Our family lawyer has sent a quote for £1150 for freehold conveyancing in Colerne. I am hoping to downsize from a Edwardian property for £150,000. Is this over the top? Is it in excess of the norm for conveyancing in Colerne?

The estimate does seem a tad steep. If you shop around you might decrease the fees slightly by perhaps £100 plus VAT. On the other hand, you mightlive to rue choosing an an untested conveyancer. Remember to ensure that the solicitor can also act for your mortgage company. Do use our search tool to find a Colerne conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Colerne.

Do the conveyancing solicitors identified via your search tool conduct auction conveyancing in Colerne?

There are a few niche practitioners we can connect you with those conducting auction conveyancing. Colerne is one of the many locations in which our lawyers cover.

Are the Colerne conveyancing solicitors identified as being on the Principality conveyancing panel, together with their details provided by Principality?

Colerne conveyancing firms themselves provide us confirmation that they are on the Principality conveyancing panel as opposed to being supplied with a list from Principality directly.

Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Colerne I like with open areas and station nearby, however it only has 51 years on the lease. I can't really find anything else in Colerne for this price, so just wondered if I would be making a grave error acquiring a short lease?

Should you need a home loan that many years will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.

Do you have any top tips for leasehold conveyancing in Colerne with the aim of speeding up the sale process?

• Much of the frustration in leasehold conveyancing in Colerne can be reduced where you instruct lawyers as soon as you market your property and request that they start to put together the leasehold information needed by the buyers’ representatives.
If there is a history of any disputes with your freeholder or managing agents it is essential that these are resolved before the property is marketed. The buyers and their solicitors will be concerned about purchasing a flat where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is better to reveal the dispute as over rather than unresolved. You believe that you know the number of years left on your lease but it would be wise to verify this by asking your solicitors. A buyer’s conveyancer will not be happy to advise their client to to exchange contracts if the remaining number of years is under 75 years. In the circumstances it is essential at an early stage that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. Many landlords or Management Companies in Colerne charge for providing management packs for a leasehold home. You or your lawyers should find out the actual amount of the charges. The management pack sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Colerne. If you hold a share in a the freehold, you should ensure that you are holding the original share document. Obtaining a duplicate share certificate is often a lengthy process and slows down many a Colerne home move. Where a new share is needed, you should approach the company officers or managing agents (where relevant) for this as soon as possible.

I own a ground floor flat in Colerne, conveyancing formalities finalised April 1996. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Colerne with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 per annum. The lease runs out on 21st October 2090

With only 66 years left to run the likely cost is going to be between £12,400 and £14,200 as well as legals.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.