Due to move into my new home in Temple Mills next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. What does the insurance need to cover?

All property lawyers on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 conditions. These obligations are not specific to conveyancing in Temple Mills.

The deeds to my home can not be found. The solicitors who dealt with the conveyancing in Temple Mills 4 years ago have long since closed. What do I do?

As long as you have a registered title the details of your proprietorship will be held by the Land Registry with a Title Number. It is easy to perform a search at the Land Registry, locate your house and obtain current copies of the Registered Entries for less than a fiver. If the title is Leasehold then the Land Registry will usually hold a file copy of the Registered Lease and again, a copy can be retrieved for a small fee.

Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Temple Mills I like with a park and station nearby, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Temple Mills suitable, so just wondered if I would be making a mistake buying a lease with such few years left?

Should you require a home loan the shortness of the lease will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.

What advice can you give us when it comes to appointing a Temple Mills conveyancing firm to carry out our lease extension conveyancing?

When appointing a conveyancer for your lease extension (regardless if they are a Temple Mills conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Temple Mills conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:

What are the costs for lease extension conveyancing?

I purchased a 2 bed flat in Temple Mills, conveyancing having been completed 5 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Temple Mills with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease ceases on 21st October 2094

With only 70 years left to run we estimate the price of your lease extension to span between £9,500 and £11,000 plus professional fees.

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. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.

Why is New Build conveyancing in Temple Mills more expensive?

Conveyancing in Temple Mills for newly converted or new build premises can sometimes involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as additional queries and contractual concerns.