I am purchasing a house without a mortgage in Stanley. I have resided for the previous dozen years in Stanley. Conveyancing searches are exorbitant. Given that I have knowledge of the road and vicinity intimately must I have all the conveyancing searches?

If you not getting a mortgage, then the vast majority of the Stanley conveyancing searches are optional. Your lawyer will ’encourage you, no-doubt strongly, that you should have searches done, but he has a professional duty to take that path of guidance. Do consider; if you are intend to dispose of the house at a future date, it could be of relevance to your future buyer what the searches determine. There are plenty of instances where premises with apparent issues can still throw up unpredicted search results. A good conveyancing solicitor in Stanley should be able to give you some constructive advice here.

What does commercial conveyancing in Stanley cover?

Stanley conveyancing for business premises incorporates a wide range of guidance, provided by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.

We are four weeks into a leasehold purchase having been directed to solicitors by the selling agent to execute conveyancing in Stanley. I am not happy. Can you you assist me in finding new solicitors?

They would need to be really bad in order to consider diss instructing them. Has your loan offer been generated? In the event that it has you need to advise them of the new solicitor and ensure the offer are re-issued. Your new conveyancer needs to be on the lenders panel to avoid added charges and frustration. So that should be your first question of the new conveyancers. Our search tool will help you find a bank approved lawyer for your conveyancing in Stanley

Planning to complete next month on a ground floor flat in Stanley. Conveyancing solicitors assured me that they report fully on Monday. What should I be looking out for?

The report on title for your leasehold conveyancing in Stanley should include some of the following:

How long the lease is. You should be advised as what happens when the lease expires, and aware of the importance of the 80 year mark if lease provides for a reserve account for major works? Whether the lease restricts you from renting out the flat, or having a home office for business Information concerning the obligations as set out in the lease to pay service charges - in respect of the block, and the more general rights a leaseholder enjoys Changes to the flat

I purchased a 2 bed flat in Stanley, conveyancing having been completed January 2011. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Stanley with an extended lease are worth £197,000. The ground rent is £55 invoiced annually. The lease terminates on 21st October 2080

You have 55 years remaining on your lease we estimate the premium for your lease extension to range between £31,400 and £36,200 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 the actual costs in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.

My wife and I have agreed a price on a Stanley apartment left to us six years ago in 2009. I have over twenty years conveyancing knowledge and, although retired, see no reason not to undertake the legal work. The buyer's conveyancing practitioner has informed me that their bank will not allow us to do our own conveyancing mandating that the funds to be sent to a solicitor's bank account.

Mortgage instructions to solicitors from all mainstream lenders state that If the seller does not have legal representation the borrower's lawyers should check whether the bank needs to be told so that a decision can be reached if they are willing to proceed.