I am buying a flat in Lynton. My property lawyer has never been on on the mortgage company conveyancing list. Am I still permitted to continue with my Lynton conveyancing solicitor notwithstanding that they are not on the lender list of approved lawyers?

You have numerous choices available to you here

• Carry on with your preferred Lynton conveyancer but your lender will undoubtedly instruct a conveyancer from their conveyancing panel. The net result is additional charges and potential frustration.
• Appoint a fresh lawyer to act in the purchase, ensuring that they are on the mortgage company conveyancing panel.
• Convince your conveyancing practitioner to attempt to join the bank panel

Is there a reason why leasehold purchase conveyancing in Lynton costs more?

The conveyancing fees on a leasehold property in Lynton is inevitably more expensive than on a freehold transaction. This is due to the supplemental investigations necessary in corresponding with the landlord and managing agents to collate the evidence concerning whether the rent and maintenance charges have been cleared and whether there are any major works due in the foreseeable future on repairs or maintenance of the building.

Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Lynton is where the house is located. Can you offer any assistance?

Flying freeholds in Lynton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lynton you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lynton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

I'm converting the mortgage on my primary home to a BTL loan with Clydesdale and I will use the rest of the raised equity as a down payment on a second property. The location we are talking about is Lynton. Will your lawyers be able to act for both sets of mortgage companies and tie in the two deals?

Make use of our search tool on this site to be sure that the conveyancers are approved by both mortgage companies. Assuming that they are your solicitor will be able to simultaneously deal with the two deals but you should talk with you conveyancer and make apparent your desired outcome and needs.

Can you offer any advice when it comes to appointing a Lynton conveyancing firm to carry out our lease extension conveyancing?

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

How many lease extensions have they completed in Lynton in the last 12 months?

I own a garden flat in Lynton, conveyancing was carried out February 1998. How much will my lease extension cost? Comparable properties in Lynton with a long lease are worth £181,000. The average or mid-range amount of ground rent is £55 levied per year. The lease comes to an end on 21st October 2075

You have 50 years remaining on your lease we estimate the premium for your lease extension to be between £31,400 and £36,200 as well as costs.

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 the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.