My family lawyer has given a fee estimate just over a thousand pound for leasehold conveyancing in Pewsey. I’m hoping to downsize from a modern detached home for £200,000. This appears expensive. Is it above what I should be paying for conveyancing in Pewsey?

The costs illustration is fractionally on the high side. Where you are content to invest time contrasting prices you may be able to reduce the fees slightly by say a hundred pounds. That being said, you mightlive to rue opting for an an unknown solicitor. Don't forget to enquire that the firm can represent your mortgage company. Do utilise our comparison tool to find a Pewsey conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Pewsey.

is it true that all Pewsey conveyancing solicitors on the Lloyds conveyancing panel are governed by the SRA?

As solicitors, in order to be on the Lloyds approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Many mortgage companies do permit licenced conveyancers on their panel in which case such practice would be overseen by the Council of Licensed Conveyancers.

After weeks of negotiation I have agreed a price on a house in Pewsey. My financial adviser suggested a lawyer. I paid an advanced payment of £150. Soon after, the conveyancing practitioner contacted me sheepishly admitting that they were not on the Lloyds conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Lloyds panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

I had an offer accepted on a house in Pewsey on 3/12/2024, valuation was booked 4 days after, all came back fine. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Leeds Building Society and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Leeds Building Society conveyancing panel. Are Leeds Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?

Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.

I have justbeen informed that Stirling Law have closed. They conducted my conveyancing in Pewsey for a purchase of a leasehold apartment 12 months ago. How can I establish that my home is not still registered in the name of the former proprietor?

The easiest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Pewsey conveyancing specialists.

Over the last few months I have been searching for a flat up to £245,000 and identified one near me in Pewsey I like with amenity areas and railway links nearby, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Pewsey for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you require a home loan that many years will be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you could 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 consult your conveyancing solicitor concerning this matter.

What makes a Pewsey lease defective?

Leasehold conveyancing in Pewsey is not unique. Most leases are unique and drafting errors can sometimes mean that certain provisions are erroneous. The following missing provisions could result in a defective lease:

Clauses dealing with recovering service charges for expenditure on the building or common parts. Insurance obligations

You will have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, Chelsea Building Society, and Godiva Mortgages Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the purchaser to pull out.

I invested in buying a leasehold flat in Pewsey, conveyancing was carried out 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Pewsey with a long lease are worth £206,000. The ground rent is £45 invoiced every year. The lease terminates on 21st October 2091

With only 66 years remaining on your lease the likely cost is going to span between £12,400 and £14,200 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.