I have a terraced Georgian property in Groby. Conveyancing practitioner acted for me and Accord Mortgages Ltd. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?

You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Groby and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing solicitor who carried out the work.

I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a simple, chain free conveyancing. Groby is where the house is located. Can you offer any assistance?

Flying freeholds in Groby are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Groby you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Groby may ascertain 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 residence.

I am using a search engine for the phrase conveyancing in Groby it reveals numerous conveyancersin the area. With so much choice what is the best way to find the suitable property lawyer for purchase transaction?

The preferential way of choosing a suitable conveyancer is via trusted referral, so seek the counsel of colleagues and family who have purchased a property in Groby or a respected estate agent or financial adviser. Charges for conveyancing in Groby vary, so it's a good idea to request a minimum of three estimates from different companies. Dont forget to clarify that the fees are fixed.

I work for a long established estate agency in Groby where we see a number of flat sales derailed due to leases having less than 80 years remaining. I have been given contradictory information from local Groby conveyancing solicitors. Could you shed some light as to whether the seller of a flat can commence the lease extension formalities for the purchaser on completion of the sale?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

I inherited a basement flat in Groby, conveyancing formalities finalised 7 years ago. Can you work out an approximate cost of a lease extension? Corresponding properties in Groby with a long lease are worth £222,000. The ground rent is £50 invoiced annually. The lease finishes on 21st October 2096

With just 70 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as costs.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.

Been looking for a conveyancer for leasehold sale conveyancing in Groby. We are selling, simple no mortgage to pay off, no hurry, currently empty. Received an estimate from a property lawyer for £900 including VAT which is a little high given that its so straightforward. Can I pay less for conveyancing in Groby?

Considering it’s a sale only, £500 + VAT would be about the cheapest for sale conveyancing in Groby.