I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Basildon. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 2/12/2025, the requirements read as follows :
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Basildon is the location of the property. Can you shed any light on this issue?
Flying freeholds in Basildon are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Basildon you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Basildon may decide 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 property.
How does the Landlord & Tenant Act 1954 impact my business premises in Basildon and how can you help?
The particular law that you refer to affords protection to commercial lessees, granting the a statutory right to apply to court for a continuation of occupancy at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Basildon
My father-in-law has recommend that I use his conveyancing solicitors in Basildon. Should I find my own conveyancer?
Much as we are happy to recommend a Basildon conveyancing lawyer the ideal way to find a conveyancing practitioner is to have feedback from friends or family who have actually experience in using the conveyancer you're contemplating using.
I am a negotiator for a long established estate agent office in Basildon where we see a number of leasehold sales put at risk as a result of short leases. I have received conflicting advice from local Basildon conveyancing solicitors. Please can you confirm whether the seller of a flat can start the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Basildon Leasehold Conveyancing - Sample of Queries Prior to Purchasing
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If a Basildon lease has no more than 80 years it will affect the marketability of the property. Check with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will almost definitely have to extend the lease at some point and you need to have some idea of what this would cost. For most Basildonlease extensions you will be be obliged to have been the owner of the premises for two years in order to be eligible to carry out a lease extension. Its a good idea to find out as much as you can about the company managing the block as they will either make your life much simpler or problematic. Being a leasehold owner you are often at the mercy of the managing agents both financially and when it comes to daily matters such as the tidiness of the common parts. Ask prospective neighbours what they think of their service. Finally, investigate as to the dates that you are obliged pay the service charge to the relevant party and precisely what you get for your money. Generally speaking the outlay for major works tend not to be included within maintenance charges, although some managing agents in Basildon require leasehold owners to contribute towards a reserve fund created for the specific purpose of establishing a fund for larger works.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.