The deeds to my house can not be found. The conveyancers who conducted the conveyancing in Silverstone 4 years ago have long since closed. What are my next steps?

Gone are the days when you need to have the physical original deeds to prove you are the registered proprietor of land or property, given that the Land Registry have everything they need in a digital format.

I'm remortgaging my current property to a buy to let loan with The Royal Bank of Scotland and I will use the ballance of the raised equity as a deposit on another property. The neighborhood we are looking at is Silverstone. Will your solicitors be able to act for the two banks and tie in the two deals?

Do use our search tool on this site to be sure that the lawyers are on the relevant lender panels. Having checked that they are your solicitor will be able to connect the two deals but you should talk with you solicitor and make apparent your desired outcome and needs.

Am I best advised to instruct a Silverstone conveyancing practitioner in close proximity to the house I am buying? An old friend can perform the legal formalities however they are based 400kilometers drive away.

The benefit of a local Silverstone conveyancing practice is that you can attend the office to execute documents, present your ID and apply pressure on them where appropriate. Having local Silverstone know how is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were happy that should outweigh using an unknown Silverstone conveyancing lawyer just because they are round the corner.

I am looking at a two maisonettes in Silverstone both have approximately 50 years remaining on the lease term. Will this present a problem?

A lease is a right to use the premises for a prescribed time frame. As a lease shortens the saleability of the lease decreases and results in it becoming more costly to extend the lease. This is why it is often a good idea to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this field.

I inherited a basement flat in Silverstone, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Silverstone with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease finishes on 21st October 2077

With 53 years unexpired we estimate the price of your lease extension to be between £27,600 and £31,800 as well as professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.

I need to consider quotes for conveyancing in Silverstone from numerous conveyancing practitioner and appoint one. Do I ask them to sit tight until I a suitable house to buy.

We would recommend that you wait to get your property lawyer to start work and submit searches once the offer has been agreed to on the property especially as Silverstone conveyancing searches are a couple of hundred pounds.