The conveyancer who assisted with my previous purchase has sent a quote for £995 for no sale no fee conveyancing in Duston. I’m looking to sell a purpose built house for £225,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in Duston?

The estimate does seem a tad overpriced. If you are prepared to expend time contrasting prices you may be able to shave off some of the cost by say a hundred pounds. On the other hand, you couldlive to rue opting for an an untested lawyer. Don't forget to ensure the firm can also act for your bank. Do employ our comparison tool to find a Duston conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Duston.

Is there a reason why leasehold purchase conveyancing in Duston is more expensive?

The conveyancing charges on a leasehold premises in Duston is often higher as compared to a freehold acquisition or disposal. This is due to the additional investigations necessary in liaising with the landlord and management company to obtain information concerning whether the rent and service charges have been paid and whether there are any major works due in the foreseeable future on repairs or maintenance of the building.

I am buying a house and the lawyer has identified Chancel Repair for which the property may be obligated to pay given it’s proximity to the area of such a church. He has suggested insurance. Is this really appropriate for conveyancing in Duston

Unless a previous purchase of the house took place post 12 October 2013 you could assume that solicitors conducting conveyancing in Duston to remain recommending a chancel search and or insurance against a claim.

I am selling my property. My past conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Duston if that makes things easier.

Please use our search tool to help you find a solicitor for your conveyancing in Duston. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.

I am tempted by the attractive purchase price for a two maisonettes in Duston which have in the region of 50 years unexpired on the lease term. Will this present a problem?

There is no doubt about it. A leasehold apartment in Duston is a wasting asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it adversely affects the marketability of the premises. The majority of buyers and banks, leases with less than eighty years become less and less marketable. 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 property 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 property 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 Duston conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed 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.

Leasehold Conveyancing in Duston - Examples of Questions you should ask Prior to buying

The best form of lease structure is a share of the freehold. In this situation the tenants enjoy control and even though a managing agent is frequently retained if it is bigger than a house conversion, the managing agent retained by the leaseholders. What prohibitions exist in the Duston Lease? How many of the leaseholders are in arrears for their maintenance charge payments?