My brother-in-law has suggested I instruct a conveyancing solicitor in Wotton under Edge. I need to find out if they are on the Alliance & Leicester conveyancing panel. Can you help?

You should call the solicitor and enquire whether they are on the lender panel. Alternatively you should get in touch with Alliance & Leicester who may be able to help.

I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Wotton under Edge is where the house is located. What do you suggest?

Flying freeholds in Wotton under Edge are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wotton under Edge you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wotton under Edge may ascertain 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 residence.

Hoping to buy a property located in Wotton under Edge and I am already nervous. I couldn't find anything specific about Wotton under Edge. Conveyancing will be needed in due course but do you know about the Wotton under Edge area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Wotton under Edge. In the meantime here are some basic statistics that we found

Is it best to use a Wotton under Edge conveyancing practitioner based in the area that I am hoping to buy? I have an old university friend who can conduct the legal formalities but his firm is located over three hundred kilometers away.

The benefit of a high street Wotton under Edge conveyancing firm is that you can visit the firm to execute paperwork, hand in your ID and pester them if necessary. Having local Wotton under Edge know how is a bonus. That being said it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and in the main were happy that must outweigh using an unknown Wotton under Edge conveyancing lawyer just because they are local.

I am looking at a two flats in Wotton under Edge which have about forty five years remaining on the leases. Should I regard a short lease as a deal breaker?

There are plenty of short leases in Wotton under Edge. The lease is a right to use the premises for a period of time. As the lease shortens the saleability of the lease deteriorates and results in it becoming more costly to extend the lease. This is why it is advisable to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease as mortgage lenders may be unwilling to lend money on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a solicitor and surveyor with experience in this field.

I acquired a ground floor flat in Wotton under Edge, conveyancing having been completed in 1999. How much will my lease extension cost? Corresponding properties in Wotton under Edge with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease terminates on 21st October 2079

With just 55 years unexpired the likely cost is going to span between £31,400 and £36,200 as well as professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.