Our family lawyer has given a fee estimate just over a thousand pound for leasehold conveyancing in Lostwithiel. I am selling a Georgian detached home for £225,000. Are the quoted fees excessive? Is it above the norm for conveyancing in Lostwithiel?

The costs illustration is slightly on the expensive side. Where you are content to invest time contrasting prices you may be able to trim some of the cost by perhaps £125. On the other hand, you maycome to rue opting for an an unknown solicitor. Don't forget to enquire that the conveyancer can also act for your lender. You can use our comparison tool to get a quote a Lostwithiel conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Lostwithiel.

My partner and I are selling our property in Lostwithiel and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any local lawyer would know that there is no such problem. For the life of me I don't know why the buyers instructed a national conveyancing firm as opposed to a conveyancing solicitor in Lostwithiel. Having lived in Lostwithiel for three years we know of no issue. Should we contact our local Authority to get confirmation that the buyers are looking for.

It would appear that you have a conveyancing firm currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)

I have justbeen informed that Stirling Law have been shut down. They carried out my conveyancing in Lostwithiel for a purchase of a leasehold flat 9 months ago. How can I be sure that the property is not still registered in the name of the previous owner?

The easiest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Lostwithiel conveyancing specialists.

I am looking for a flat up to £235,500 and found one round the corner in Lostwithiel I like with open areas and transport links in the vicinity, the downside is that it only has 61 years unexpired on the lease. There is not much else in Lostwithiel for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?

Should you require a mortgage the shortness of the lease may be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.

Estate agents have just been given the go-ahead to market my ground floor apartment in Lostwithiel. Conveyancing has not commenced, but I have just had a yearly service charge demand – Do I pay up?

It best that you pay the maintenance contribution as you normally would given that all ground rent and maintenance payments will be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

Lostwithiel Leasehold Conveyancing - A selection of Queries Prior to buying

It would be wise to discover as much as you can about the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents both financially and when it comes to practical matters such as the tidiness of the common parts. You should not be shy to ask prospective neighbours if they are happy with their service. On a final note, investigate as to the dates that the service fees are due to the managing agents and specifically what it includes. How much is the yearly service fee and ground rent? How long is the Lease?