Have purchased a a semi-detached house in Ampthill , What is the estimated time for the Land Registry to record my ownership? My Ampthill conveyancing solicitor works at snail pace, so I want to be certain that my name is recorded.

There is nothing unique about conveyancing in Ampthill registration formalities. Rather than based on location, timescales can vary according to who lodges the application, whether there are errors and if the Land registry communicate with any third persons or bodies. As of today approximately 80% of such applications are completed in less than three weeks but some can be subject to protracted delays. Historically registration occurs once the buyer has moved in to the premises thus registration formalities is not always primary concern but where it is urgent that the the registration takes place urgently then you or your lawyers must contact the land registry and explain the circumstances.

I am purchasing my first flat in Ampthill benefiting from help to buy. The developers would not move on the price so I negotiated £7000 of extras instead. The house builders rep suggested that I not reveal to my conveyancer about this extras as it would affect my loan with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the builder 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.

Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Ampthill is the location of the property. Can you offer any opinion?

Flying freeholds in Ampthill are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ampthill you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ampthill may ascertain 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 property.

What is different about your site and other web based conveyancing solicitors when it comes to conveyancing in Ampthill?

At this site get a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Ampthill. Unlike many estate agents and brokerage sites we are not in the business of charging firms a fee if you select them for your home move in Ampthill

I am looking at a couple of apartments in Ampthill which have approximately fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?

There are no two ways about it. A leasehold flat in Ampthill is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it adversely affects the salability of the property. For most buyers and mortgage companies, leases with under 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 premises 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 Ampthill conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend 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 own a basement flat in Ampthill, conveyancing formalities finalised in 2007. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Ampthill with a long lease are worth £186,000. The ground rent is £55 yearly. The lease finishes on 21st October 2077

You have 52 years unexpired the likely cost is going to range between £29,500 and £34,000 as well as professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.