We are selling our house in Peterston Super Ely and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers are using an internet conveyancing practice rather than a conveyancing solicitor in Peterston Super Ely. We have lived in Peterston Super Ely for 4 years we know of no issue. Do we contact our local Authority to get clarification that the buyers are looking for.

It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)

How does conveyancing in Peterston Super Ely differ for new build properties?

Most buyers of new build premises in Peterston Super Ely contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Peterston Super Ely usually purchase the land, 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 accustomed to new build conveyancing in Peterston Super Ely or who has acted in the same development.

Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in Peterston Super Ely I like with open areas and station in the vicinity, the downside is that it only has 61 years on the lease. I can't really find anything else in Peterston Super Ely suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you need a home loan that many years will likely be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.

My father has suggested that I instruct his conveyancers in Peterston Super Ely. Do I take his advice?

There are no two ways about it it’s preferable to find a conveyancing practitioner is to get feedback from friends or relatives who have used the firm that you are contemplating using.

There are only 62 years left on my flat in Peterston Super Ely. I now want to get lease extension but my freeholder is absent. What options are available to me?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. However, you will be required to prove that you or your lawyers have done all that could be expected to locate the landlord. For most situations an enquiry agent may be useful to try and locate and prepare an expert document to be accepted by the court as proof that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s disappearance and the application to the County Court overseeing Peterston Super Ely.

I inherited a 1st floor flat in Peterston Super Ely, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Peterston Super Ely with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease runs out on 21st October 50

You have 50 years left to run the likely cost is going to span between £36,100 and £41,800 as well as costs.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.