I instructed a Somerstown based lawyer for my conveyancing in Somerstown today. After carefully reading the Terms I noteI am on the hook for fees even if the movefalls through. Should I ditch them and use a web based lawyer advertising no-sale-no-fee conveyancing in Somerstown?

Generally there is a concession along the lines that if "No Sale No Fee" is advertised then the fee levels will tend to be be uplifted to cover those cases that abort. Dont forget that these schemes generally do not cover expenses such as Somerstown conveyancing search costs.

4 months have gone by since my purchase conveyancing in Somerstown completed. I have checked the Land Registry website which shows that I paid £200,000 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 premises 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.

I am buying a new build house in Somerstown with a mortgage from Yorkshire Building Society. The sellers would not reduce the amount so I negotiated 6k of additionals instead. The estate agent advised me not to tell my lawyer about this extras as it would affect my mortgage with Yorkshire Building Society. Is this normal?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Following months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Somerstown. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

if there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to calculate the premium.

An example of a Lease Extension decision for a Somerstown residence is Flat 120, Clare Court Judd Street in August 2013. the Tribunal held that the premium to be paid for the extension of the lease should be £64,650 This case was in relation to 1 flat. The unexpired residue of the current lease was 62.79 years.

What are the common defects that you come across in leases for Somerstown properties?

Leasehold conveyancing in Somerstown is not unique. Most leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain provisions are wrong. The following missing provisions could result in a defective lease:

A duty to insure the building

A defective lease can cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Birmingham Midshires, Barnsley Building Society, and TSB all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, obliging the purchaser to withdraw.

We have been told by many estate agents to expect up to two months for Somerstown conveyancing to complete.This was four weeks ago. The draft contract was only sent from the vendors property lawyer yesterday so now does it countdown?

There is no conventional timeframe for conveyancing in Somerstown, or any area in the UK. You just have to make sure your finances are in place and wait for the rest to come to you eventually.