My wife and I are due to exchange buying a house in Fallowfield but as a consequence of wreckage from the recent storms I have managed to agree recompense from the current proprietors in the sum of £3k by way of a adjustment in the price. This was going to be dealt with as part of amending the contract however Nottingham will not permit this. Should they have been informed?

The conveyancer being on the Nottingham approved list is obliged to disclose to Nottingham of any variations to the sale price. If you prohibit your conveyancer to disclose the price change to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new solicitor for your conveyancing in Fallowfield.

I have justdiscovered that Wolstenholmes have closed. They conducted my conveyancing in Fallowfield for a purchase of a freehold house 10 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?

The quickest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Fallowfield conveyancing specialists.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Fallowfield is where the house is located. What do you suggest?

Flying freeholds in Fallowfield are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fallowfield you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fallowfield may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

I am tempted by the attractive purchase price for a couple of flats in Fallowfield both have approximately fifty years left on the leases. Will this present a problem?

There are no two ways about it. A leasehold apartment in Fallowfield is a wasting asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it reduces the marketability of the property. For most buyers and banks, leases with less than eighty years become less and less marketable. 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 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 Fallowfield 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. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. 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 purchased a 1st floor flat in Fallowfield, conveyancing was carried out 6 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Fallowfield with over 90 years remaining are worth £171,000. The ground rent is £50 per annum. The lease ceases on 21st October 2103

With 79 years left to run we estimate the price of your lease extension to span between £8,600 and £9,800 plus legals.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.

What do I do if I am not happy with the property lawyer who handled our conveyancing in Fallowfield?

Occasionally the level of service you receive is not as you expect, and is is a fact of life that occasionally matters do not go as planned. Nevertheless there is recourse if you were dissatisfied with your conveyancing in Fallowfield. This varies from trying to resolve matters directly with them, through to reporting a solicitor to their governing body. If you remain dissatisfied you may consider enlisting the help of the Legal Ombudsman.