Can you explain why leasehold purchase conveyancing in Wickford is more expensive?

Wickford leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

I am close to exchanging contracts on the sale of our property in Wickford and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A local lawyer would know that there is no such problem. It does beg the question why the purchasers used a nationwide conveyancing firm as opposed to a conveyancing solicitor in Wickford. We have lived in Wickford for 4 years we know of no issue. Should we get in touch with our local Authority to get clarification that there is no issue.

It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)

I'm buying my first flat in Wickford with the aid of help to buy. The sellers would not move on the price so I negotiated £7000 of additionals instead. The property agent advised me not disclose to my solicitor about this side-deal as it could impact my loan with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am looking for a leasehold apartment up to £195,000 and identified one round the corner in Wickford I like with open areas and railway links in the vicinity, however it's only got 51 years unexpired on the lease. I can't really find anything else in Wickford for this price, so just wondered if I would be making a grave error acquiring a short lease?

If you need a mortgage that many years will be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.

I am looking to sell my home. My former solicitors closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Wickford if that makes a difference.

Do use our search tool to help you choose a solicitor for your conveyancing in Wickford. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.