I am due to complete buying a house in Shotton but as a result of damage from the recent storms I have was able negotiate compensation from the owner in the sum of £3k by way of a reduction in the price. I had intended this to be addressed as part of amending the contract however Santander will not permit this. Why were they notified?
Any conveyancer that is on the Santander conveyancing panel is required to inform Santander of any changes to the sale price. If you prohibit your conveyancer to notify the reduction to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new solicitor for your conveyancing in Shotton.
Can you explain why leasehold purchase conveyancing in Shotton is more expensive?
The conveyancing charges on a leasehold property in Shotton is inevitably more expensive when contrasted to a freehold property. This is due to the extra investigations required in liaising with the freeholder and managing agents to collate the information about whether the rent and maintenance fee have been paid and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the building.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Shotton. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 26/11/2025, the requirements read as follows :
I am selling my property. My previous solicitors has retired. I am in need of a recommendation of a conveyancing firm. Im based in Shotton if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Shotton. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I have been sourcing a conveyancing practitioner in Shotton for my remortgage. Can I check a solicitor's complaints history with the profession’s regulator?
Anyone can see presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator could monitor telephone calls for training requirements.
I am attracted to a couple of flats in Shotton which have in the region of fifty years remaining on the lease term. Should I regard a short lease as a deal breaker?
There is no doubt about it. A leasehold flat in Shotton is a wasting asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it adversely affects the salability of the premises. The majority of purchasers and banks, leases with under eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Shotton conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I invested in buying a basement flat in Shotton, conveyancing was carried out February 2007. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Shotton with over 90 years remaining are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease expires on 21st October 2101
You have 76 years left to run we estimate the premium for your lease extension to span between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.