Having been referred to your service we were going to go ahead with a conveyancing solicitor in Ashby de la Zouch found by you but stumbled across some other quotes on the internet seem cheaper – why is this?

One can find many firms of conveyancers offering at first sight what seems to be very low prices. We would encourage you to think twice as to how important this transaction is to you that you are willing to take 'cheap' risks concerning the standard of the legal work. Many of them accentuate a cheap fee to entice you but plant additional charges in the small print..

Please explain the implications if my lawyer’s firm is suspended from the Yorkshire BS Conveyancing panel ahead of completing my conveyancing in Ashby de la Zouch?

The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.

Over the last few months I have been searching for a ground for flat up to £305k and identified one round the corner in Ashby de la Zouch I like with amenity areas and transport links nearby, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Ashby de la Zouch for this price, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you need a mortgage the shortness of the lease may be a potential deal breaker. Reduce the price by the expected 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 may 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 term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.

I am looking for a conveyancing lawyer in Ashby de la Zouch for my house move. Can I check a firm’s record with the legal regulator?

Members of the public can see presented Solicitor Regulator Association (SRA) decisions arising from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. For information Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA could recorded telephone calls for training purposes.

I am attracted to a two apartments in Ashby de la Zouch which have about 50 years unexpired on the lease term. should I be concerned?

A lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease gets shorter the value of the lease decreases and it becomes more expensive to acquire a lease extension. This is why it is advisable to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this area.

Leasehold Conveyancing in Ashby de la Zouch - A selection of Queries before buying

The answer will be important as a) areas could cause problems for the building as the communal areas may start to deteriorate if repairs are not paid for b) if the tenants have an issue with the managing agents you will need to know about it How many of the leaseholders are in arrears for their maintenance charge payments?