We wanted to use a conveyancing solicitor in Temple for our home move. Our financial adviser informed us that our bank won't deal with them. Why is this not regarded as unduly restrictive?

A bank will direct that an approved solicitor act for it. Borrowers are liable to meet the charges for this. Try using our search facility to get a quote from a solicitor to conduct conveyancing in Temple on the approved list of solicitors.

Do I need to pay for insurance to cover chancel repairs when acquiring a house in Temple?

Unless a previous acquisition of the premises took place after 12 October 2013 you may take it that conveyancing practitioners carrying out conveyancing in Temple to continue to recommend a chancel search and or insurance against a claim.

What tools are available to search for a Temple solicitor on the conveyancing panel? I drive a motor bike and am willing to travel upto 10kilometers to meet the solicitor.

Feel free to make use of the search on this website. Please pick a lender and your location and you will see a number of Temple conveyancing lawyers locally. We have listed some Temple conveyancing firms towards the end of this page and you can call them to verify if they are on the approved list

I am tempted by the attractive purchase price for a couple of apartments in Temple both have about forty five years left on the leases. should I be concerned?

There is no doubt about it. A leasehold apartment in Temple is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it adversely affects the marketability of the property. For most buyers and banks, leases with less than eighty years become less and less attractive. On a more upbeat 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 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 Temple 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. 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 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.

I bought a 1st floor flat in Temple, conveyancing was carried out in 1995. How much will my lease extension cost? Comparable properties in Temple with over 90 years remaining are worth £165,000. The ground rent is £45 yearly. The lease ends on 21st October 50

With only 50 years unexpired we estimate the price of your lease extension to span between £36,100 and £41,800 as well as professional fees.

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 comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.

What range of conveyancing services do Temple conveyancing organisations handle?

Most Temple conveyancing firms can offer various services to home and land proprietors, vendors, investors, freeholders and tenants assistingwith some of the following:

Residential sale conveyancing in Temple or nationwide Residential purchase conveyancing in Temple and nationwide Buying through Right to Buy (RTB) or Right to Acquire (RTA) schemes Licence for alterations All property dispute issues including rights of way and boundary disputes Create or change arrangements with neighbouring properties