Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a simple, no chain conveyancing. Sneyd Park is where the house is located. Is there any guidance you can give?

Flying freeholds in Sneyd Park are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Sneyd Park you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sneyd Park may decide 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 property.

Hoping to buy a property located in Sneyd Park and I am already nervous. I couldn't find anything specific about Sneyd Park. Conveyancing will be needed in due course but do you know about the Sneyd Park area? or perhaps some other tips you can share?

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

I have been sourcing a conveyancing practitioner in Sneyd Park for my purchase. Is it possible to see a firm’s record with the legal regulator?

Members of the public can find documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training reasons.

I am attracted to a couple of flats in Sneyd Park which have about forty five years left on the leases. Do I need to be concerned?

A lease is a right to use the property for a period of time. As the lease gets shorter the saleability of the lease reduces and it becomes more costly to acquire a lease extension. This is why it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on properties of this type. Lease enfranchisement can be a difficult process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this arena.

I purchased a 2 bed flat in Sneyd Park, conveyancing was carried out in 1996. How much will my lease extension cost? Equivalent properties in Sneyd Park with an extended lease are worth £185,000. The ground rent is £65 invoiced every year. The lease ends on 21st October 2086

With only 61 years unexpired we estimate the price of your lease extension to range between £19,000 and £22,000 plus professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.

I am due to review quotes for conveyancing in Sneyd Park from three solicitor and decide on one. Do I instruct them to hold tight until I a suitable flat to buy.

You should only ask your conveyancing practitioner to start work and submit searches after the offer has been accepted on the property particularly as Sneyd Park conveyancing searches are a couple of hundred pounds.