At what point can the exchange of contracts take place for domestic conveyancing in Roade and do I need to attend the lawyers branch?

Where you are local to our conveyancing solicitors in Roade you are invited in to sign contracts. However, the lender approved solicitors we work with provide countrywide coverage for conveyancing and provide just as diligent and professional a job for you when communicating with you electronically. The signing of the sale agreement is not the important part. A signed contract simply enables the solicitor to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Roade)to be in the office available at the end of the phone to exchange contracts.

Do I need to take out insurance to address the risk of chancel repairs when purchasing a property in Roade?

Unless a prior acquisition of the premises took place after 12 October 2013 you may expect lawyers conducting conveyancing in Roade to continue to suggest a chancel search and or insurance against a claim.

I've recently found out that there is a flying freehold element on a property I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Roade is where the house is located. What do you suggest?

Flying freeholds in Roade are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Roade you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Roade may decide 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 premises.

Is it best to instruct a Roade conveyancing practitioner based in the area that I am buying? We have a good friend who can carry out the conveyancing but his firm is located 200miles drive away.

The primary upside of using a high street Roade conveyancing firm is that you can pop in to execute documents, present your ID and pester them where appropriate. They will also have local intelligence which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and they were content that must outweigh using an unfamiliar Roade conveyancing solicitor just because they are local.

I would like to let out my leasehold apartment in Roade. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?

Your lease dictates relations between the freeholder and you the leaseholder; specifically, it will say if subletting is prohibited, or permitted but only subject to certain caveats. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. The majority of leases in Roade do not prevent strict prohibition on subletting – such a provision would adversely affect the market value the flat. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.

I purchased a 1st floor flat in Roade, conveyancing formalities finalised April 2007. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Roade with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease runs out on 21st October 2080

With only 55 years remaining on your lease the likely cost is going to span between £31,400 and £36,200 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 the actual costs without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be 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 before seeking the advice of a professional.