I am in need of a property lawyer. Should I go for for a web based conveyancer as opposed to a local Cowfold conveyancing solicitor?

Existing third party relationships are another important factor to consider when appointing conveyancing lawyers. Cowfold law firms often have long term relationships with financial advisers and property, local authorities, valuers and other conveyancing firms meaning you will move in shortest possible time. Having years of insight into the local area is also a plus .

Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Cowfold so that I can attend their offices if required.

Most conveyancing panel lawyers for mortgage companies carry out the vast majority of communications via the post, e-mail or over the phone. This enables them to conduct the conveyancing transaction regardless of where you live in the country. Nevertheless you can check if you can still book an appointment to visit conveyancing lawyer if just in case this is required.

I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Cowfold is the location of the property. Is there any guidance you can give?

Flying freeholds in Cowfold 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 Cowfold you would need to get your solicitor to go 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 Cowfold 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 residence.

How simple is it to use your search tool to choose a conveyancing practitioner in Cowfold on the approved list for my bank?

Step one is to select a lender such as Yorkshire Building Society, Bank of Scotland or Britannia then specify your location for example Cowfold. Conveyancing firms in Cowfold and across England and Wales should be identified.

I am attracted to a couple of flats in Cowfold which have in the region of 50 years unexpired on the lease term. Do I need to be concerned?

There are no two ways about it. A leasehold flat in Cowfold is a wasting asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it reduces the value of the property. For most purchasers and mortgage companies, leases with under 75 years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Cowfold conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I purchased a 1 bedroom flat in Cowfold, conveyancing having been completed April 2000. Can you work out an approximate cost of a lease extension? Similar properties in Cowfold with an extended lease are worth £181,000. The ground rent is £55 yearly. The lease finishes on 21st October 2076

With only 50 years remaining on your lease the likely cost is going to range between £31,400 and £36,200 plus legals.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.