Can you explain why leasehold purchase conveyancing in Haydon Bridge is more expensive?

Haydon Bridge leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

My flat in Haydon Bridge is up for sale and I have a purchaser. Does the conveyancing practitioner have to be on the Lloyds conveyancing panel in order to deal with the discharge of my mortgage?

Ordinarily, even if your lawyer is not on the Lloyds conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.

The deeds to our home can not be found. The conveyancers who dealt with the conveyancing in Haydon Bridge 5 years ago are no longer around. What are my options?

In today’s world there are copies made of almost everything, and your solicitor will know exactly where to look for all the appropriate paperwork so you can purchase or dispose of your property without any difficulty. If duplicates are not available, your lawyer may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on the property.

I have just started marketing my basement apartment in Haydon Bridge. Conveyancing solicitors are to be appointed soon, but I have just received a yearly maintenance charge demand – Do I pay up?

Your conveyancing lawyer is likely to suggest that you should clear the service charge as usual because all rents and maintenance payments should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

I bought a ground floor flat in Haydon Bridge, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Equivalent flats in Haydon Bridge with an extended lease are worth £170,000. The average or mid-range amount of ground rent is £50 yearly. The lease comes to an end on 21st October 2103

With only 78 years left to run the likely cost is going to be between £7,600 and £8,800 plus professional fees.

The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.

Can I discover who is the owner of a house in Haydon Bridge?

As long as the premises is recorded at the Land Registry, and you have enough specifics of the location of the premises, you should be able to view results from the HMLR of the registered proprietor for a a minimal charge.