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

The conveyancing fees for a leasehold property in Woodingdean is frequently more expensive than on a freehold acquisition or disposal. This is due to the additional investigations necessary in communicating with the landlord and management company to obtain information about whether the rent and maintenance charges have been cleared and whether there are any major works due in the foreseeable future on repairs or maintenance of the block.

Do commercial conveyancing searches reveal planned roadworks that may affect a commercial land in Woodingdean?

Its becoming the norm that commercial conveyancing solicitors in Woodingdean will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Woodingdean. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Woodingdean.

For every commercial conveyancing transaction in Woodingdean it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Woodingdean commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Woodingdean.

I've recently found out that there is a flying freehold issue on a house I have offered on last month in what should have been a straight forward, chain free conveyancing. Woodingdean is the location of the property. What do you suggest?

Flying freeholds in Woodingdean are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Woodingdean you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodingdean may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I am employed by a busy estate agency in Woodingdean where we see a few flat sales derailed due to leases having less than 80 years remaining. I have received contradictory information from local Woodingdean conveyancing firms. Can you clarify whether the seller of a flat can commence the lease extension formalities for the purchaser on completion of the sale?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.

An alternative approach is 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 inherited a 1st floor flat in Woodingdean, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Woodingdean with an extended lease are worth £211,000. The ground rent is £50 yearly. The lease comes to an end on 21st October 2092

With 68 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.

My work colleague mentioned that before choosing a conveyancing firm they need approved by your mortgage company. This is my first home move but I have an offer in principle via Nat West Bank and I already have a high street conveyancing solicitor in Woodingdean lined up. Can HSBC need an approved lawyer to be instructed? Does a list of panel firms even exist so I can appoint a conveyancing lawyer in Woodingdean?

You should choose a solicitor that is on the HSBC panel. The first thing to do is call your chosen Woodingdean conveyancing solicitor to check if they are on the HSBC panel. If they are not on the panel you have numerous options available to you here:

• Complete the purchase with your chosen Woodingdean lawyer but HSBC will no doubt use a property lawyer from their approved panel. This will result in additional charges together with potential delay.
• Appoint a new property lawyer to act in the purchase, making sure they are on the HSBC conveyancing panel.
• Convince your lawyer to do everything within their powers to get listed on the HSBC panel of solicitors.