The loan offer from Nationwide for the remortgage of my 3 bedroom flat is coming by the end of next week. Are you able to suggest a low cost conveyancing law firm in Stanwick?

You are on the wrong site if you are seeking cut-price fees for conveyancing solicitors in Stanwick. Our intention is to offer affordable conveyancing but we do not advertise as being the cheapest. Avoid the trap of appointing brokers teasing you with £100 conveyancing in Stanwick. At best, in choosing a lawyer for cheap conveyancing, you will get your money’s worth and at worst it will result in you being stung for additional fees and still not end up with the service you were hoping for.

We note that you have a search directory listing law firms on the TSB conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Stanwick?

We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Stanwick.

Is there a search tool that I can utilise to discover of the solicitor conducting my conveyancing in Stanwick is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Nottingham Building Society thus paying £175.00 in further conveyancing bill.

You should take advantage of the search tool on this site. Please choose the mortgage company and type ‘Stanwick’ or your location and you will see a number of lawyer based in Stanwick or near you.

I opted to have a survey done on a property in Stanwick ahead of instructing lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some lenders may refuse to give a loan on a flying freehold property.

It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Stanwick. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stanwick to see if the conveyancing will be more expensive.

I am a negotiator for a reputable estate agency in Stanwick where we have witnessed a few leasehold sales jeopardised as a result of short leases. I have been given inconsistent advice from local Stanwick conveyancing solicitors. Could you shed some light as to whether the vendor of a flat can commence the lease extension formalities for the buyer?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

I purchased a ground floor flat in Stanwick, conveyancing formalities finalised May 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Stanwick with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease runs out on 21st October 2086

With just 60 years remaining on your lease we estimate the price of your lease extension to span between £20,000 and £23,000 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should 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 should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.