I was referred a conveyancer who has sent a quote for £1150 for leasehold conveyancing in Poundbury. I’m looking to sell a Edwardian detached home for £275,000. This appears overpriced. Is it in excess of what I should be paying for conveyancing in Poundbury?

The quote is fractionally on the high side. If you shop around you might get the conveyancing a bit cheaper by perhaps £125. On the other hand, you mightcome to rue choosing an a cheaper conveyancer. If is important to be sure that the solicitor can act for your lender. Do utilise our comparison tool to select a Poundbury conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in Poundbury.

I am considering applying for a Nationwide mortgage for purchase of a newly converted (under development) in Poundbury with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Nationwide ?

There is nothing to stop you using your solicitor, but Nationwide will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.

What makes your site different to alternative internet conveyancing brokers for conveyancing in Poundbury?

At this site receive an accurate quote from a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Poundbury. As opposed to estate agents and brokerage sites we do not charge firms a commission if you select them for your property ownership legalities in Poundbury

I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have since been informed that the title is leasehold rather than freehold. I would have thought that there are particular concerns purchasing a leasehold house in Poundbury. Conveyancing advisers have not yet been appointed. Will they explain the issues?

The majority of houses in Poundbury are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Poundbury in which case you should be shopping around for a Poundbury conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the communal areas where the house is located on an estate. Your solicitor should advise you fully on all the issues.

I acquired a leasehold flat in Poundbury, conveyancing formalities finalised in 1997. How much will my lease extension cost? Equivalent properties in Poundbury with over 90 years remaining are worth £221,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease runs out on 21st October 2095

With 70 years unexpired the likely cost is going to span between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.

My aim is to purchase a ground floor flat in Poundbury. Conveyancing lawyer is waiting for, from the vendor, building insurance documents. This afternoon I was advised that the seller needs to send the insurance paperwork for the flat above in addition. Why would my conveyancer want to review the insurance for the other flat? Is it strictly required? We have been in hold for the previous fortnight…

It is not unheard of in leasehold conveyancing in Poundbury to discover Conveyancing in Poundbury in a minority of cases reveals that the lease requires the tenant's to insure their individual flats rather than the freeholder insuring the complete property - which is clearly better. You should contact your property lawyer but it would seem that your conveyancer is seeking to verify that the entire building is insured. Insuring your residence is no help when it comes to rebuilding after a fire if the other flat cannot be rebuilt due to lack of insurance cover.