About to place a bid on a leasehold property in Lake. The estate agents tell me that it is usual for flats in Lake to have less than 75 years unexpired on the lease. I am obtaining a mortgage with Bank of Ireland. Is this going to be a problem if the lease has 70 years remaining.
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. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/2/2025 the requirements read as follows :
A colleague recommended that if I am buying in Lake I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Lake conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about Lake around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Lake Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information about Lake.
Despite weeks of looking the Title Certificate and documents to my home are lost. The solicitors who dealt with the conveyancing in Lake 5 years ago have long since closed. What are my next steps?
Nowadays there are duplicates made of almost everything, and your lawyer should know precisely where to find all the appropriate paperwork so you can purchase or dispose of your house without a hitch. Where copies can’t be located, your conveyancer can arrange cover in the form of insurance or indemnities against future claims on your premises.
I am purchasing my first flat in Lake with the aid of help to buy. The developers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The estate agent told me not reveal to my solicitor about the extras as it would adversely affect my loan with Santander. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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 am downsizing from my home. My past lawyers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Lake if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Lake. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I've found a house that seems to tick a lot of boxes, at a reasonable price which is making it more attractive. I have since found out that the title is leasehold as opposed to freehold. I am assuming that there are issues buying a leasehold house in Lake. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
The majority of houses in Lake are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area can help the conveyancing process. We note that you are purchasing in Lake in which case you should be shopping around for a Lake conveyancing solicitor and be sure that they are used to advising on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a service charge towards the maintenance of the communal areas where the house is located on an estate. Your conveyancer should advise you fully on all the issues.