The Petworth conveyancing firm handling our Petworth conveyancing has identified a discrepancy between the information in the home valuation survey and what is revealed within the legal papers for the property. My lawyer has advised that he must check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s course or action appropriate?

Your must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

I have recentlybecome aware that Wolstenholmes have been shut down. They conducted my conveyancing in Petworth for a purchase of a leasehold apartment 12 months ago. How can I check that my home is not still registered in the name of the former proprietor?

The easiest way to check if the premises is registered to you, you can make 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 Petworth conveyancing specialists.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Petworth is the location of the property. Can you offer any assistance?

Flying freeholds in Petworth are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Petworth you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Petworth may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

I am looking into buying my first house which is in Petworth and I am already nervous. I couldn't find anything specific about Petworth. Conveyancing will be needed in due course but do you know about the Petworth area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Petworth. In the meantime here are some basic statistics that we found

I am looking at a couple of maisonettes in Petworth which have in the region of 50 years unexpired on the lease term. Will this present a problem?

A lease is a right to use the premises for a period of time. As the lease gets shorter the value of the lease reduces and it becomes more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies may be reluctant to lend money on properties of this type. Lease enfranchisement can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this field.

I own a studio flat in Petworth, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Comparable properties in Petworth with an extended lease are worth £165,000. The ground rent is £45 levied per year. The lease runs out on 21st October 50

With only 50 years unexpired we estimate the price of your lease extension to be between £36,100 and £41,800 as well as professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.