I am in need of a property lawyer. Should I go for for an internet conveyancer or a family Hatch and Old Basing conveyancing lawyer?

Established third party relationships are another important factor to consider when appointing conveyancing lawyers. Hatch and Old Basing conveyancers often have long term relationships with financial advisers and agents, local authorities, valuers and other law firms meaning you will move in shortest possible time. Possessing a wealth of intelligence of the local area also helps too.

I am acquiring a house without a mortgage in Hatch and Old Basing. I have resided for the previous 20 years in Hatch and Old Basing. Conveyancing searches are exorbitant. Given that I know the road and vicinity very well must I have all the conveyancing searches?

In the absence of a mortgage, then all but one or two of the Hatch and Old Basing conveyancing searches are non-obligatory. Your conveyancer will try and sway you, no-doubt strongly, that you should have searches carried out, but he is duty bound to do this. One thing to consider; if you are going to dispose of the house one day, it may be of relevance to your prospective purchaser what the searches contain. On occasion houses with apparent issues can still reveal adverse search results. A good conveyancing solicitor in Hatch and Old Basing will provide you some constructive guidance concerning this.

We're in Hatch and Old Basing, First time buyers buying with a mortgage (lender is Leeds Building Society , and our lawyer is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

Should commercial conveyancing searches reveal impending roadworks that may affect a commercial estate in Hatch and Old Basing?

Many commercial conveyancing solicitors in Hatch and Old Basing will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Hatch and Old Basing. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hatch and Old Basing.

For every commercial conveyancing transaction in Hatch and Old Basing it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Hatch and Old Basing commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Hatch and Old Basing.

I am attracted to a couple of flats in Hatch and Old Basing which have approximately 50 years left on the leases. Should I regard a short lease as a deal breaker?

There are no two ways about it. A leasehold apartment in Hatch and Old Basing is a wasting asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it reduces the salability of the property. The majority of purchasers and banks, leases with under eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Hatch and Old Basing conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I am the registered owner of a split level flat in Hatch and Old Basing, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Hatch and Old Basing with an extended lease are worth £206,000. The ground rent is £45 charged once a year. The lease terminates on 21st October 2091

With just 65 years remaining on your lease we estimate the premium for your lease extension to be between £13,300 and £15,400 as well as professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.