Is there a reason why leasehold purchase conveyancing in Weybridge costs more?

In summary, leasehold conveyancing in Weybridge and usually involve additional due diligence compared to freehold transactions. This includes reviewing the lease, communicating with the landlord about serving required notices, procuring current service charge and management information, procuring the landlord’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 entered into.

Are there restrictive covenants that are commonly identified as part of conveyancing in Weybridge?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Weybridge. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Weybridge is where the house is located. Can you shed any light on this issue?

Flying freeholds in Weybridge are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Weybridge you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Weybridge may ascertain 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 residence.

I am selling my home. My previous solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Weybridge if that affects matters.

Do use our search tool to help you find a solicitor for your conveyancing in Weybridge. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.

I invested in buying a leasehold flat in Weybridge, conveyancing was carried out 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Weybridge with an extended lease are worth £165,000. The ground rent is £45 yearly. The lease finishes on 21st October 50

With just 50 years remaining on your lease we estimate the premium for your lease extension to be between £36,100 and £41,800 plus professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.