Recently contacted my conveyancing solicitor in Iver who completed the legal work 18 months ago and wanted a conveyancing quote based on the same type of home move (a leasehold premises and a freehold premises) of similar values with a home loan from TSB. I am now being charged double. Am I right to be tempted to shop around for an alternative firm of conveyancing solicitor?

The estimate fees seem a bit high. Where you are willing to spend time contrasting costs you might reduce the fees slightly by as much as £125. That being said, providing that you were content with the service the firm offered you couldlive to rue choosing an a cheaper solicitor. If is important to be sure the conveyancer can also act for TSB. Do employ our search tool to find a Iver conveyancing firm on the TSB approved list of lawyers, which can often include conveyancing solicitors in Iver.

Would the conveyancing lawyers via your comparison service perform conveyancing in Iver by way of an attended exchange?

We do have a number of conveyancing experts carrying out personalised exchanges. Please contact us to receive a fee calculation and details as to dates.

Do I need to have a meeting at the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Iver so that I can pop in to their offices if necessary.

Whereas this was necessary 12 years ago, the vast majority banks no longer need their conveyancing panel lawyer to witness the borrowers signature. It will still be necessary for you to hand over ID documents and there are still distinct advantages to choosing a local practitioner, in your situation a conveyancing solicitor in Iver.

A relative suggested that where I am buying in Iver I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is sometimes included in the estimate for your Iver conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Iver around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Iver Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Iver Education with plans and statistics, Local Amenities and other useful information about Iver.

I am tempted by the attractive purchase price for a two maisonettes in Iver which have approximately fifty years left on the lease term. Should I regard a short lease as a deal breaker?

There are no two ways about it. A leasehold apartment in Iver is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to its expiry date, the more it reduces the value of the premises. The majority of buyers and mortgage companies, leases with under eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property 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 Iver conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new 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.

I am the registered owner of a ground-floor 1950’s flat in Iver. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the premium due for a lease extension?

if there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to arrive at the premium.

An example of a Freehold Enfranchisement case for a Iver premises is 164 Nestles Avenue in October 2013. The tribunal agreed with the proposed price of £20,158 for the freehold and determined that that sum is the amount to be paid into court This case affected 2 flats. The unexpired term as at the valuation date was 69 years.