I am looking for a ground for flat up to £195,000 and found one close by in Hull East I like with amenity areas and station nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Hull East for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?

Should you need a mortgage the remaining unexpired lease term will likely be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.

What tools are available to locate a Hull East solicitor on the Platform Home Loans Ltd conveyancing panel? I drive a motor bike and am willing to travel upto 10miles to meet the lawyer.

Feel free to make use of the search on this page. Please select a lender and your location and you will see a number of Hull East conveyancing lawyers locally. We have listed some Hull East conveyancing firms towards the end of this page and you can contact them to check whether they are on the Platform Home Loans Ltd member panel

I am using a search engine for the words conveyancing in Hull East it brings up many conveyancersin the area. With so much choice what is the best way to find the right property lawyer for my move?

The ideal method of choosing a suitable conveyancer is through a personal referral, so ask colleagues and family who have purchased a property in Hull East or a respected estate agent or mortgage broker. Charges for conveyancing in Hull East differ, so it's advisable to obtain a minimum of three fee estimates from different law firms. Be sure to secure confirmation what costs in the quote includes.

I am a negotiator for a long established estate agent office in Hull East where we have experienced a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have been given contradictory information from local Hull East conveyancing firms. Could you confirm whether the owner of a flat can start the lease extension process for the buyer?

As long as 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 need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, 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 am the registered owner of a leasehold flat in Hull East, conveyancing formalities finalised 8 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Hull East with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £65 per annum. The lease ends on 21st October 2084

With only 61 years left to run we estimate the price of your lease extension to be between £19,000 and £22,000 plus legals.

The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.

Is it true that a Hull East conveyancing company taken to court by a client for failing to conduct the right conveyancing investigations?

Our attention has not be brought to such a Hull East conveyancing matter but according to a recent report, a couple buying a house in Cumbria successfully won a claim against their lawyer as a consequence of development plans to erect a wind farm failing to be identified in conveyancing searches.

If you are purchasing in Hull East It is essential that your solicitor purchase all Hull East conveyancing searches needed making sure that you have accurate and up to date information before buying a home in Hull East.