We were about to retain a conveyancing solicitor in Hollywood found on your site but stumbled across some other costs illustrations on the internet look cheaper – how come?

One can find plenty of conveyancing organisations promoting alleged cheap conveyancing, unfortunately it’s common in such cases for extracharges result in the completion invoice being inflated. According to the Legal Ombudsman charges set out in terms of business should be equitable invoiced The law firms that we list for conveyancing in Hollywood set out all legal fees for the property you plan tobuy.

I am acquiring a house for cash in Hollywood. I have resided for the previous twelve years in Hollywood. Conveyancing searches are a lot of money. Given that I know the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?

If you not getting a mortgage, then the vast majority of the Hollywood conveyancing searches are optional. Your conveyancer will try and sway you, no-doubt strongly, that you should have searches completed, but she has a professional duty to take that path of advice. One thing to bear in mind; if you are likely to sell the house one day, it may be of relevance to your prospective purchaser what the searches reveal. On occasion premises with functional issues can still throw up detrimental search results. A good conveyancing solicitor in Hollywood should provide you some helpful guidance here.

Are the Hollywood conveyancing solicitors identified as being on the Santander conveyancing panel, together with their details provided by Santander?

Hollywood conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.

We wanted to use a property lawyer in Hollywood for our house move. Our broker has since advised us that our mortgage lenders Barclays won't deal with them. Surely this is unfair competition?

A mortgage company can direct that a panel solicitor act for it. Borrowers are expected to bear the cost of this. Try using our tool to choose a solicitor to conduct conveyancing in Hollywood on the Barclays conveyancing panel.

I am looking at a couple of maisonettes in Hollywood both have approximately forty five years remaining on the lease term. Will this present a problem?

There are no two ways about it. A leasehold apartment in Hollywood is a deteriorating asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the value of the property. For most buyers and mortgage companies, leases with under 75 years become less and less attractive. 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 a property 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 Hollywood 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 any new 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 own a leasehold flat in Hollywood, conveyancing was carried out in 2011. How much will my lease extension cost? Comparable flats in Hollywood with a long lease are worth £222,000. The ground rent is £50 charged once a year. The lease terminates on 21st October 2097

With only 71 years remaining on your lease the likely cost is going to range between £9,500 and £11,000 plus professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. You should not use the figures 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. Please do not take any other action based on this information before seeking the advice of a professional.