I have been told that property searches are the primary reason for delay in Tibshelf house deals. Is that correct?

The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays during the legal transfer of property. Searches are not likely to be the root cause of delay in conveyancing in Tibshelf.

Hoping to buy a property located in Tibshelf and I am already nervous. I couldn't find anything specific about Tibshelf. Conveyancing will be needed in due course but do you know about the Tibshelf area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Tibshelf. In the meantime here are some basic statistics that we found

In sourcing the web for the phrase on line conveyancing in Tibshelf it brings up numerous property lawyerslocally. With so much choice what is the best way to find the suitable solicitor for the sale of my house?

The ideal method of choosing a suitable conveyancer is via trusted testimonial, so enquire of colleagues and family who have purchased a property in Tibshelf or the local estate agent or mortgage broker. Charges for conveyancing in Tibshelf vary, so it's advisable to obtain at least four quotes from different companies. Make sure that you know that the fees are fixed.

I am tempted by the attractive purchase price for a couple of maisonettes in Tibshelf which have about 50 years unexpired on the lease term. Will this present a problem?

There are no two ways about it. A leasehold flat in Tibshelf is a wasting asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the value of the premises. The majority of buyers and mortgage companies, leases with less than eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Tibshelf conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I bought a garden flat in Tibshelf, conveyancing having been completed December 2005. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Tibshelf with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease terminates on 21st October 2077

With only 52 years unexpired the likely cost is going to span between £29,500 and £34,000 as well as legals.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.

Myself and my partner have recently had an offer agreed on a flat and had an appointment on Friday with the Post Office for the mortgage. They advised me that when it comes to choosing a conveyancing practitioner that if they are not on their approved list of conveyancers then we will incur an extra charge of about two hundred pounds. This is is due to the fact that they will then have to appoint a solicitor to act on their behalf as well as the one we choose to act for ourselves and we are liable for their costs. I have asked the Post Office to furnish me with a list so I can seek quotes only from their approved solicitors but was told they dont have such a list to hand over. Is there a list online?

Ask the Post Office what their panel criteria is for a conveyancer.Thereafter ask the conveyancing practitioner of your choice whether they meet the criteria and have they acted on mortgages for the Post Office before. Where the answer to those is yes, then just double check with the Post Office. Another option is to make use of our search tool and we should be able to locate a lawyer in Tibshelf on the panel for the Post Office.