The conveyancer who dealt with my former purchase has given a fee calculation of £1400 for freehold conveyancing in Parkstone. I am selling a Georgian detached home for £300,000. This seems too much. Is it above what I should be paying for conveyancing in Parkstone?

The estimate does seem a tad overpriced. If you are content to invest time comparing prices you could reduce the fees marginally by as much as £125. On the other hand, you maycome to regret choosing an a cheaper conveyancer. Don't forget to ensure that the firm can represent your bank. You can use our search tool to choose a Parkstone conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Parkstone.

I am the registered owner of a freehold premises in Parkstone yet invoiced for rent, why is this and what is this?

It is rare for properties in Parkstone and has limited impact for conveyancing in Parkstone but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.

I am buying a new build flat in Parkstone. Can I do my own conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Parkstone you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Parkstone.

This question may be naive but I am wet behind the ears as a 1st time purchaser of a garden flat in Parkstone. Do I receive the keys to the house on the completion date from my conveyancer? If this is the case, I will appoint a local conveyancing solicitor in Parkstone?

On the day of completion you do not need to go to the conveyancers office in Parkstone. Your solicitors will transfer the completion advance to the seller's conveyancers, and once they have received this, you should be called to pick up the keys from the selling Agents and move into your new home. This tends to happen early afternoon.

We had selected conveyancers with offices in Parkstone on the Nationwide solicitor panel. They are now charging me a separate charge for handling the Nationwide mortgage. Is this a supplemental conveyancing fee set by Nationwide?

Provided it is contained in their Terms and Conditions or Quote then yes your lawyer may charge a fee for this. This charge is not set by Nationwide but by your Parkstone property lawyer. Numerous firms on the Nationwide panel will levy ’dealing with mortgage’ fee and others do not.

Barclays have agreed my home loan in principle, my bid on a house in Parkstone has been accepted, what are the next steps?

Your property agent will need to know who your solicitors are (be sure the lawyers are on the lender’s approved list). Contact Barclays or the financial adviser and finish off any appropriate documentation. Barclays will instruct a valuer who will get in contact with the selling agent or vendor to book a slot for the valuation to happen. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Barclays will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Parkstone.

I have been on the look out for a flat up to £245,000 and found one close by in Parkstone I like with a park and railway links nearby, however it only has 61 remaining years left on the lease. I can't really find anything else in Parkstone in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?

Should you require a home loan the remaining unexpired lease term may be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.