Having been told to check out your company we were about to go ahead with a conveyancing solicitor in Bovey Tracey recommended by you but have come across alternative fee calculations via the web look less expensive – why is this?

One can find hundreds of conveyancers advertising what appear to be very low prices. Our recommendation is to think twice about how important this transaction is to you that you are willing to be penny wise pound foolish in relation to the standard of the conveyancing. Many of them highlight a budget fee as a headline but hide additional fees in the fine print..

The Bovey Tracey conveyancing lawyers that just started acting on my purchase in Bovey Tracey have without warning closed. I only went with them because I had to have a lawyer on the Skipton conveyancing panel and my previous Bovey Tracey lawyer was not. I issued them a cheque for £250 in advance. What do I do now?

If you have an estate agent involved then inform them straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Skipton conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.

Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Bovey Tracey is the location of the property. Can you shed any light on this issue?

Flying freeholds in Bovey Tracey are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bovey Tracey 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 Bovey Tracey 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 property.

Is it simple use your search app to find a conveyancing solicitor in Bovey Tracey on the panel for my lender?

First pick a bank such as Lloyds TSB Bank, The Mortgage Works or Nottingham Building Society then specify your location e.g. Bovey Tracey. Conveyancing firms in Bovey Tracey and nationally should be shown.

Having checked my lease I have discovered that there are only 72 years unexpired on my lease in Bovey Tracey. I now want to get lease extension but my freeholder is can not be found. What options are available to me?

If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to locate the freeholder. For most situations an enquiry agent should be useful to carry out a search and to produce a report which can be accepted by the court as proof that the landlord can not be located. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s absence and the application to the County Court overseeing Bovey Tracey.

I own a studio flat in Bovey Tracey, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Comparable properties in Bovey Tracey with a long lease are worth £202,000. The average or mid-range amount of ground rent is £60 invoiced annually. The lease ends on 21st October 2082

With just 57 years left to run we estimate the price of your lease extension to be between £28,500 and £33,000 plus professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use the figures 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 move forward based on this information without first seeking the advice of a professional.