I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in New Ferry. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 29/4/2025, the requirements read as follows :
Should our lawyer be raising enquiries concerning flooding during the conveyancing in New Ferry.
The risk of flooding is if increasing concern for lawyers carrying out conveyancing in New Ferry. There are those who acquire a house in New Ferry, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Solicitors are not qualified to give advice on flood risk, however there are a number of searches that can be initiated by the purchaser or on a buyer’s behalf which will figure out the risks in New Ferry. The standard property information forms given to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the owner to find out if the property has ever been flooded. In the event that flooding has previously occurred and is not revealed by the seller, then a buyer may commence a claim for damages resulting from an incorrect reply. A purchaser’s solicitors should also conduct an environmental search. This should higlight if there is a recorded flood risk. If so, more detailed inquiries will need to be conducted.
4 months have gone by following my purchase conveyancing in New Ferry concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a leasehold apartment up to £245,000 and identified one close by in New Ferry I like with amenity areas and transport links in the vicinity, however it's only got 52 years on the lease. There is not much else in New Ferry in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage the shortness of the lease will be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
I am looking into buying my first house which is in New Ferry and I am already nervous. I couldn't find anything specific about New Ferry. Conveyancing will be needed in due course but do you know about the New Ferry area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at New Ferry. In the meantime here are some basic statistics that we found
I wish to sublet my leasehold apartment in New Ferry. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
Notwithstanding that your previous New Ferry conveyancing solicitor is no longer available you can check your lease to see if it allows you to sublet the premises. The rule is that if the lease is non-specific, subletting is allowed. There may be a precondition that you must obtain consent from your landlord or other appropriate person in advance of subletting. This means you not allowed to sublet in the absence of first obtaining consent. The consent must not not be unreasonably refused ore delayed. If the lease does not allow you to sublet you will need to ask your landlord for their consent.
New Ferry Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to buying
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Make sure you find out if the the lease includes any unreasonable restrictions in the lease. For instance it is fairly common in New Ferry leases that pets are not allowed in in a block in New Ferry. If you like the propertyin New Ferry but your cat can’t move with you then you will be presented with a difficult compromise. How much is the ground rent and service charge? You will want to find out as much as possible regarding the managing agents as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to every day matters such as the cleanliness of the common parts. Ask other tenants whether they are happy with their management. On a final note, find out the dates that the maintenance fees are due to the relevant party and specifically how they are spending that money.