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Recently asked questions about conveyancing in Maidenbower

As someone not used to conveyancing in Maidenbower what is your top tip you can impart concerning the legal transfer of property in Maidenbower

You may not hear this from too many lawyers but conveyancing in Maidenbower and elsewhere in England and Wales is an adversarial process. Put another way, when it comes to conveyancing there exists plenty of opportunity for conflict between you and other parties involved in the ownership transfer. For example, the vendor, estate agent and on occasion your lender. Appointing a lawyer for your conveyancing in Maidenbower should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the transaction whose responsibility is to protect your legal interests and to keep you safe.

Sometimes a third party with a vested interest may try and sway you that it is in your interests to do things their way. For instance, the estate agent may claim to be assisting by claiming that your solicitor is wrong. Or your financial adviser may tell you to do take action that is against your solicitors guidance. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.

I decided to have a survey completed on a house in Maidenbower before appointing solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies may refuse to give a loan on a flying freehold premises.

It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you e-mail us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Maidenbower. Conveyancing will be smoother if you use a solicitor in Maidenbower especially if they are acquainted with such properties in Maidenbower.

I am thinking of appointing a conveyancing solicitor in Maidenbower for my home move. Is it possible to see a firm’s record with the legal regulator?

One may search for documented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. For details Pre 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training requirements.

I am intending to sublet my leasehold flat in Maidenbower. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?

Notwithstanding that your previous Maidenbower conveyancing solicitor is no longer around you can check your lease to check if you are permitted to let out the apartment. The accepted inference is that if the deeds are silent, subletting is permitted. There may be a precondition that you are obliged to seek consent from your landlord or some other party before subletting. The net result is that you cannot sublet in the absence of first obtaining consent. The consent should not be unreasonably withheld. If the lease prohibits you from letting out the property you should ask your landlord if they are willing to waive this restriction.

I invested in buying a ground floor flat in Maidenbower, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Maidenbower with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ceases on 21st October 2079

With just 55 years remaining on your lease the likely cost is going to span between £31,400 and £36,200 plus professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.

When it comes to my conveyancing in Maidenbower should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee

(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Maidenbower conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancer's time in submitting the funds this way.

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Find out more about how flying freehold can affect your the value of a property.