How up to date is your database of Mansfield Woodhouse solicitors on the Aldermore conveyancing panel? Do Aldermore send you an updated list?

Mansfield Woodhouse conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.

I am buying a new build flat in Mansfield Woodhouse. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Mansfield Woodhouse

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are architect prepared.

I have been on the look out for a ground for flat up to £245,000 and identified one near me in Mansfield Woodhouse I like with amenity areas and station in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Mansfield Woodhouse in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?

If you require a mortgage that many years may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.

Am I right to be suspicious about brokers that I am dealing with are encouraging me to use an online conveyancing firm rather than a local Mansfield Woodhouse conveyancing firm?

As is the case with lots of professional services, often referrals from connections can be very helpful. Yet there are lots of players in a conveyancing matter; estate agents, mortgage brokers and lenders may put forward conveyancers to use. Sometimes the solicitors might be known to one of the organisations as being good in their field, but sometimes there behind the scenes financial incentive behind the recommendation. You are free to select your own conveyancer. Don't forget that the majority of mortgage providers specify a panel list of lawyers you have to use for the lender related work in your conveyancing.

Estate agents have just been given the go-ahead to market my garden apartment in Mansfield Woodhouse. Conveyancing lawyers have not yet been instructed, but I have just received a quarterly maintenance charge demand – what should I do?

The sensible thing to do is discharge the service charge as you normally would as all ground rent and service invoices will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until 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. Having a clear account will assist your cause and will leave you no worse off financially.

I own a 1st floor flat in Mansfield Woodhouse, conveyancing was carried out March 1996. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Mansfield Woodhouse with over 90 years remaining are worth £175,000. The average or mid-range amount of ground rent is £65 yearly. The lease expires on 21st October 2082

With 58 years remaining on your lease we estimate the price of your lease extension to range between £23,800 and £27,400 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.