The solicitor who assisted with my former purchase has sent a quote for £1350 for leasehold conveyancing in Peasedown St John. I am hoping to sell a Victorian detached home for £225,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in Peasedown St John?

The estimate does seem a tad steep. Where you are willing to invest time contrasting quotes you could shave off some of the expense by say a hundred pounds. On the other hand, you mightcome to rue opting for an an unknown lawyer. Don't forget to enquire that the conveyancer can act for your mortgage company. Do make use of our search tool to select a Peasedown St John conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Peasedown St John.

I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Peasedown St John is the location of the property. What do you suggest?

Flying freeholds in Peasedown St John are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Peasedown St John you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Peasedown St John 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.

My father-in-law has recommend that I use his conveyancing solicitors in Peasedown St John. Do I follow his advice?

Much as we are happy to recommend a Peasedown St John conveyancing lawyer it’s preferable to choose a conveyancing lawyer is to seek guidance from friends or family who have used the conveyancer that you are are thinking of instructing.

I work for a busy estate agent office in Peasedown St John where we have experienced a few leasehold sales derailed due to leases having less than 80 years remaining. I have received inconsistent advice from local Peasedown St John conveyancing firms. Could you clarify whether the seller of a flat can commence the lease extension formalities for the purchaser on completion of the sale?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

I own a basement flat in Peasedown St John, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Peasedown St John with over 90 years remaining are worth £195,000. The average or mid-range amount of ground rent is £45 levied per year. The lease finishes on 21st October 2088

You have 63 years remaining on your lease we estimate the premium for your lease extension to span between £16,200 and £18,600 plus legals.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.

What is the reason for my lawyer requiring numerous items of identification ahead of starting selling or purchasing a property in Peasedown St John?

Peasedown St John lawyers are required by the Law Society, Solicitors Regulation Authority, HM Land Registry and current Money Laundering Regulations to record that the have checked the identity of their clients. It is also sometimes a condition of your lender where you are taking a mortgage. In addition they have to complete various forms, particularly those relating to stamp duty land tax and need to have information such as your full names, national insurance number and date of birth.