Due to complete my purchase in Shinfield and Arborfield next Monday. My now wants me to supply her with evidence of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?

Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These requirements are not limited to conveyancing in Shinfield and Arborfield.

Can you explain why leasehold purchase conveyancing in Shinfield and Arborfield is more expensive?

Shinfield and Arborfield 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.

The Shinfield and Arborfield conveyancing lawyers that just started acting on my house acquisition in Shinfield and Arborfield have suddenly shut down. I chose them because I had to have a lawyer on the conveyancing panel and my previous Shinfield and Arborfield lawyer was not. I cut them a cheque for two hundred pounds in advance. What do I do now?

Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.

I today plan to offer on a house that seems to tick a lot of boxes, at a great price which is making it all the more appealing. I have just discovered that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a leasehold house in Shinfield and Arborfield. Conveyancing advisers have are soon to be appointed. Will they explain the issues?

Most houses in Shinfield and Arborfield are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are buying in Shinfield and Arborfield in which case you should be looking for a Shinfield and Arborfield conveyancing solicitor and be sure that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as obtaining the landlord’spermission to carry out alterations. You may also be required to pay a service charge towards the upkeep of the communal areas where the property is located on an estate. Your solicitor will report to you on the legal implications.

I invested in buying a split level flat in Shinfield and Arborfield, conveyancing formalities finalised 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Shinfield and Arborfield with over 90 years remaining are worth £165,000. The ground rent is £45 yearly. The lease ends on 21st October 50

With 50 years remaining on your lease we estimate the price of your lease extension to be between £36,100 and £41,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.

We are hoping to buy a repossessed property in Shinfield and Arborfield and the bank selling would like to complete within a week. Can a complete in this timeframe? Would it be better to select a local Shinfield and Arborfield firm or an online company that advertises to offer speedy conveyancing?

Attend your Shinfield and Arborfield high street. Pop in to a couple of companies and ask to see a conveyancing solicitor for a quote. Explain your situation and get assurances on deadlines. Select the one that comes across as most genuine. Make sure to select a on the panel of acceptable to your mortgage company.