The lawyer who dealt with my previous purchase has sent a quote for just over a thousand pound for freehold conveyancing in Caernarfon. I’m looking to sell a Victorian detached home for £200,000. This seems too much. Is it in excess of the norm for conveyancing in Caernarfon?

The charges are a bit high. If you are prepared to spend time contrasting quotes you might reduce the fees slightly by say £100 plus VAT. On the other hand, you mightlive to regret choosing an an untested lawyer. Remember to be sure the conveyancer can also act for your lender. You can make use of our comparison tool to find a Caernarfon conveyancing firm on the lender’s conveyancing panel which can often include conveyancing solicitors in Caernarfon.

IfI was to acquire a simple residential propertyin Caernarfon mortgage fee and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in Caernarfon?

Any savings you would gain will be isolated to the Caernarfon conveyancing searches. The property lawyer still be obliged to do everything else - money laundering, communicating with the sellers conveyancing practitioner, SDLT return, register the title etc. A slight saving might be made by not needing to register a charge but it won't be a lot.

Just had an offer accepted on a new build flat in Caernarfon. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Caernarfon

Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. There must be mutual enforceability of lessee’s covenants.

My business partner and I are hoping to take an assignment of a lease of a shop on a shopping parade. Can you recommend solicitors offering no-move-no fees for non-domestic conveyancing in Caernarfon for less than 1500k?

We can recommend firms who have an in-depth of experience of commercial conveyancing in Caernarfon, including the sale and acquisition of businesses as well as simply premises. Whether you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we will find you the right solicitor. Regarding the costs this will depend on the structure and terms of the deal. Let us have your details or call us so that we can supply you with a fixed commercial conveyancing calculation.

I am looking at a couple of maisonettes in Caernarfon both have in the region of forty five years left on the lease term. Do I need to be concerned?

There is no doubt about it. A leasehold flat in Caernarfon is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it reduces the salability of the property. The majority of purchasers and mortgage companies, leases with under eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises 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 residence 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 Caernarfon 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 any new 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 invested in buying a 1st floor flat in Caernarfon, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Caernarfon with a long lease are worth £195,000. The ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2087

With only 63 years left to run we estimate the price of your lease extension to be between £16,200 and £18,600 plus professional fees.

The suggested premium range above a general guide to costs for extending 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 you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.