Would the conveyancing solicitors via your comparison service perform conveyancing in Crawcrook by way of an attended exchange?

We do have a number of conveyancing specialists who can conduct 24hr exchanges. Please contact us to obtain a fee calculation and details as to availability.

We're in Crawcrook, First timers buying with a mortgage (lender is Principality , and our lawyer is on the Principality conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

It has been 2 months since my purchase conveyancing in Crawcrook took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Over the last few months I have been searching for a flat up to £305k and found one close by in Crawcrook I like with a park and transport links nearby, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Crawcrook for this price, so just wondered if I would be making a grave error buying a lease with such few years left?

If you require a home loan the shortness of the lease will be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.

Can you offer any advice when it comes to finding a Crawcrook conveyancing firm to carry out our lease extension conveyancing?

If you are instructing a solicitor for lease extension works (regardless if they are a Crawcrook conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you speak with several firms including non Crawcrook conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:

How experienced is the firm with lease extension legislation? How many lease extensions has the firm conducted in Crawcrook in the last twenty four months?

I invested in buying a ground floor flat in Crawcrook, conveyancing was carried out April 2001. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Crawcrook with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease expires on 21st October 2087

With just 63 years left to run we estimate the price of your lease extension to span between £16,200 and £18,600 as well as 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 in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.