2 months have elapsed since my purchase conveyancing in Mickleover concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Mickleover is the location of the property. What do you suggest?

Flying freeholds in Mickleover are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Mickleover you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Mickleover may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

I have been recommended by a number of selling agents in Mickleover to get a quote from a solicitor on your site. Is there a financial upside for Estate Agents to promote your lawyers rather than another?

We refuse to offer any financial incentive for directing people in our direction. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.

I am a negotiator for a long established estate agent office in Mickleover where we see a few leasehold sales put at risk due to leases having less than 80 years remaining. I have received inconsistent advice from local Mickleover conveyancing firms. Can you clarify whether the seller of a flat can commence the lease extension process for the purchaser on completion of the sale?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

I purchased a split level flat in Mickleover, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Mickleover with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease finishes on 21st October 2089

With only 64 years left to run we estimate the price of your lease extension to span between £14,300 and £16,400 plus costs.

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 investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.

At long last a mortgage agreement from a bank for the refinancing of my 4 bedroom garden flat is expected within the next few days. Are you able to recommend a cheap remortgage conveyancing law firm in Mickleover ?

This site is not designed to help in pursuit of the cheapest conveyancing in Mickleover. We can offer you excellent value conveyancing but we do not aim to work with the cheapest lawyers. Do not be fooled by companies offering £99 conveyancing in Mickleover.At best, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up paying a lot in additional fee and still not get the service required.