Is there a reason why leasehold purchase conveyancing in Spital is more expensive?
Spital 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 when buying a house in Spital. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/6/2025, the requirements read as follows :
The deeds to my home can not be found. The solicitors who handled the conveyancing in Spital 5 years ago no longer exist. What do I do?
You no longer need to hold title official documentation to establish that you are the owner of your registered land or property, as the Land Registry have everything they need in a digital format.
I am purchasing my first flat in Spital benefiting from help to buy. The builders refused to reduce the amount so I negotiated £7000 of additionals instead. The estate agent told me not to tell my lawyer about this deal as it could adversely affect my mortgage with HSBC Bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, chain free conveyancing. Spital is where the house is located. What do you suggest?
Flying freeholds in Spital are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Spital you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Spital may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
What are your top tips when it comes to choosing a Spital conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a property lawyer for lease extension works (regardless if they are a Spital conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with several firms including non Spital conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be helpful:
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How familiar is the practice with lease extension legislation?
I acquired a 2 bed flat in Spital, conveyancing formalities finalised in 2011. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Spital with an extended lease are worth £206,000. The ground rent is £45 invoiced every year. The lease ends on 21st October 2091
With 66 years unexpired we estimate the price of your lease extension to be between £11,400 and £13,200 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.