At what point will exchange of contracts happen for sale conveyancing in Lisson Grove and do I need to attend the conveyancers branch?
If you are near to our conveyancing solicitors in Lisson Grove you are invited in to sign contracts. However, the lender approved solicitors we recommend offer a countrywide conveyancing service and provide as equally diligent and professional a job for you when communicating with you electronically. The signing of the sale agreement is not when everything is set in stone. A signed contract simply enables the solicitor to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Lisson Grove)to be in the office at the appropriate time.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Lisson Grove. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 25/6/2025, the requirements read as follows :
Me and my brother own a 4 bedroom Victorian house in Lisson Grove. Conveyancing practitioner represented me and Skipton Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Lisson Grove and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with your conveyancing solicitor who carried out the work.
How does conveyancing in Lisson Grove differ for newly converted properties?
Most buyers of new build or newly converted property in Lisson Grove approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is constructed. This is because house builders in Lisson Grove usually purchase the real estate, 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 accustomed to new build conveyancing in Lisson Grove or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Lisson Grove is where the house is located. Can you offer any opinion?
Flying freeholds in Lisson Grove are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lisson Grove you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lisson Grove may determine 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 property.
I today plan to offer on a house that appears to be perfect, at a reasonable figure which is making it more attractive. I have subsequently been informed that it's a leasehold rather than freehold. I am assuming that there are issues purchasing a house with a leasehold title in Lisson Grove. Conveyancing lawyers have are soon to be appointed. Will they explain the issues?
Most houses in Lisson Grove are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. We note that you are purchasing in Lisson Grove in which case you should be shopping around for a Lisson Grove conveyancing solicitor and check that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as obtaining the freeholder’sconsent to carry out alterations. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the house is located on an estate. Your lawyer will report to you on the legal implications.
I inherited a a ground floor purpose built flat in Lisson Grove. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the sum payable for the purchase of the freehold?
in cases where there is a absentee landlord or where there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the premium.
An example of a Lease Extension case for a Lisson Grove property is Flats 37 & 39 88/90 Portland Place in December 2010. The Tribunal determined that the premium payable for the lease extensions in respect of these two flats is as follows:- For Flat 37, the sum of £385,230.00 For Flat 39, the sum of £436,780.00 This case related to 2 flats. The unexpired lease term was 24.02 years.