My previous conveyancer has sent a quote for just over a thousand pound for leasehold conveyancing in Stroud Green. I am hoping to sell a Victorian detached home for £250,000. Is this too much? Is it in excess of what I should be paying for conveyancing in Stroud Green?

The estimate does seem a tad overpriced. Where you are content to spend time contrasting costs you might reduce the fees slightly by say £125. On the other hand, you mightcome to rue opting for an an unknown solicitor. Don't forget to check the solicitor can also act for your lender. You can make use of our search tool to locate a Stroud Green conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Stroud Green.

Due to move into my new home in Stroud Green next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?

Any lawyer on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook instructions. These requirements are not unique to conveyancing in Stroud Green.

We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to appoint their panel solicitor as I would much rather appoint a Stroud Green based conveyancing firm?

You should check but the the probability is that appoint one of their panel solicitors if you take up the "fee-free" incentive. Speak to the lender and explore if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Stroud Green.

I am buying a new build flat in Stroud Green. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Stroud Green

There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.

Over the last few months I have been searching for a flat up to £245,000 and found one near me in Stroud Green I like with open areas and transport links in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Stroud Green in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you need a mortgage the shortness of the lease will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.