Why would one instruct a Upney conveyancing company given that online conveyancers are less overpriced?
By all means make sure that you compare conveyancing costs in Upney and you should seek a competitive fee calculation but don’t expend your energy hunting for the cheapest Upney conveyancer. Identifying the right conveyancer can be the difference between a smooth and a stressful home move. It is important that you ensure that you have expert advice from a trusted lawyer. An e-mail can never be as helpful as a telephone discussion and are no substitute for a one to one meeting. The firms that we work with will allocate you a qualified and trusted conveyancing solicitor who can handle your conveyancing from from the outset to completion, providing a level of hand holding that you are unlikely to received from an web based conveyancer. He or She will keep you updated as to headway making sure that you are regularly updated. Should you need to call the firm you will be sure who you need to speak to and they will be sure you're not left wondering what's going on.
I purchased a freehold house in Upney but still pay rent, why is this and what is this?
It is rare for properties in Upney and has limited impact for conveyancing in Upney but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
About to place a bid on a leasehold property in Upney. The property agents advise that it is standard for flats in Upney to have less than 75 years unexpired on the lease. I am expecting a loan with Bank of Ireland. Will the property be mortgageable given that the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 4/6/2025 the requirements read as follows :
Are all Upney Conveyancing Quality Solicitors on the Virgin Money conveyancing list of approved solicitors?
Some major lenders now make use of the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.
I have a mortgage with Kent Reliance for my property in Upney. Conveyancing was finalised months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
Kent Reliance must be informed of your intention prior to renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel lawyer.
I had an offer accepted on an apartment in Upney on 23/4/2025, valuation was booked 2 days after, received a clean bill of health. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Aldermore and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Aldermore conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.
How do I search for a Upney law firm on the Platform Home Loans Ltd conveyancing panel? I have wheels and am happy to travel upto 10kilometers to meet the conveyancer.
You can use the search on this website. Please pick a mortgage company and your location and you will see a number of Upney conveyancing lawyers locally. We have listed some Upney conveyancing firms towards the end of this page and you can telephone them to check whether they are on the Platform Home Loans Ltd approved list
I am attracted to a couple of maisonettes in Upney which have about fifty years left on the lease term. should I be concerned?
A lease is a legal document that entitles you to use the premises for a period of time. As a lease shortens the saleability of the lease decreases and it becomes more expensive to acquire a lease extension. This is why it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this arena.
I am the proprietor of a garden flat in Upney. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
Where there is a missing landlord or if there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to assess the amount due.
An example of a Lease Extension matter before the tribunal for a Upney residence is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case was in relation to 1 flat. The unexpired residue of the current lease was 61.36 years.