Just been in touch with my conveyancing solicitor in Borth Y Gest who completed the legal work two years ago and wanted a conveyancing costs illustration based on an identical type of house move (a leasehold premises and a freehold property) of similar values with a mortgage from Platform Home Loans Ltd. It looks as though am now being charged double. Stick with what I know or should I try and find an alternative firm of conveyancing solicitor?

The estimate does seem a tad overpriced. If you shop around you might decrease the fees slightly by as much as £125. On the other hand, if you were happy with the conveyancing the firm provided you couldlive to regret opting for an a cheaper lawyer. Don't forget to enquire the firm can represent Platform Home Loans Ltd. You can utilise our search tool to get a quote a Borth Y Gest conveyancing firm on the Platform Home Loans Ltd approved list of lawyers, which can often include conveyancing solicitors in Borth Y Gest.

I have been told that property searches are the main reason for obstruction in Borth Y Gest house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of holding up conveyancing in Borth Y Gest.

I decided to have a survey done on a property in Borth Y Gest in advance of instructing conveyancers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some lenders tend refuse to give a mortgage on a flying freehold premises.

It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Borth Y Gest. Conveyancing will be smoother if you use a solicitor in Borth Y Gest especially if they regularly deal with such properties in Borth Y Gest.

What are the frequently found defects that you come across in leases for Borth Y Gest properties?

Leasehold conveyancing in Borth Y Gest is not unique. All leases are individual and legal mistakes in the legal wording can sometimes mean that certain sections are wrong. The following missing provisions could result in a defective lease:

Maintenance charge proportions which don’t add up to the correct percentage A provision to repair to or maintain elements of the property

You could have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Birmingham Midshires, Chelsea Building Society, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, forcing the buyer to withdraw.

I bought a 2 bed flat in Borth Y Gest, conveyancing formalities finalised February 2006. Can you work out an approximate cost of a lease extension? Similar properties in Borth Y Gest with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 per annum. The lease finishes on 21st October 2082

You have 58 years left to run the likely cost is going to range between £22,800 and £26,400 as well as costs.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed 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 considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.

Been looking for a property lawyer for leasehold sale conveyancing in Borth Y Gest. We are selling, simple no mortgage to redeem, no rush, no onward purchase. Got a quote from a conveyancer for £800 including VAT which is a tad steep given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Borth Y Gest?

As it’s a sale only, £450 + VAT would be about the cheapest for a Borth Y Gest solicitor firm.