I was recommended to a conveyancer who has given a fee estimate £1150 for leasehold conveyancing in Mansfield Woodhouse. I am selling a modern detached home for £125,000. Are these conveyancing fees excessive? Is it in excess of the average fee for conveyancing in Mansfield Woodhouse?

The estimate does seem a tad overpriced. Where you are content to spend time scrutinising costs you might trim some of the expense by say £125. On the other hand, you mightlive to regret choosing an an unknown solicitor. Don't forget to enquire that the conveyancer can act for your bank. You can employ our search tool to select a Mansfield Woodhouse conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Mansfield Woodhouse.

We see that you have a post code search directory identifying law firms on the TSB conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Mansfield Woodhouse?

We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Mansfield Woodhouse.

We previously selected conveyancing lawyers with offices in Mansfield Woodhouse on the Lloyds solicitor panel. They have just invoiced me an additional charge for dealing with the Lloyds mortgage. Is this a supplemental conveyancing fee specified by Lloyds?

Unfortunately, as long as it is in their Terms of Engagement or Quote then yes your property lawyer is entitled to levy a fee for this. The charge is not set by Lloyds but by your Mansfield Woodhouse lawyer. Some firms on the Lloyds panel will quote ’dealing with mortgage’ fee and others do not.

My wife and I have organised a further advance on our mortgage from Yorkshire BS as we wish to conduct a loft conversion to our home in Mansfield Woodhouse. Do we need to appoint a nearby Mansfield Woodhouse solicitor on the Yorkshire BS conveyancing panel to deal with the legals?

Yorkshire BS would not normally appoint firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS conveyancing panel.

Nottingham have agreed my mortgage in principle, my offer on a house in Mansfield Woodhouse has been accepted, what are the next steps?

The estate agent will need to know who your solicitors are (ensure that the lawyers are on the bank’s approved list). Call up Nottingham or the broker and complete any appropriate forms. Nottingham will instruct a valuer who will get in contact with the selling agent or vendor to schedule a time for the valuation to take place. Once carried out (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Nottingham will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Mansfield Woodhouse.

I have been on the look out for a ground for flat up to £245,000 and found one round the corner in Mansfield Woodhouse I like with open areas and transport links nearby, however it's only got 51 years on the lease. There is not much else in Mansfield Woodhouse for this price, so just wondered if I would be making a grave error purchasing a short lease?

If you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.

I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have since discovered that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a leasehold house in Mansfield Woodhouse. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?

The majority of houses in Mansfield Woodhouse are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Mansfield Woodhouse in which case you should be looking for a Mansfield Woodhouse conveyancing solicitor and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to carry out changes to the property. It may be necessary to pay a service charge towards the upkeep of the communal areas where the property is part of an estate. Your lawyer will appraise you on the various issues.

I acquired a 1st floor flat in Mansfield Woodhouse, conveyancing having been completed 6 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Mansfield Woodhouse with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 levied per year. The lease finishes on 21st October 2090

With 66 years remaining on your lease we estimate the premium for your lease extension to be between £12,400 and £14,200 plus plus your own and the landlord's "reasonable" professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.