About to place a bid on a leasehold apartment in Grantham. The selling agents say that it is usual for flats in Grantham to have less than 75 years unexpired on the lease. I am getting a mortgage with The Mortgage Works. Will the property be mortgageable given that the lease has 72 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. The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 5/7/2026 the requirements read as follows :
4 months have gone by following my purchase conveyancing in Grantham concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Grantham differ for new build properties?
Most buyers of new build property in Grantham approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Grantham tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Grantham or who has acted in the same development.
I opted to have a survey done on a property in Grantham ahead of retaining solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies will refuse to issue a mortgage on such a property.
It varies from the lender to lender. Lloyds has different instructions from Halifax. If you contact us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Grantham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Grantham to see if the conveyancing costs will increase in light of this.
I'm refinancing my primary house to a BTL mortgage with HSBC Bank and I will use the ballance of the raised equity towards another house. The neighborhood we are looking at is Grantham. Will your lawyers be able to act for both sets of banks and link together the transactions?
Make use of our comparison tool on this site to check that the conveyancers are approved by both lenders. On the basis that they are your conveyancer should be able to tie up the two transactions but you should have a chat with you conveyancer and specify your expectations and needs.
I am using a search engine for the term conveyancing in Grantham it reveals many conveyancersin the vicinity. With so much choice what is the best way to find the right property lawyer for purchase transaction?
The best way of finding the right conveyancer is through a trusted testimonial, so ask friends and relatives who have purchased a property in Grantham or the local estate agent or mortgage broker. Charges for conveyancing in Grantham vary, so it's advisable to request a minimum of four estimates from varying types of law firms. Dont forget to clarify that the fees are fixed.