I am about to put an offer on a leasehold property in Sheringham. The property agents advise that it is standard for flats in Sheringham to have less than 75 years left on the lease. I am taking out a loan with Chelsea Building Society. 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 getting a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/1/2025 the requirements read as follows :
I have been told that property searches are the main cause of hinderance in Sheringham conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays during the legal transfer of property. Searches are not likely to feature in any delay in conveyancing in Sheringham.
I have recentlybeen informed that Action Conveyancing have closed. They carried out my conveyancing in Sheringham for a purchase of a freehold house 12 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The quickest method to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Sheringham conveyancing specialists.
How does conveyancing in Sheringham differ for newly converted properties?
Most buyers of new build or newly converted property in Sheringham come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in Sheringham tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Sheringham or who has acted in the same development.
Given that I will soon spend 450k on 3 bedroom house in Sheringham I would like to talk to a conveyancer about myhouse move before giving the go ahead to the firm. Can this be arranged?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer who will be doing your property ownership legalities in Sheringham.There is no ‘factory style conveyancing’ - every client is unique individual, not a file number. The practices that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Sheringham should be the amount on the final invoice that you end up paying.
I am a negotiator for a reputable estate agent office in Sheringham where we have witnessed a number of leasehold sales derailed as a result of short leases. I have received inconsistent advice from local Sheringham conveyancing solicitors. Please can you clarify whether the vendor of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Sheringham Leasehold Conveyancing - Sample of Queries Prior to buying
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How much is the ground rent and service charge? In the main the outlay for major works tend not to be incorporated into the maintenance charges, although a few managing agents in Sheringham require leasehold owners to contribute towards a reserve fund and this is used to offset against larger repairs or maintenance. Are there any major works anticipated that could increase the maintenance charges?