I am considering applying for a Kent Reliance mortgage for purchase of a newly converted (under development) in Kirby Muxloe with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?

There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.

I am buying a new build flat in Kirby Muxloe. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Kirby Muxloe

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. There must be mutual enforceability of lessee’s covenants.

I have been on the look out for a flat up to £235,500 and found one round the corner in Kirby Muxloe I like with amenity areas and transport links nearby, however it's only got 51 years unexpired on the lease. I can't really find anything else in Kirby Muxloe for this price, so just wondered if I would be making a grave error buying a short lease?

Should you need a home loan the shortness of the lease will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.

I am looking to sell my house. My previous conveyancers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Kirby Muxloe if that makes a difference.

You should use our search tool to help you find a solicitor for your conveyancing in Kirby Muxloe. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.

What advice can you give us when it comes to appointing a Kirby Muxloe conveyancing practice to deal with our lease extension?

When appointing a solicitor for lease extension works (regardless if they are a Kirby Muxloe conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Kirby Muxloe conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be helpful:

How experienced is the practice with lease extension legislation? If the firm is not ALEP accredited then what is the reason?

I invested in buying a garden flat in Kirby Muxloe, conveyancing was carried out 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Kirby Muxloe with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease terminates on 21st October 2101

You have 75 years unexpired the likely cost is going to be between £8,600 and £9,800 plus legals.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.