I am in need of a conveyancer. Should I go for for a national conveyancer or a local Burbage and Hinckley conveyancing lawyer?

Burbage and Hinckley is a special area, where regional insight helps. The laid-back lifestyle has an upside – but not when it comes to your conveyancing. The property lawyers that we endorse display in-depth Burbage and Hinckley intelligence with a professional, can doapproach that ensures everything runs smoothly. It will certainly help if they benefit from good relationships with financial advisers, estate agents, valuers and other Burbage and Hinckley conveyancing solicitors

I have been told that property searches are the number one cause of delay in Burbage and Hinckley conveyancing transactions. Is that correct?

The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Burbage and Hinckley.

Taking into account that I am about to spend over three hundred thousand on a terraced house in Burbage and Hinckley I would like to have a conversation with the lawyer regarding thehouse move ahead of giving the go ahead to the firm. Can this be arranged?

We could not agree more - we would be happy to talk to you we do not take any clients on without you first talking to the solicitor due to be carrying out your property ownership legalities in Burbage and Hinckley.There is no ‘factory style conveyancing’ - each client is an important person, not a matter number. The law firms that we put you in touch with believe that the fees you are provided with for residential conveyancing in Burbage and Hinckley should be the figure that you are charged.

We're new on the property ladder - had an offer accepted, but the property agent has warned us that the seller will only proceed if we instruct the agent's preferred conveyancers as they want a ‘quick sale’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Burbage and Hinckley

It is unlikely the sellers are driving this. If they require ‘a quick sale', turning down a motivated buyer is not the way to achieve this. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you intend to instruct your preferred Burbage and Hinckley conveyancing solicitors - not the ones that will earn their negotiator at the agency a commission or hit his conveyancing thresholds pre-set by corporate headquarters.

I am tempted by the attractive purchase price for a two flats in Burbage and Hinckley both have in the region of 50 years unexpired on the leases. should I be concerned?

There are no two ways about it. A leasehold apartment in Burbage and Hinckley is a deteriorating asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it adversely affects the value of the property. For most purchasers and mortgage companies, leases with under 75 years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Burbage and Hinckley conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I acquired a studio flat in Burbage and Hinckley, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Burbage and Hinckley with over 90 years remaining are worth £185,000. The ground rent is £65 levied per year. The lease comes to an end on 21st October 2085

You have 60 years unexpired we estimate the price of your lease extension to span between £20,000 and £23,000 as well as costs.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns 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 seeking the advice of a professional.