Is there a reason why leasehold purchase conveyancing in Maryland costs more?
Maryland leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Maryland. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 20/10/2025, the requirements read as follows :
Is it necessary to take out insurance to address the risk of chancel repairs when purchasing a property in Maryland?
Unless a prior acquisition of the property completed post 12 October 2013 you can take it that conveyancing practitioners conducting conveyancing in Maryland to remain recommending a chancel search and or chancel repair liability insurance.
I have been on the look out for a leasehold apartment up to £245,000 and identified one near me in Maryland I like with a park and station in the vicinity, however it only has 49 years unexpired on the lease. I can't really find anything else in Maryland for this price, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
What does commercial conveyancing in Maryland cover?
Non domestic conveyancing in Maryland incorporates a wide range of guidance, provided by regulated solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I am purchasing a garden maisonette in Maryland. Conveyancing lawyer has been waiting for, from the vendor, building insurance documents. Earlier today I was informed that the vendor needs to forward the insurance paperwork for the flat above in addition. Why would my property lawyer need to see the insurance for the other flat? Is it strictly necessary? We have been stalled for the last fortnight…
It is not impossible in leasehold conveyancing in Maryland to discover Conveyancing in Maryland in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats as opposed to the freeholder insuring the whole premises - which is definitely better. You should double check with your solicitor but it would appear that your conveyancer is looking to verify that the whole building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated for lack of insurance.