Having been recommended your web site we were going to use a conveyancing solicitor in Holt recommended by you but stumbled across alternative estimates via the web seem less pricey – how come?
One can find plenty of conveyancers advertising at first sight what seems to be cut price. You should think twice as to how much you respect your own move to want to be penny wise pound foolish concerning the standard of the conveyancing. Some hide extras deep into the terms of engagement. The solicitors that we put forward for conveyancing in Holt neverbehave this way.
Our son-in-law is in the process of securing a new build apartment in Holt with a mortgage from Leeds Building Society. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Leeds Building Society conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
About to place a bid on a leasehold property in Holt. The property agents tell me that it is normal for flats in Holt to have less than 75 years unexpired on the lease. I am getting a loan with Tesco Bank. Is this going to be acceptable if the lease has 72 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 30/6/2025 the requirements read as follows :
Intending to buy a maisonette in Holt. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Holt conveyancer is on the Aldermore conveyancing panel.
My offer was accepted on an apartment in Holt on 13/5/2025, valuation was booked 3 days after, received a clean bill of health. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Coventry BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Coventry BS conveyancing panel. Are Coventry BS entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
At last I have had an offer on a maisonette in Holt agreed to, the vendors do however have a tied purchase. The owners have placed an offer on a flat, however it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have chosen a high street conveyancing solicitor in Holt. What do I do now? At what point should I apply for the mortgage with Nationwide?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey, Holt conveyancing search costs, etc). The first course of action is to ensure that your property lawyer is on the Nationwide approved list. Concerning the subsequent stages this very much depends on the uniqueness of your transaction, desire for this property and on the state of the market. During a buoyant market many purchasers will apply for a home loan with Nationwide and pay for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to move forward with searches.
In my capacity as executor for the estate of my grandfather I am disposing of a house in Swansea but I am based in Holt. My conveyancer (approximately 260 kilometers awayrequires that I sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Holt to attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are located in Holt
I am employed by a long established estate agent office in Holt where we have witnessed a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Holt conveyancing solicitors. Could you shed some light as to whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease 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 sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
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 buyer.
Leasehold Conveyancing in Holt - A selection of Queries before buying
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The answer will be helpful as a) areas may result in problems for the building as the communal areas may start to deteriorate if services remain unpaid b) if the leaseholders have a dispute with the running of the building you will need to have full disclosure It would be wise to find out as much as you can regarding the managing agents as they will either make life much simpler or problematic. As the owner of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to day to day matters such as the upkeep of the common parts. Ask prospective neighbours what they think of their management. In conclusion, be sure you understand the dates that the service charges are due to the managing agents and specifically what it includes. You should be aware if it is no more than eighty years it will have adverse implications on the marketability of the flat. Check with your bank that they are willing to go ahead with the loan given the lease term. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of what this will be. Remember, in most cases you would be be obliged to have been the owner of the residence for 24 months before you are eligible to extend the lease.