Can the conveyancing practitioners that you recommend conduct right to buy conveyancing in Southwater?

We work with plenty of conveyancing conveyancers who can handle right to buy conveyancing matters Please call the solicitors listed in order to obtain a costs calculation.

My home in Southwater is up for sale and I have a buyer. Does my conveyancer need to be on the Nottingham conveyancing panel in order to deal with redeeming my mortgage?

Ordinarily, even if your lawyer is not on the Nottingham conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.

My wife and I own a terraced Edwardian property in Southwater. Conveyancing practitioner acted for me and Norwich and Peterborough Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?

You should review 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 Southwater and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing lawyer who conducted the conveyancing.

I decided to have a survey completed on a house in Southwater prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some banks tend refuse to grant a mortgage on a flying freehold house.

It varies from the lender to lender. Lloyds has different requirements from Halifax. If you contact us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Southwater. Conveyancing may be slightly more expensive based on your lender's requirements.

In relation to leasehold conveyancing in Southwater what are the most frequent lease problems?

There is nothing unique about leasehold conveyancing in Southwater. Most leases are drafted differently and drafting errors can result in certain clauses are erroneous. The following missing provisions could result in a defective lease:

A duty to insure the building

A defective lease will likely cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Birmingham Midshires, The Royal Bank of Scotland, and Godiva Mortgages Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, forcing the buyer to withdraw.

I acquired a basement flat in Southwater, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Southwater with over 90 years remaining are worth £190,000. The ground rent is £65 per annum. The lease ends on 21st October 2086

You have 61 years remaining on your lease the likely cost is going to span between £19,000 and £22,000 plus costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.