I'm in the process of transferring my current residential home loan to a BTL Leeds Building Society mortgage. The bank has said that I need a conveyancer as part of the process. I got in contact with the same Little Bromwich conveyancing practitioner who acted on my behalf when I first bought the house. The costs illustration issued of £450 plus VAT has taken me by surprise as its a refinance than a sale or purchase.

The quote is slightly on the expensive side. If you shop around you could decrease the fees slightly by as much as £100 plus VAT. On the other hand, assuming were content with the conveyancing the firm offered you couldcome to regret opting for an an unknown lawyer. If is important to be sure the firm can also act for Leeds Building Society. You can utilise our search tool to find a Little Bromwich conveyancing firm on the Leeds Building Society approved list of lawyers, which can often include conveyancing solicitors in Little Bromwich.

I have been told that property searches are a common cause of obstruction in Little Bromwich conveyancing transactions. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Little Bromwich.

I own a semi-detached Edwardian property in Little Bromwich. Conveyancing practitioner represented me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??

You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Little Bromwich and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing solicitor who conducted the conveyancing.

Last April I purchased a leasehold house in Little Bromwich. Am I liable to pay service charges relating to a period prior to completion of my purchase?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I invested in buying a 1st floor flat in Little Bromwich, 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? Similar flats in Little Bromwich with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £65 yearly. The lease ceases on 21st October 2082

With just 58 years unexpired the likely cost is going to span between £22,800 and £26,400 plus costs.

The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.

I am seeking to purchase a repossessed house in Little Bromwich and the mortgagee in possession require completion inside a week. Do solicitors meet that timeframe? Am I best advised to instruct a local Little Bromwich firm or an online conveyancer that professes to offer speedy conveyancing?

Attend your Little Bromwich high street. Go in to two or three companies and request to talk to a conveyancing solicitor for an estimate. Explain your requirements and get assurances on time frames. Choose the firm that appears most genuine. Be sure to select a conveyancer on the list of lawyers approved by your lender.