I am about to put a bid on a leasehold flat in Little Ilford. The selling agents tell me that it is normal for flats in Little Ilford to have less than 75 years remaining. I am getting a mortgage with Chelsea Building Society. Will the property be mortgageable given that the lease has 69 years left.
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. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 1/6/2025 the requirements read as follows :
What can a local search tell me about the property my wife and I purchasing in Little Ilford?
Little Ilford conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for example Xpress Legal The local search plays an important part in most Little Ilford conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your new home. The search will supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
2 months have elapsed since my purchase conveyancing in Little Ilford concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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 asset 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.
My husband and I are first time buyers - had an offer accepted, yet the estate agent has warned us that the seller will only issue a contract if we appoint their preferred conveyancers as they need an ‘expedited deal’. We would rather use a local conveyancer who is accustomed to conveyancing in Little Ilford
We suspect that the seller is not behind this request. Should the seller require ‘a quick sale', alienating a genuine buyer is counter productive. Contact the sellers directly and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you intend to instruct your preferred Little Ilford conveyancing lawyers - not the ones that will provide their negotiator at the agency a kickback or hit his conveyancing figures pre-set by head office.
I wish to let out my leasehold flat in Little Ilford. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
The lease governs the relationship between the freeholder and you the flat owner; in particular, it will indicate if subletting is not allowed, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is permitted. Most leases in Little Ilford do not contain strict prohibition on subletting – such a provision would adversely affect the market value the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly supplying a copy of the sublease.
My wife and I have hit a brick wall in trying to purchase the freehold in Little Ilford. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We are happy to put you in touch with a Little Ilford conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Little Ilford premises is 9 Granville Road in June 2014. The tribunal determines the enfranchisement price payable by the applicants for the freehold was £32,548 This case related to 5 flats. The unexpired residue of the current lease was 73.8 years.
My a decade ago. He has got married, divorced and in recent months got married again. He will be selling the apartment in a few weeks. I suspect that he will simply be asked to provide a copy of the marriage certificates to the solicitor but he is concerned it will delay the conveyancing. Is it worth updating the Land Registry details for the house?
It is not absolutely necessary to bring up to date the register as long as you have the proof needed to demonstrate how the name change occurred.
Any buyer’s property lawyer will examine the registered entries and ask for evidence to establish the name change e.g. marriage certificates.