I am in the market for a low cost conveyancer. Do I opt for an internet conveyancer rather than a family Templecombe conveyancing solicitor?

Established third party connections is an important consideration when appointing conveyancing lawyers. Templecombe conveyancers benefit from long term relationships with financial advisers and Templecombe, local authorities, valuers and other law firms meaning the whole process is going to be much more straightforward for you. Possessing a wealth of knowledge of the local area also helps too.

Is there a reason why leasehold purchase conveyancing in Templecombe is more expensive?

In summary, leasehold conveyancing in Templecombe and Somerset usually involve more due diligence compared to freehold transactions. This includes lease investigation, communicating with the landlord about serving required notices, procuring up-to-date service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.

My relative advised me that if I am purchasing in Templecombe I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is usually included in the estimate for your Templecombe conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about Templecombe around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Templecombe.

My husband and I are FTB’s - had an offer accepted, but the property agent told us that the seller will only proceed if we use the agent's preferred conveyancers as they are insisting on an ‘expedited deal’. We would rather use a family conveyancer with experience of conveyancing in Templecombe

It is improbable the sellers are behind this. If they desire ‘a quick sale', turning down a genuine buyer is likely to cause more damage than good. Bypass the agents and go straight to the sellers and explain that (a)you are serious purchasers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to instruct your own,trusted Templecombe conveyancing firm - not the ones that will provide the negotiator at the agency a referral fee or meet his conveyancing thresholds demanded by HQ.

I've found a house that appears to tick a lot of boxes, at a great figure which is making it all the more appealing. I have since discovered that it's a leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Templecombe. Conveyancing solicitors have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in Templecombe ?

The majority of houses in Templecombe are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in Templecombe in which case you should be shopping around for a Templecombe conveyancing practitioner and check that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example obtaining the freeholder’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the upkeep of the estate where the property is located on an estate. Your lawyer should appraise you on the various issues.

I bought a split level flat in Templecombe, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Templecombe with an extended lease are worth £181,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease runs out on 21st October 2075

With just 50 years left to run we estimate the price of your lease extension to range between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.