Due to move into my new home in Keyworth next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. What risks does the mortgage company expect the insurance to cover?
Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook conditions. These requirements are not unique to conveyancing in Keyworth.
I have 71 years left on my lease and require a lease extension for my apartment in Keyworth. Conveyancing solicitors on the Tesco Bank 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. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 25/2/2026 the requirements read as follows :
I require quick conveyancing in Keyworth as I have a deadline to complete inside one month. Luckily I do not need a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
As you are not taking a mortgage you are at free not to do searches although no lawyer would advise that you don't. With plenty of history conveyancing in Keyworth the following are instances of what can crop up and adversely impact market value: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
The estate agent has sent us the confirmation of our purchase of a new build apartment in Keyworth. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Keyworth
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Keyworth is where the house is located. Is there any guidance you can impart?
Flying freeholds in Keyworth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Keyworth you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Keyworth may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
As a leasehold owner I am on the hook for a service charge for my property in Keyworth. Due to losing my job and other issues I slipped into arrears with remittance. The freeholders agreed a clearance schedule but there is still approximately £3000 currently due.
I am under pressure to sell and I am panicking this may hold me back if I have to discharge the amount due in advance. I'd like to sell up and then pay them back with the proceeds - is this possible?
Do check with the lawyer undertaking your Keyworth conveyancing but one option might be to agree for the outstanding amount to be attributed to the buyers. The sale price they pay would be adjusted to reflect the amount of debt they assume. They could then discharge the fees once they are the owners.