Much to our surprise we have been notified by our financial adviser that my Park Hill lawyer is not on the lender Conveyancing panel. What can I do to check?

You need to contact your Park Hill lawyer directly. It is reasonable to expect your lawyer to inform you what has happened. Where they are not on the panel they may recommend you to a Park Hill conveyancing firm that is on the conveyancing panel for your bank.

My brother-in-law has suggested I instruct a conveyancing solicitor in Park Hill. I need to find out whether they are on the TSB approved list of lawyers. Can you help?

You should e-mail the lawyer and enquire whether they can act for the lender. Otherwise please get in touch with TSB who may be able to assist.

4 months have gone by following my purchase conveyancing in Park Hill completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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.

I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable price which is making it all the more appealing. I have since found out that the title is leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in Park Hill. Conveyancing advisers have are soon to be instructed. Will they explain the issues?

The majority of houses in Park Hill are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. It is clear that you are buying in Park Hill so you should seriously consider shopping around for a Park Hill conveyancing solicitor and check that they are used to advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’spermission to conduct alterations. It may be necessary to pay a service charge towards the maintenance of the estate where the house is located on an estate. Your conveyancer will advise you fully on all the issues.

I am the registered owner of a 2 bed flat in Park Hill, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Park Hill with an extended lease are worth £227,000. The ground rent is £50 charged once a year. The lease ends on 21st October 2092

You have 72 years remaining on your lease we estimate the premium for your lease extension to range between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is 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 the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.

Me and my fiance are soon to complete on the purchase a house in Park Hill but as a consequence of damage from the recent storms I have negotiated reparation from the owner of £3k taking the form of a deduction in the price. This was going to be dealt with as part of the conveyancing process however the lender will not agree to this. Should they have been approached?

Any lawyer that is on a lender conveyancing panel is obliged to disclose to the lender of any amendments to the sale price. If you did not allow your property lawyer to disclose the reduction to your bank then they would have no choice but to discontinue acting for you and the mortgage company.