About to place a bid on a leasehold flat in Anlaby. The property agents tell me that it is usual for flats in Anlaby to have less than 75 years unexpired on the lease. I am obtaining a loan with Chelsea Building Society. Is this going to be a problem if the lease has Seventy One years unexpired.
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. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 21/1/2025 the requirements read as follows :
I am the single beneficiary of my late grandmother’s estate and I have everything in my name alone, including the house in Anlaby. Conveyancing formalities meant that the Land Registry date was in December. I plan to dispose of the property. I understand that there is a CML six month 'rule', which means that my property ownership could be considered the same way as if I'd bought the house in December. Do I have to wait 6 months to sell?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this requirement principally exists to pick up on the purchase and immediately sell or the quick reselling of property.
My partner and I have arranged the release of further funds on our home loan from Aldermore as we wish to carry out a loft conversion to our property in Anlaby. Do we need to appoint a high street Anlaby solicitor on the Aldermore conveyancing panel to handle the paperwork?
Aldermore do not ordinarily require a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Aldermore panel.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Anlaby building society branch on numerous occasions and was told they are content with the situation and they would lend. My Anlaby conveyancing solicitor - who is on the lender conveyancing panel- called to say that they would not lend in accordance with their specific requirements. Who do I believe?
The lawyer has to follow the Council of Mortgage Lenders’ Handbook section two specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Is it necessary to take out insurance to address the risk of chancel repairs when purchasing a residence in Anlaby?
Unless a previous purchase of the property took place post 12 October 2013 you may take it that solicitors delivering conveyancing in Anlaby to continue to propose a a chancel search and or insurance against a claim.
I decided to have a survey done on a house in Anlaby before retaining conveyancers. I have been informed that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend refuse to give a loan on such a premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Anlaby. Conveyancing may be slightly more expensive based on your lender's requirements.
I am downsizing from my house. My past conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Anlaby if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Anlaby. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
I am buying a leasehold apartment in Anlaby. Conveyancing estimates are coming in at around £1700. Is that reasonable?
The average fee last year for conveyancing in Anlaby was just under one thousand five hundred pounds not including Stamp Duty and HM Land Registry charges.