I am about to put an offer on a leasehold flat in Ketton. The estate agents tell me that it is the norm for flats in Ketton to have less than 75 years left on the lease. I am obtaining a loan with Accord Mortgages. Is this going to be acceptable if the lease has 72 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. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 26/7/2025 the requirements read as follows :
What will a local search tell me about the house we're purchasing in Ketton?
Ketton conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations such as Searchflow The local search plays an important role in many a Ketton conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
I'm buying my first flat in Ketton with a loan from Britannia. The builders refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not reveal to my solicitor about this deal as it would jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey done on a house in Ketton ahead of appointing solicitors. I have been told that there is a flying freehold element to the house. My surveyor advised that some banks tend refuse to give a loan on a flying freehold property.
It varies from the lender to lender. HSBC has different requirements from Halifax. If you contact us we can investigate further 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 Ketton. Conveyancing will be smoother if you use a solicitor in Ketton especially if they are familiar with such properties in Ketton.
Should I instruct a Ketton conveyancing lawyer based in the location that I am hoping to buy? We have a good friend who can handle the legal formalities however his firm is located 400kilometers drive away.
The primary upside of using a high street Ketton conveyancing firm is that you can drop in to execute paperwork, hand in your identification documents and pester them if necessary. Having local Ketton know how is a plus. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and in the main were happy that must trump using an unfamiliar Ketton conveyancing lawyer just because they are Ketton based.
Why can't I complete my conveyancing in Ketton on Good Friday?
Because on completion the money will be transferred electronically between the banks of the buyer and owner’s conveyancer and currently this can only take place on a business day. So you can't complete on a saturday or sunday either.