I have 71 years left on my lease and need a lease extension for my apartment in Coombe. Conveyancing solicitors on the Platform 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. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 14/4/2025 the requirements read as follows :
My colleague recommended that where I am buying in Coombe I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Coombe conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Coombe around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Coombe Education with maps and statistics, Local Amenities and other useful data concerning Coombe.
I am looking for a leasehold apartment up to £195,000 and found one round the corner in Coombe I like with amenity areas and transport links nearby, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Coombe suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan the remaining unexpired lease term will be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
In what way does the Landlord & Tenant Act 1954 impact my commercial property in Coombe and how can your lawyers assist?
The 1954 Act gives protection to business lessees, giving them the right to apply to court for a new tenancy and remain in occupation at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Coombe is one of our hundreds of locations in which the firms we work with have offices
I need to appoint a conveyancing solicitor for purchase conveyancing in Coombe. I happened to land on a web site which looks to be the perfect offering If it is possible to get all the legals completed via web that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Me and my partner are buying a four bedroom ground floor flatin Coombe with a loan from a lender. We would like to retain our conveyancer in Coombe but our lender says she’s not approved on their "panel". Apparently we need to choose from the our bank panel solicitors or keep our Coombe conveyancer and incur the extra costs for one of their panel ones to represent our mortgage company. We feel as though this is unjust; is there anything we can do?
No, not really. The lender home loan offered to you is subject to conditions, one of which will be that lawyers will on the bank's conveyancing panel. in the past, most lenders had large numbers of law firms on their panels, including almost all conveyancing solicitors in Coombe : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for your mortgage company.