Various internet forums that I have visited warn that are the main cause of stalling in Markyate house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Markyate.

How does conveyancing in Markyate differ for new build properties?

Most buyers of new build property in Markyate approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Markyate tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Markyate or who has acted in the same development.

Taking into account that I will soon part with £400,000 on a house in Markyate I wish to talk to a solicitor regarding theconveyancing ahead of giving the go ahead to the firm. Is this something that you can arrange?

This is something that we recommend - it is our preference to talk to you we do not take any clients on without you speaking to the conveyancer due to be carrying out your property ownership legalities in Markyate.There is no ‘factory style conveyancing’ - each client is unique individual, not a file number. The law firms that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Markyate should be the amount on the final invoice that you are charged.

I am intending to rent out my leasehold flat in Markyate. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?

Your lease dictates relations between the freeholder and you the leaseholder; in particular, it will set out if subletting is not allowed, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. The majority of leases in Markyate do not contain strict prohibition on subletting – such a provision would adversely affect the market value the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a copy of the tenancy agreement.

I purchased a 2 bed flat in Markyate, conveyancing having been completed in 1995. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Markyate with an extended lease are worth £165,000. The ground rent is £45 per annum. The lease expires on 21st October 50

With just 50 years left to run we estimate the price of your lease extension to range between £36,100 and £41,800 plus professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.

Why can't I complete my conveyancing in Markyate on May bank holiday?

Because on completion the money needs to pass between the banks of the buyer and seller's and currently this can only occur on a working day. So you can't complete on a saturday or sunday either.