Is there a reason why leasehold purchase conveyancing in Bitterne is more expensive?

Bitterne leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate 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.

How difficult is it to change firm as I have to retain a firm on the Leeds Building Society conveyancing panel. I had appointed a local conveyancing solicitor in Bitterne round the corner but she is not approved by Leeds Building Society

We will our best to assist in finding you a conveyancing solicitor in Bitterne on the Leeds Building Society panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Bitterne. In utilising search facility on this site, you can scrutinise charges for conveyancing solicitors in Bitterne and throughout England and Wales.

I need to retain a conveyancing solicitor for leasehold conveyancing in Bitterne. I've land on a web site which seems to have the ideal offering If it is possible to get all the legals done via email that would be ideal. Should I be wary? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I am attracted to a couple of maisonettes in Bitterne both have about fifty years left on the lease term. Will this present a problem?

A lease is a legal document that entitles you to use the property for a period of time. As the lease gets shorter the saleability of the lease decreases and it becomes more costly to extend the lease. This is why it is advisable to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional help from a conveyancer and surveyor with experience in this arena.

I own a 1 bedroom flat in Bitterne, 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 Bitterne with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 yearly. The lease terminates on 21st October 2095

With only 70 years remaining on your lease the likely cost is going to span between £9,500 and £11,000 plus costs.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.

We are in the middle of purchasing a property in Bitterne. Conveyancing lawyer has phoned to say the property is "Leasehold". Will this likely adversely affect our Halifax valuation?

Bitterne conveyancing does not normally involve leasehold houses. The main consideration here is the unexpired lease term and the ground rent. If there are hundred of years years remaining with a nominal rent, it's almost the same as freehold, so it’s unlikely to affect the marketability too much.

On the flip side, if it's, say, Sixty years it will have a significant impact on the saleability, and most likely wouldn't be acceptable to the lender. The length of lease and ground rent will be stated in the lease provided to your conveyancing practitioner.