I selected a local lawyer for my conveyancing in Lechlade recently. Reviewing the small print I noteI am on the hook for costs even if the dealdoes not happen. Should I ditch them and use an internet solicitor practice who offer no move no charge conveyancing in Lechlade?

It is usually a trade off in that if "No Completion No Fee" is available then the conveyancing charges will tend to be be more expensive to neutralise those conveyances that do not proceed. Dont forget that such promotions generally do not protect you from expenses for example Lechlade conveyancing search costs.

What does a local search inform me about the house we're buying in Lechlade?

Lechlade conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations such as Searches UK The local search is essential in every Lechlade conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your property. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.

How does conveyancing in Lechlade differ for new build properties?

Most buyers of new build residence in Lechlade approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is constructed. This is because developers in Lechlade typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Lechlade or who has acted in the same development.

I have been on the look out for a flat up to £195,000 and found one round the corner in Lechlade I like with open areas and station nearby, however it only has 61 years on the lease. There is not much else in Lechlade in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?

Should you require a mortgage the shortness of the lease will be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.

I’m about to sell my 2 bed apartment in Lechlade. Conveyancing has not commenced, however I have just received a quarterly service charge demand – what should I do?

It best that you discharge the invoice as normal given that all rents and service payments should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I inherited a garden flat in Lechlade, conveyancing was carried out May 2002. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Lechlade with a long lease are worth £222,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2096

With only 71 years unexpired we estimate the price of your lease extension to range between £9,500 and £11,000 plus professional fees.

The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.