It has come to my attention via my mortgage adviser that my Danbury lawyer is not on the lender Conveyancing panel. What can I do to be sure whether this is correct?
You need to contact your Danbury lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they may recommend you to a Danbury conveyancing firm that is on the approved list of lawyers for your mortgage company.
Do the conveyancing lawyers identified through your search tool carry out auction conveyancing in Danbury?
We know of a number of auction solicitors we can put you in touch with those conducting auction conveyancing. Danbury is just one of the many locations in which our lawyers cover.
I am about to put an offer on a leasehold flat in Danbury. The property agents tell me that it is the norm for flats in Danbury to have less than 75 years unexpired on the lease. I am getting a mortgage with Accord Mortgages. Will the property be mortgageable given that 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. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 5/3/2025 the requirements read as follows :
A colleague advised me that if I am buying in Danbury I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Danbury conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Danbury 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, Danbury Education with maps and statistics, Local Amenities and other useful data about Danbury.
I am hoping to complete next month on a basement flat in Danbury. Conveyancing solicitors assured me that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Danbury should include some of the following:
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You should have a good understanding of the building insurance requirements Do you need to have carpet in the flat or are you allowed wood flooring? Alterations to the premises Specifying your legal entitlements in respect of common areas in the building.For instance, does the lease grant a right of way over a path or hallways? What the implications are if you are in breach of your lease terms?
Danbury Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing
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The prefered form of lease structure is where the freehold reversion is owned by the leaseholders. In this arrangement the lessees benefit from control and although a managing agent is often employed where the building is bigger than a house conversion, the managing agent is directed by the tenants. If a Danbury lease has less than eighty years it will impact the marketability of the flat. It is worth checking with your lender that they are content with residual term of the lease. A short lease means that you will probably need a lease extension sooner rather than later and you need to have some idea of what this would cost. For most Danburylease extensions you will need to own the premises for 24 months before you are entitled to extend the lease. What prohibitions are there in the Danbury Lease?
We own a leasehold flat in Danbury. Conveyancing was completed in 2010. I have read on various consumer forums that I mustn’t allow the lease length fall too short. Is this correct?
Danbury residential long term leases are for a prescribed period - usually 99 years when they commenced. However many appartments in Danbury were built or converted 35 or more years ago and so these leases now have fewer than 80 years left to run. That may sound like plenty of time but Banks, Building Societies and other mortgage companies generally need leases to have at least 75 years left to adequate security. Accordingly when you come to sell the property you will need a lease extension if you are nearing eighty years. To optimize the saleability of your property you should be considering whether to extend your lease long before you come to sell it. There are also strong financial reasons to taking action before the lease reaches even eighty years as when the lease is below 80 years the premium to be paid to extend starts to increase.