My family lawyer has given a fee estimate £1700 for no sale no fee conveyancing in Gorleston. I am selling a modern property for £175,000. Is this overpriced? Is it above the norm for conveyancing in Gorleston?

The estimate does seem marginally overpriced. If you shop around you could trim some of the cost by say £125. That being said, you maycome to rue choosing an an unknown conveyancer. If is important to enquire that the solicitor can act for your bank. You can use our search tool to select a Gorleston conveyancing practice on the banks member panel which can often include conveyancing solicitors in Gorleston.

It has been five months since my purchase conveyancing in Gorleston completed. I have checked the Land Registry site which shows that I paid £175,000 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 premises 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.

As co-executor for the will of my grandmother I am selling a residence in Swansea but reside in Gorleston. My conveyancer (based 235 kilometers awayneeds me to sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Gorleston to attest and place their company stamp on the document?

Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Gorleston based

I am looking at a two flats in Gorleston which have in the region of fifty years left on the leases. Will this present a problem?

There is no doubt about it. A leasehold apartment in Gorleston is a wasting asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it adversely affects the salability of the premises. The majority of buyers and lenders, 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 Gorleston conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend 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.

Gorleston Leasehold Conveyancing - Sample of Queries before Purchasing

Does the lease have in excess of 82 years unexpired? Are any of leasehold owners in dispute over their service charge payments? Is there a share of the freehold?

I need to review costs for conveyancing in Gorleston from various solicitor and decide on one. Do I get them to sit tight until I I have an offer accepted on a house.

We would recommend that you only get your conveyancer to open a file and apply for searches after the sales memorandum has been issued by the selling agent especially as Gorleston conveyancing searches are costly.