Recently been in touch with my conveyancing solicitor in Kidlington who conducted the legals two years ago requesting a conveyancing costs illustration based on an identical type of house sale & purchase (a leasehold property and a freehold property) of similar values with a loan from The Mortgage Works. It looks as though am now being quoted twice the amount. Should I hunt for a cheaper online conveyancer?

The estimate does seem a tad steep. If you are content to expend time comparing prices you could reduce the fees marginally by perhaps £125. On the other hand, assuming were content with the service the firm gave you couldcome to regret choosing an an unknown solicitor. Don't forget to be sure that the firm can also act for The Mortgage Works. You can use our search tool to locate a Kidlington conveyancing firm on the The Mortgage Works conveyancing panel, which can often include conveyancing solicitors in Kidlington.

We are soon to complete buying a house in Kidlington but as a result of damage from the recent storms I have was able negotiate reparation from the owner in the sum of six thousand pounds taking the form of a adjustment in the price. This was going to be dealt with as part of amending the contract however Principality are not allowing this. Why were they notified?

Your conveyancer being on a Principality conveyancing panel is required to advise Principality of any amendments to the sale price. If you were to refuse your property lawyer to disclose the price change to Principality then they would have to discontinue acting for you. In addition, Principality and you would have to appoint a new lawyer for your conveyancing in Kidlington.

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

Kidlington 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.

Have purchased a a semi-detached house in Kidlington , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Kidlington conveyancing solicitor works at snail pace, so I want to check that my ownership is registered.

There is nothing unique about conveyancing in Kidlington registration formalities. As opposed to being determined by geographic area, timescales can adjust depending on the party submitting the application, whether there are errors and whether the Land registry have to notify any 3rd persons or bodies. Currently roughly 80% of submission are fully addressed within 12 days but some can be subject to protracted delays. Historically registration is effected once the new owner has moved in to the premises so 'speed' is not usually an essential issue but if it is urgent that the the registration takes place urgently then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.

I am attracted to a couple of maisonettes in Kidlington both have approximately forty five years unexpired on the leases. Will this present a problem?

There is no doubt about it. A leasehold flat in Kidlington is a wasting asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it reduces the salability of the property. For most buyers and banks, leases with under 75 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 Kidlington 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 inherited a garden flat in Kidlington, conveyancing was carried out March 2000. Can you work out an approximate cost of a lease extension? Corresponding flats in Kidlington with a long lease are worth £260,000. The ground rent is £45 charged once a year. The lease ends on 21st October 2098

You have 74 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as legals.

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. You should 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 without first getting professional advice.