I hired a Hoddesdon based firm for my conveyancing in Hoddesdon yesterday. After carefully reading the terms of engagement it is apparent thatI am liable for costs even if our purchase aborts. Should I ditch them and select an internet conveyancing company promoting no completion no cost conveyancing in Hoddesdon?

Generally there is a concession along the lines that if "No Sale No Fee" is offered then the conveyancing charges will generally be more expensive to counteract those conveyances that do not go ahead. Also remember that these schemes generally do not cover outlay such as Hoddesdon conveyancing search expenses.

I am selling my home in Hoddesdon. Does the need to be required to be on the conveyancing panel in order to deal with repayment of my mortgage?

Ordinarily, even if your lawyer is not on the conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.

I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a simple, no chain conveyancing. Hoddesdon is the location of the property. Can you offer any guidance?

Flying freeholds in Hoddesdon are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hoddesdon you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hoddesdon 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 property.

Is it simple use your search tool to select a conveyancing lawyer in Hoddesdon on the authorised to act for my bank?

1st pick a mortgage company such as , or then choose your preferred area e.g. Hoddesdon. Conveyancing organisations in Hoddesdon and across England and Wales will then be listed.

I purchased a leasehold flat in Hoddesdon, conveyancing formalities finalised in 1995. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Hoddesdon with a long lease are worth £165,000. The average or mid-range amount of ground rent is £45 yearly. The lease runs out on 21st October 50

You have 50 years left to run we estimate the premium for your lease extension to be between £36,100 and £41,800 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.