Is there a reason why leasehold purchase conveyancing in Merriott is more expensive?

Merriott leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

It has been five months since my purchase conveyancing in Merriott concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Due to the encouragement of my in-laws I had a survey completed on a property in Merriott ahead of retaining solicitors. I have been informed that there is a flying freehold element to the property. The surveyor advised that some mortgage companies will refuse to issue a loan on this type of house.

It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Merriott. Conveyancing may be slightly more expensive based on your lender's requirements.

I need to appoint a conveyancing solicitor for freehold conveyancing in Merriott. I've chance upon a web site which looks to be the ideal answer If there is a chance to get all the legals completed via web that would be preferable. Should I be concerned? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

We are in the midst of selling our flat in Merriott. Conveyancing lawyers are doing their job but we are being charged an extortionate amount by the managing agents. So far we have forked out £225 for a leasehold management pack and then a further £118 for answers to questions supplied by the purchaser's solicitor.

Neither you or your conveyancing practitioner will have any control over the level of the charges for this information however the typical fee for the information for Merriott leasehold premises is £355. When it comes to Merriott conveyancing sales it is standard for the vendor to pay for these costs. The freeholder or their agents are under no statutory obligation to address such questions most will agree to do so - albeit often at high prices where the fees bear little relation to the work involved. Unfortunately there is no legislation that mandates capped charges for administrative tasks. There is no legal time limit by which they are duty bound to issue answers.