We were just about to sign contracts for a leasehold flat in Abbeymeads. We have hit a problem. Our mortgage offer with TSB runs out on 23/6/2025 but the sellers are putting forward a completion date of 25/6/2025. Can one extend the loan offer?
The person best placed to address this issue is your solicitors who should calculate if they should be discussing with the mortgage company, seller’s conveyancers, estate agents or conceivably all parties given what has gone on in your conveyancing as of today.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Abbeymeads. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 21/4/2025, the requirements read as follows :
We are intent on selling our house in Abbeymeads and according to the buyers it appears that there is a risk of it being constructed on contaminated land. Any local lawyer would know this is not the case. It does beg the question why the purchasers instructed a national conveyancing practice as opposed to a conveyancing solicitor in Abbeymeads. We have lived in Abbeymeads for 4 years we know of no issue. Should we get in touch with our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Just had an offer accepted on a new build flat in Abbeymeads. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Abbeymeads
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. There must be mutual enforceability of lessee’s covenants.
All being well we will complete the disposal of our £300,000 garden flat in Abbeymeads next Tuesday. The management company has quoted £420 for Landlord’s certificate, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Abbeymeads?
Abbeymeads conveyancing on leasehold flats nine out of ten times results in fees being raised by freeholders :
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Completing conveyancing due diligence questions
Where consent is required before sale in Abbeymeads
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Abbeymeads Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
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It is important to be aware if fixing the lift or some other major work is due shortly to be shared by the leaseholders and will materially impact the level of the service fees or result in a one off invoice. Please tell me if there are any major works in the near future that will add a premium to the maintenance charges? How much is the annual maintenance fee and ground rent?
My intention is to purchase a garden apartment in Abbeymeads. Conveyancing lawyer has been waiting for, from the owner, building insurance paperwork. I was told today I was informed that the owner needs to send the insurance documents for the flat above also. Why does my property lawyer need to check the insurance for the other flat? Is it strictly necessary? We have been in hold for the previous month…
It is not unheard of in leasehold conveyancing in Abbeymeads to find Conveyancing in Abbeymeads in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats as opposed to the landlord insuring the complete premises - which is clearly preferable. You should clarify with your solicitor but it would seem that your property lawyer is attempting to verify that the complete building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the other flat cannot be rebuilt for lack of insurance.