Finally, a loan offer from NatWest for the remortgage of my 3 room flat is coming any day now. Could you put forward a cheap conveyancing lawyer in Sharnbrook?

You have arrived at the wrong site to search for the cheapest conveyancing in Sharnbrook. Our intention is to offer cost effective conveyancing but we do not advertise as being the cheapest. Avoid the trap of appointing organisations teasing you with £99 conveyancing in Sharnbrook. The optimum outcome, in going for cheap conveyancing, you will get your money’s worth and at worst it will result in you spending a lot in additional fees and still not end up with the service required.

We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to use a local conveyancing solicitor in Sharnbrook?

You should check but the the probability is that appoint one of their panel conveyancers if you accept the "fee-free" offer. Contact the bank and check if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Sharnbrook.

My wife and I purchased a semi-detached Georgian property in Sharnbrook. Conveyancing solicitor represented me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?

You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Sharnbrook and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing solicitor who conducted the purchase.

How does conveyancing in Sharnbrook differ for new build properties?

Most buyers of new build property in Sharnbrook contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because developers in Sharnbrook tend to buy 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 conveyancing solicitors 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 Sharnbrook or who has acted in the same development.

I today plan to offer on a house that appears to be perfect, at a reasonable price which is making it all the more appealing. I have subsequently discovered that it's a leasehold rather than freehold. I am assuming that there are particular concerns purchasing a leasehold house in Sharnbrook. Conveyancing advisers have not yet been appointed. Will they explain the issues?

Most houses in Sharnbrook are freehold and not leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. It is clear that you are purchasing in Sharnbrook in which case you should be looking for a Sharnbrook conveyancing solicitor and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example obtaining the landlord’sconsent to conduct alterations. It may be necessary to pay a service charge towards the upkeep of the estate where the house is located on an estate. Your solicitor will report to you on the legal implications.

I inherited a leasehold flat in Sharnbrook, conveyancing having been completed in 2002. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Sharnbrook with an extended lease are worth £171,000. The average or mid-range amount of ground rent is £50 yearly. The lease ceases on 21st October 2103

With only 79 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as costs.

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 in the absence of detailed investigations. You should not use this information 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. Neither should you take any other action based on this information without first getting professional advice.