I am purchasing a terraced house in Lutterworth. How practical is it for me to do the conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Lutterworth you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Lutterworth.

Am I right to be concerned by brokers that I am dealing with are encouraging me to use a web based conveyancing firm as opposed to a High Street Lutterworth conveyancing firm?

As with lots of service providers, often suggestions from connections can be extremely useful or valuable. But there are many people with a vested interest in a conveyancing deal; estate agents, mortgage brokers and mortgage companies may suggest solicitors to retain. On occasion these solicitors might be known to one of the organisations as being good in their field, but occasionally there exists a commercial relationship behind the recommendation. You have the discretion to choose your preferred lawyer. You need to be aware that many lenders specify a panel list of lawyers you must use for the mortgage aspect of your home move.

Is it best to appoint a Lutterworth conveyancing solicitor in close proximity to the house I am buying? We have a good friend who can execute the legal formalities however they are based approximately 350miles away.

The primary upside of using a high street Lutterworth conveyancing practice is that you can visit the firm to sign documents, hand in your identification documents and apply pressure on them where appropriate. They will also have local insight which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were content that should outweigh using an unknown Lutterworth conveyancing lawyer solely due to them being round the corner.

I have just appointed agents to market my 2 bed flat in Lutterworth. Conveyancing lawyers have not yet been instructed, however I have just received a half-yearly service charge invoice – what should I do?

Your conveyancing lawyer is likely to suggest that you should clear the service charge as normal given that all rents and service payments will be allotted as part of the financial calculations for completion monies, 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 until 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.

I invested in buying a 1 bedroom flat in Lutterworth, conveyancing was carried out 6 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Lutterworth with an extended lease are worth £180,000. The ground rent is £65 per annum. The lease ceases on 21st October 2084

With only 59 years left to run we estimate the price of your lease extension to range between £20,900 and £24,200 as well as professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.

I am just shy of a 10% deposit on my house purchase in Lutterworth , but I am anxious go ahead. Do I have options?

One option is to try and agree a smaller deposit. Many vendors will agree to a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute