Just contacted my conveyancing solicitor in Sutton on Trent who acted for me 18 months ago requesting a conveyancing estimate based on the same type of house sale & purchase (a leasehold residence and a freehold premises) of almost identical values with a loan from . It looks as though am now being charged double. Should I look for an alternative firm of conveyancing solicitor?

The estimate does seem a tad on the high side. If you shop around you could trim some of the cost by perhaps £125. On the other hand, if you were happy with the conveyancing the firm offered you mightcome to regret choosing an a cheaper lawyer. Don't forget to enquire the solicitor can represent . You can utilise our search tool to get a quote a Sutton on Trent conveyancing firm on the member panel, which can often include conveyancing solicitors in Sutton on Trent.

It has been four months since my purchase conveyancing in Sutton on Trent took place. I have checked the Land Registry website which shows that I paid £150,000 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 Sutton on Trent with a mortgage from . The developers refused to budge the amount so I negotiated 6k of extras instead. The property agent suggested that I not to tell my lawyer about this deal as it will jeopardize my loan with the lender. Should I keep quiet?.

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.

I am looking for a leasehold apartment up to £195,000 and identified one close by in Sutton on Trent I like with amenity areas and transport links in the vicinity, however it's only got 49 years on the lease. I can't really find anything else in Sutton on Trent suitable, so just wondered if I would be making a mistake buying a lease with such few years left?

Should you need a mortgage the shortness of the lease will be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.

I inherited a basement flat in Sutton on Trent, conveyancing was carried out 1995. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Sutton on Trent with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £45 per annum. The lease comes to an end on 21st October 50

With just 50 years unexpired the likely cost is going to be between £36,100 and £41,800 plus costs.

The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.