In the event thatI were to purchase a freehold housein Aldersgate mortgage fee and dispense with a survey and no local authority searches how much should I expect to have to pay for conveyancing in Aldersgate?

The only reduction in fees you would achieve is the disbursement for searches. A property lawyer is obliged to do the vast majority of work - money laundering, correspond with the sellers conveyancer, SDLT submission, register the ownership etc. A slight saving might be made by not needing to register a mortgage however it won't be meaningful.

A relative pointed out to me me that in buying a property in Aldersgate there could be a number of restrictions prohibiting external alterations to the property. Is this right?

There are anumerous of properties in Aldersgate which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Aldersgate should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

I happen to be the single beneficiary of my late mum's will with all property in now in my sole name, including the my former home in Aldersgate. The Aldersgate property was put into my name in January. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership could be regarded the same way as though I had purchased the house in January. Is the property unsalable for six months?

The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. Some banks would take a pragmatic view as this obligation chiefly exists to pick up on the purchase and immediately sell or the flipping of properties.

Can I be sure that the Aldersgate conveyancing solicitor on the TSB panel is any good?

When it comes to conveyancing in Aldersgate seeking recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer conducting your conveyancing.

Due to the advice of my in-laws I had a survey completed on a house in Aldersgate before appointing conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some lenders will not give a loan on a flying freehold house.

It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Aldersgate. Conveyancing will be smoother if you use a solicitor in Aldersgate especially if they regularly deal with such properties in Aldersgate.

I've found a house that seems to be perfect, at a reasonable price which is making it all the more appealing. I have since been informed that it's a leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Aldersgate. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?

The majority of houses in Aldersgate are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Aldersgate so you should seriously consider shopping around for a Aldersgate conveyancing solicitor and be sure that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as obtaining the landlord’spermission to conduct changes to the property. You may also be required to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your conveyancer should report to you on the legal implications.

I own a ground floor flat in Aldersgate. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum due for a lease extension?

in cases where there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to assess the sum to be paid.

An example of a Lease Extension matter before the tribunal for a Aldersgate residence is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case affected 2 flats. The unexpired residue of the current lease was 72.39 years.

Should I stop the direct debit for my mortgage with Skipton as soon as a completion date for my home sale in Aldersgate has been set?

You would be well advised to keep meeting any mortgage payments to Skipton until the mortgage is discharged on completion as part of your Aldersgate conveyancing.