We were about to retain a conveyancing solicitor in Gosforth recommended using your comparison tool but stumbled across alternative costs illustrations on the internet look less expensive – how come?

There are plenty of firms promoting pretending to offer cheap conveyancing, unfortunately it’s common in such cases for extrafees end up with the final invoice being inflated. In accordance with regulatory requirements costs contained in terms of engagement should be transparent and reasonable and be applied The solicitors that we list for conveyancing in Gosforth clearly state all costs for a domestic conveyancing case.

How does conveyancing in Gosforth differ for new build properties?

Most buyers of new build property in Gosforth come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is built. This is because developers in Gosforth typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Gosforth or who has acted in the same development.

Due to the guidance of my in-laws I had a survey completed on a property in Gosforth ahead of appointing solicitors. I have been told that there is a flying freehold element to the house. My surveyor advised that some lenders may not give a loan on such a home.

It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Gosforth. Conveyancing may be slightly more expensive based on your lender's requirements.

My wife and I purchased a leasehold house in Gosforth. Conveyancing and Norwich and Peterborough Building Society mortgage are in place. A letter has just been received from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Gosforth who acted for me is not around. What should I do?

First contact the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to instruct a Gosforth conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I own a split level flat in Gosforth, conveyancing having been completed in 2009. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Gosforth with over 90 years remaining are worth £180,000. The ground rent is £65 yearly. The lease terminates on 21st October 2085

With only 59 years remaining on your lease we estimate the premium for your lease extension to span between £20,900 and £24,200 plus costs.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.

20 days into buying a house in Gosforth. Conveyancing lawyer has called to say the title is "Leasehold". Will this likely impact our Santander valuation?

Gosforth conveyancing does not in most situations involve leasehold houses. The main factor here is the length of lease and the ground rent. If it's 999 years with a peppercorn rent, it's almost the same as freehold, so it shouldn't impact the marketability too much.

At the other end of the spectrum, if it's, say, fifty five years it is bound to have a significant impact on the value, and probably wouldn't be acceptable to the mortgage company. The length of lease and ground rent will be set out in the lease which should be made available to your solicitor.