three months have gone by following my purchase conveyancing in Mablethorpe took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Over the last few months I have been searching for a leasehold apartment up to £305k and found one round the corner in Mablethorpe I like with amenity areas and transport links in the vicinity, however it only has 52 years unexpired on the lease. I can't really find anything else in Mablethorpe in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you need a mortgage the shortness of the lease will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.

I have been advised by a few selling agents in Mablethorpe to find a property lawyer on your site. What’s the financial incentive for Estate Agents to promote your services ahead of another?

We don’t make any referral fee for sending work to this site. We found it would be just too difficult to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.

Mablethorpe Conveyancing for Leasehold Flats - A selection of Questions you should consider before Purchasing

Are any of leasehold owners in dispute over their service charge liability? If a Mablethorpe lease has no more than 80 years it will have adverse implications on the salability of the flat. Check with your mortgage company that they are happy with residual term of the lease. A short lease means that you will most likely have to extend the lease sooner rather than later and you need to have some idea of what this would cost. For most Mablethorpelease extensions you will need to own the property for a couple of years before you are eligible to extend the lease. It is important to be aware whether a new roof is being installed or some other major work is due shortly to be shared by the leaseholders and may well dramatically impact the level of the maintenance charges or require a one time payment.

I am seeking to buy a repression property in Mablethorpe and the bank selling would like to complete inside 28 days. Can a meet that timeframe? Am I best advised to use a local Mablethorpe firm or an online company that advertises to complete quickly?

Visit your Mablethorpe shopping parade. Go in to two or three companies and request to talk to a conveyancing solicitor for an estimate. Discuss your needs and seek a commitment on time frames. Appoint the one that appears most efficient. Be sure to choose a on the panel of who can act for your lender.