My family solicitor has given a fee calculation of £1150 for leasehold conveyancing in Hathern. I am selling a newly refurbished property for £200,000. Is this too much? Is it in excess of the norm for conveyancing in Hathern?

The charges are a little high. If you shop around you might get the conveyancing a bit cheaper by as much as £125. On the other hand, you couldlive to rue opting for an a cheaper conveyancer. Remember to be sure that the conveyancer can represent your lender. Do utilise our comparison tool to select a Hathern conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Hathern.

My son is in the process of securing a new build apartment in Hathern with a home loan from Yorkshire BS. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?

The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Yorkshire BS conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Yorkshire BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

I purchased a freehold property in Hathern but still invoiced for rent, why is this and what is this?

It’s unusual for properties in Hathern and has limited impact for conveyancing in Hathern but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.

What is different about your site and alternative web based conveyancing brokers for conveyancing in Hathern?

At this site get a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Hathern. As opposed to estate agents and many comparison sites we are not in the business of charging firms a fee if you instruct them for your conveyancing in Hathern

I am employed by a busy estate agency in Hathern where we have experienced a few leasehold sales put at risk due to leases having less than 80 years remaining. I have been given contradictory information from local Hathern conveyancing firms. Please can you confirm whether the owner of a flat can start the lease extension formalities for the purchaser on completion of the sale?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.

Alternatively, it may be possible to agree the lease extension with the freeholder 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 buyer.

I own a studio flat in Hathern, conveyancing having been completed January 2001. How much will my lease extension cost? Similar flats in Hathern with an extended lease are worth £179,000. The ground rent is £65 per annum. The lease terminates on 21st October 2082

With just 57 years unexpired we estimate the price of your lease extension to range between £26,600 and £30,800 plus legals.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.