We were about to instruct a conveyancing solicitor in Cinderford found on your site but stumbled across some other quotes on the internet look less expensive – why is this?

One can find numerous conveyancers advertising what appear to be very low prices. Our advice is to give due consideration as to how important this transaction is to you that you are willing to take 'cheap' risks in relation to the quality of the legal work. Some hide extras well inside the terms of engagement. The law firms that we put forward for conveyancing in Cinderford will notdo this.

We have rather pushy sellers who has insisted on a lock out agreement with a payment of 5k. Are such agreements the norm for Cinderford conveyancing transactions?

Lock out agreements are agreements between a property owner and prospective buyer giving the buyer exclusive rights to the sale of the property for a set period of time. Essentially, a lock out is a document specifying that you should receive a contract at a later time which is the contract for the actual sale. It tends to be used for buyer assurance though in some cases, the vendor may enjoy an upside from such agreements as well. There are many positives and negatives to using them but you need to check with your lawyer but note that it may end up costing you extra in conveyancing fees. For these reasons these contracts are rare in relation to conveyancing in Cinderford.

My home in Cinderford is up for sale and I have a buyer. Does the lawyer have to be on the Coventry BS conveyancing panel in order to deal with redeeming my mortgage?

Ordinarily, even if your lawyer is not on the Coventry BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.

In what way does the Landlord & Tenant Act 1954 impact my business property in Cinderford and how can you help?

The particular law that you refer to gives a safeguard to business lessees, giving them the right to apply to court for a new lease and remain in occupation at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Cinderford is one of the hundreds of locations in which our lawyers have offices

There are only 72 years unexpired on my flat in Cinderford. I need to get lease extension but my landlord is missing. What are my options?

On the basis that you qualify, 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 granted an extra 90 years by the Court. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to locate the landlord. In some cases a specialist should be useful to try and locate and to produce a report to be accepted by the court as evidence that the landlord is indeed missing. It is wise to seek advice from a property lawyer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Cinderford.

I am the registered owner of a 1 bedroom flat in Cinderford, conveyancing formalities finalised 9 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Cinderford with over 90 years remaining are worth £181,000. The average or mid-range amount of ground rent is £55 levied per year. The lease terminates on 21st October 2075

You have 50 years remaining on your lease we estimate the price of your lease extension to span between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.