I have 71 years left on my lease and require a lease extension for my apartment in Yate. Conveyancing solicitors on the Virgin panel can deal with such extensions correct?
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. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 6/7/2025 the requirements read as follows :
There are plenty of conveyancing solicitors in Yate but how do I know who's good?
Do not opt for the cheapest Yate conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am expecting a OIP from Bank of Ireland this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Bank of Ireland recommend any Yate solicitors on the Bank of Ireland conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Yate solicitors independently although you'll need to choose one on the Bank of Ireland conveyancing panel. The solicitor represents both you and Bank of Ireland through the process.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Yate building society branch on various occasions and was told they are content with the situation and they will lend. My Yate conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
The conveyancer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
The deeds to our home are lost. The solicitors who conducted the conveyancing in Yate 10 years ago have long since closed. Will I be able to sell the house?
You no longer need to hold title original deeds to prove you own the land or property, as the Land Registry hold details of all registered land or property electronically.
Due to the input of my in-laws I had a survey completed on a house in Yate prior to instructing conveyancers. I have been informed that there is a flying freehold element to the property. The surveyor advised that some banks may not grant a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Yate. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Yate to see if the conveyancing will be more expensive.
I am downsizing from my house. My previous lawyers closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Yate if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Yate. 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 am on look out for some leasehold conveyancing in Yate. Before diving in I would like to find out the remaining lease term.
If the lease is recorded at the land registry - and most are in Yate - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a 1 bedroom flat in Yate, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Similar properties in Yate with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease expires on 21st October 2077
With 52 years unexpired the likely cost is going to span between £29,500 and £34,000 plus professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.