I have been told that property searches are a common reason for delay in Woodhouse Eaves house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Woodhouse Eaves.

The deeds to our home can not be found. The lawyers who handled the conveyancing in Woodhouse Eaves 10 years ago are no longer around. What are my options?

As long as the title is registered the details of your ownership will be recorded by HMLR with a Title Number. It is easy to carry out a search at the Land Registry, find your house and obtain up to date copies of the property title for a small fee. If the property is Leasehold then the Land Registry will usually retain a file duplicate of the Registered Lease and again, a copy can be obtained for a small fee.

What does commercial conveyancing in Woodhouse Eaves cover?

Commercial conveyancing in Woodhouse Eaves incorporates a broad array of advice, offered by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

I've found a house that seems to be perfect, at a reasonable figure which is making it more attractive. I have subsequently found out that it's a leasehold rather than freehold. I would have thought that there are issues purchasing a house with a leasehold title in Woodhouse Eaves. Conveyancing lawyers have not yet been appointed. Will they explain the issues?

The majority of houses in Woodhouse Eaves are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. It is clear that you are purchasing in Woodhouse Eaves in which case you should be looking for a Woodhouse Eaves conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’sconsent to carry out alterations. It may be necessary to pay a maintenance charge towards the upkeep of the estate where the property is located on an estate. Your solicitor should advise you fully on all the issues.

I purchased a 1 bedroom flat in Woodhouse Eaves, conveyancing formalities finalised 9 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Woodhouse Eaves with a long lease are worth £202,000. The ground rent is £60 invoiced every year. The lease ceases on 21st October 2081

With just 57 years left to run the likely cost is going to span between £28,500 and £33,000 as well as legals.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.

How up-to-date is your search tool for the lender conveyancing panel in Woodhouse Eaves? Do the lenders send you an updated list?

Woodhouse Eaves law firm practices and firms conducting conveyancing in Woodhouse Eaves themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the mortgage company directly.