About to place a bid on a leasehold property in Heaviley and Offerton. The estate agents say that it is usual for flats in Heaviley and Offerton to have less than 75 years unexpired on the lease. I am obtaining a mortgage with Bank of Ireland. Is this going to be acceptable if the lease has 70 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 31/7/2025 the requirements read as follows :
About to purchase a new build apartment in Heaviley and Offerton. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Heaviley and Offerton
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There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Heaviley and Offerton is the location of the property. What do you suggest?
Flying freeholds in Heaviley and Offerton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Heaviley and Offerton you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Heaviley and Offerton may decide 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.
We are 18 days into a leasehold purchase having been directed to a firm by the high street agent to execute conveyancing in Heaviley and Offerton. I am am extremely dissatisfied with the level of service. Can you help me find new conveyancers?
A solicitor would need to be very bad to suggest changing them. Has the loan offer been issued? In the event that it has you will need to make them aware of the new contact details and have the offer are re-issued. The solicitor ideally needs to be on the lenders approved list to avoid added costs and frustration. So that should be your starting point. Our find a solicitor tool can assist you in finding a bank approved conveyancer for your conveyancing in Heaviley and Offerton
I own a leasehold house in Heaviley and Offerton. Conveyancing and National Westminster Bank mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Heaviley and Offerton who acted for me is not around. What should I do?
The first thing you should do is contact HMLR to make sure that the individual purporting to own the freehold is indeed the new freeholder. There is no need to instruct a Heaviley and Offerton conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I purchased a studio flat in Heaviley and Offerton, conveyancing formalities finalised in 1996. How much will my lease extension cost? Similar flats in Heaviley and Offerton with a long lease are worth £185,000. The ground rent is £65 invoiced annually. The lease terminates on 21st October 2086
With 61 years unexpired the likely cost is going to be between £18,100 and £20,800 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
Do online conveyancing companies undertake everything a local Heaviley and Offerton solicitor does or must I retain a solicitor for the final stages for my conveyancing in Heaviley and Offerton?
If you use an online conveyancer they will cover all the work your Heaviley and Offerton solicitor would cover.