The quote is slightly on the expensive side. If you you were to look around you could trim some of the expense by say £125. On the other hand, providing that you were pleased with the legal work the firm provided you mightlive to regret opting for an an unknown solicitor. If is important to be sure that the firm can also act for . You can utilise our search tool to choose a Gedling conveyancing firm on the member panel, which can often include conveyancing solicitors in Gedling.

We are selling our house in Gedling and according to the buyers it appears that there is a risk of it being constructed on contaminated land. Any high street Gedling lawyer would know this is not the case. For the life of me I don't know why the buyers instructed a national conveyancing practice rather than a conveyancing solicitor in Gedling. Having lived in Gedling for three years we know of no issue. Do we get in touch with our local Authority to get confirmation that there is no issue.

It sounds as though you may have a conveyancing firm already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)

I moved into my home on 13 September and the transaction details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Gedling advises it should be recorded in a couple of weeks. Are titles in Gedling uniquely lengthy to register?

There is nothing unique about conveyancing in Gedling registration formalities. Rather than based on location, timescales can differ subject to who lodges the application, whether there are errors and if the Land registry must send notices to any interested persons or bodies. At present roughly three quarters of such applications are completed within 12 days but occasionally there can be extensive delays. Registration is effected after the buyer has moved in to the property therefore registration formalities is not always top priority but if it is urgent that the the registration takes place urgently then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.

I am purchasing my first flat in Gedling benefiting from help to buy. The builders refused to budge the price so I negotiated five thousand pounds worth of additionals instead. The estate agent told me not to tell my solicitor about this extras as it may impact my mortgage with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am attracted to a two apartments in Gedling which have about forty five years remaining on the leases. Should I regard a short lease as a deal breaker?

There is no doubt about it. A leasehold apartment in Gedling is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it reduces the salability of the premises. For most purchasers and mortgage companies, leases with under 75 years become less and less marketable. 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 premises 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 premises 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 Gedling 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 the agreed 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.

Gedling Conveyancing for Leasehold Flats - Examples of Queries before buying

Does the lease have in excess of 85 years unexpired? Most Gedling leasehold flats will have a service charge for the upkeep of the building levied on behalf of the landlord. Should you purchase the flat you will have to pay this amount, normally periodically throughout the year. This could differ from two or three hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge to be met yearly, normally this is not a significant figure, say about £25-£75 but you should to check as on occasion it can be many hundreds of pounds. You should want to find out as much as possible about the managing agents as they will either make your life much simpler or uncomfortable. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to day to day matters like the tidiness of the common parts. You should not be afraid to ask prospective neighbours if they are happy with their management. Finally, investigate as to the dates that you are obliged pay the service charge to the managing agents and specifically how they are spending the funds.