I went with a local lawyer for our conveyancing in Holywell last week. Upon checking the official terms of business it is apparent thatwe are on the hook for costs even if the dealfalls through. Should I go with them or use an internet conveyancing brokerage who offer no move no charge conveyancing in Holywell?
Generally there is a compromise along the lines that if "No Completion No Fee" is advertised then the conveyancing charges will generally be higher to neutralise those transactions that fail to complete. Dont forget that these deals rarely cover expenditure e.g. Holywell conveyancing search costs.
I require conveyancing for an apartment in a relatively new development (6 years built) in Holywell. Almost all the flats have already been occupied. Do I need carry out the conveyancing searches as part of conveyancing in Holywell?
You are taking a significant risk in not carrying out Holywell conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would strongly advise in no uncertain terms that your conveyancer conducts them. If timings and driving down costs are primary issues you should consider with your conveyancer about the possibility of search insurance
We see that you have a post code search directory listing law firms on the Bank of Ireland conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Holywell?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Holywell.
I have 70 years left on my lease and need a lease extension for my apartment in Holywell. Conveyancing solicitors on the Platform panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 15/5/2026 the requirements read as follows :
Due to the encouragement of my in-laws I had a survey completed on a property in Holywell before retaining solicitors. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies tend not give a mortgage on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Holywell. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Holywell to see if the conveyancing will be more expensive.
I work for a long established estate agent office in Holywell where we have witnessed a number of leasehold sales put at risk due to short leases. I have been given contradictory information from local Holywell conveyancing solicitors. Could you confirm whether the owner of a flat can start the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I acquired a basement flat in Holywell, conveyancing was carried out 7 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Holywell with over 90 years remaining are worth £181,000. The average or mid-range amount of ground rent is £55 per annum. The lease finishes on 21st October 2076
With 50 years unexpired we estimate the premium for your lease extension to span between £31,400 and £36,200 plus 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 renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.