We selected a local solicitor for my conveyancing in Stony Stratford recently. After carefully reading the Terms and Conditions it is apparent thatwe are responsible for charges even if the dealdoes not proceed. Would I be best advised to choose an on-line firm promising no move no charge conveyancing in Stony Stratford?

Generally there is a concession along the lines that if "No Sale No Fee" is offered then the fee levels will generally be higher to neutralise the cases that abort. Dont forget that such promotions tend not to cover disbursements such as Stony Stratford conveyancing search charges.

I am acquiring a house mortgage free in Stony Stratford. I have resided for the previous dozen years in Stony Stratford. Conveyancing searches are a lot of money. Given that I have knowledge of the road and vicinity intimately must I have all the conveyancing searches?

In the absence of a mortgage, then the vast majority of the Stony Stratford conveyancing searches are optional. Your lawyer will try and sway you, no-doubt strongly, that you should have searches done, but she is duty bound to take that path of guidance. One thing to take into account; if you are going to dispose of the house at a future date, it could be of importance to your future purchaser what the searches contain. On occasion houses with apparent issues can still show up negative search results. A good conveyancing solicitor in Stony Stratford should be able to give you some sensible advice in this regard.

I used Wolstenholmes several years ago for my conveyancing in Stony Stratford. I now require my papers but the law firm is no longer operating. What do I do?

Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Stony Stratford of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a simple, no chain conveyancing. Stony Stratford is the location of the property. Is there any advice you can give?

Flying freeholds in Stony Stratford are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Stony Stratford you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stony Stratford 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've recently bought a leasehold property in Stony Stratford. Do I have any liability for service charges relating to a period prior to my ownership?

In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I bought a basement flat in Stony Stratford, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Stony Stratford with an extended lease are worth £171,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease terminates on 21st October 2104

With 79 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.