I opted for a Little Haven based solicitor for my conveyancing in Little Haven recently. Reviewing the Ts and Cs I seeI am on the hook for fees even if the sale aborts. Should I go with them or choose an on-line conveyancing company promoting no move no charge conveyancing in Little Haven?

It is usually ‘give and take’ in that if "No Sale No Fee" is advertised then the conveyancing charges will tend to be be uplifted to cover those conveyances that fail to complete. Do bear in mind that such arrangements tend not to cover expenses e.g. Little Haven conveyancing search expenses.

Can you explain why leasehold purchase conveyancing in Little Haven costs more?

Little Haven 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.

Do I have to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Little Haven so that I can pop in to their offices when needed.

As opposed to twenty years ago, almost all lenders no longer need their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to hand over ID documents and there are still distinct advantages to instructing a locally based practitioner, in your case a conveyancing solicitor in Little Haven.

I have been on the look out for a leasehold apartment up to £235,500 and found one close by in Little Haven I like with a park and railway links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Little Haven suitable, so just wondered if I would be making a mistake buying a short lease?

Should you need a home loan the shortness of the lease will be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.

I am on look out for some leasehold conveyancing in Little Haven. Before diving in I require certainty as to the remaining lease term.

Assuming the lease is registered - and most are in Little Haven - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I invested in buying a 1st floor flat in Little Haven, conveyancing was carried out February 1997. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Little Haven with over 90 years remaining are worth £190,000. The ground rent is £45 charged once a year. The lease expires on 21st October 2087

With just 62 years unexpired we estimate the price of your lease extension to span between £17,100 and £19,800 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other 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 based on this information without first seeking the advice of a professional.