I am about to put an offer on a leasehold flat in Bedfont. The estate agents advise that it is usual for flats in Bedfont to have less than 75 years remaining. I am expecting a mortgage with Chelsea Building Society. Is this going to be acceptable if the lease has 70 years unexpired.
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 23/7/2024 the requirements read as follows :
I own a terraced Edwardian house in Bedfont. Conveyancing practitioner represented me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bedfont and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing lawyer who conducted the purchase.
What tools are available to identify a Bedfont law firm on the Nationwide Building Society conveyancing panel? I have a car and am willing to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the search on this website. Please pick a mortgage company and your location and you will see a number of Bedfont conveyancing lawyers located nearest you. We have detailed some Bedfont conveyancing firms at the bottom of this page and you can ring them to check if they are on the Nationwide Building Society approved list
My husband and I are new on the property ladder - had an offer accepted, but the selling agent has warned us that the owners will only proceed if we use their preferred conveyancers as they need a ‘quick sale’. We would rather use a local solicitor with experience of conveyancing in Bedfont
We suspect that the seller is unaware of this ultimatum. If they want ‘a quick sale', taking such a hostile approach to a motivated buyer is counter productive. Try to communicate with the sellers directly and make sure they comprehend that (a)you are genuine buyers (b)you are ready to progress, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you will continue to use your preferred Bedfont conveyancing firm - rather thanthose that will provide their estate agent a referral fee or meet his conveyancing figures demanded by corporate headquarters.
Due to exchange soon on a ground floor flat in Bedfont. Conveyancing lawyers inform me that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Bedfont should include some of the following:
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You would want to be sent a copy of the lease You should have a good understanding of the building insurance provisions What options are open to you if a neighbour breaches a clause of their lease? Whether the lease restricts you from renting out the flat, or working from home
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Bedfont conveyancing firm to represent me?
Most definitely. We can put you in touch with a Bedfont conveyancing firm who can help.
An example of a Lease Extension decision for a Bedfont flat is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case related to 1 flat. The unexpired residue of the current lease was 82.93 years.
How much experience do your Bedfont conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Bedfont conveyancing lawyers help thousands of buyers move home every year and supported lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Bedfont conveyancers have worked on recent similar matters.