About to place an offer on a leasehold property in Freezywater. The property agents say that it is usual for flats in Freezywater to have less than 75 years remaining. I am taking out a mortgage with Virgin. Will the property be mortgageable given that the lease has 70 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 29/3/2025 the requirements read as follows :
When it comes to mortgage companies such as Aldermore, do Freezywater solicitors have to pay an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
RBS have agreed my mortgage in principle, my offer on a house in Freezywater has been accepted, what happens next?
Your property agent will want to be advised as to your solicitor's details (ensure that the lawyers are on the lender’s approved list). Telephone RBS or your financial adviser and complete any outstanding documentation. RBS will sellect a valuer who will get in touch with the estate agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes on average a week to get a mortgage offer. RBS will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Freezywater.
After what feels like an age I have had an offer on a maisonette in Freezywater agreed to, the owners do however have a dependent purchase. The vendors have placed an offer on a flat, however it’s not yet agreed to, and are looking at other apartments in the pipeline. I have chosen a nearby conveyancing solicitor in Freezywater. What do I do now? At what point should I apply for the mortgage with Barclays?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx one thousand pounds, then survey, Freezywater conveyancing search charges, etc). The first course of action is to check that your solicitor is on the Barclays conveyancing panel. Regarding the subsequent phase this very much depends on the circumstances of your case, motivation for this property and on the state of the market. During a rising market the majority of purchasers will apply for a home loan with Barclays and arrange for the valuation and only if it comes back ok would they pay their conveyancer to proceed with the conveyancing in Freezywater.
I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to take this when acquiring a residence in Freezywater? or Apparently there is an ancient law that means some owners of property living in a parish church boundary will be compelled to pay for repairs towards the chancel within the church. Is this appropriate for conveyancing in Freezywater?
Unless a previous acquisition of the property completed after 12 October 2013 you can expect solicitors delivering conveyancing in Freezywater to continue to recommend a chancel search and or insurance against a claim.
Just had an offer accepted on a new build apartment in Freezywater. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Freezywater
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan.
I am a sole trader wishing to lease a unit on the high street. Can you recommend conveyancers offering competitive fees for non-domestic conveyancing in Freezywater for under £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Freezywater, including the sale and acquisition of businesses as well as simply property. Whether you are intending to buy or sell a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right firm. As for the charges these will vary based on the structure and terms of the deal. Let us have your details or email so as to enable us to provide you with a fixed commercial conveyancing calculation.
Am I better off to appoint a Freezywater conveyancing solicitor based in the vicinity that I am hoping to buy? We have a good friend who can conduct the legal formalities but her office is approximately 350kilometers away.
The benefit of a local Freezywater conveyancing practice is that you can visit the firm to execute documents, present your identification documents and pester them where appropriate. They will also have local intelligence which is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and in the main were content that should trump using an unfamiliar Freezywater conveyancing solicitor solely due to them being based in the area.