Why do I have to pay up front for my conveyancing in Becontree?
Where you are retaining lawyers for conveyancing in Becontree your lawyer will ask you to provide them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the deposit is payable against the total price then this will be asked for immediately in advance of exchange of contracts. Any further balance that is needed will be payable a couple of days prior to the completion date.
About to place a bid on a leasehold apartment in Becontree. The property agents say that it is standard for flats in Becontree to have less than 75 years left on the lease. I am expecting a loan with Chelsea Building Society. Is this going to be acceptable if the lease has 70 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 30/10/2025 the requirements read as follows :
Should commercial conveyancing searches disclose planned roadworks that could impact a commercial premises in Becontree?
Many commercial conveyancing solicitors in Becontree will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Becontree. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Becontree.
For every commercial conveyancing transaction in Becontree it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Becontree commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Becontree.
I have been on the look out for a ground for flat up to £235,500 and identified one near me in Becontree I like with a park and railway links nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Becontree for this price, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan that many years will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may 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 speak to your conveyancing lawyer about this matter.
My brother has encouraged me to appoint his lawyers for conveyancing in Becontree. Should I find my own property lawyer?
No doubt the ideal way to find a conveyancing practitioner is to have referrals from friends or family who have actually previously instructed the solicitor that you are are thinking of instructing.
I have recently realised that I have Seventy years unexpired on my lease in Becontree. I now wish to extend my lease but my landlord is absent. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. You will be obliged to prove that you have done all that could be expected to track down the landlord. In some cases an enquiry agent may be helpful to carry out a search and prepare an expert document which can be accepted by the court as evidence that the landlord can not be located. It is advisable to get professional help from a conveyancer in relation to investigating the landlord’s absence and the application to the County Court overseeing Becontree.
I have given up seeking a lease extension in Becontree. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a missing landlord or if there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to calculate the sum to be paid.
An example of a Lease Extension decision for a Becontree property is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case affected 1 flat. The number of years remaining on the existing lease(s) was 61.36 years.