I have 71 years unexpired on my lease and need a lease extension for my flat in Looe. Conveyancing solicitors on the Platform panel can deal with such extensions correct?
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. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 15/1/2026 the requirements read as follows :
Should my conveyancer be raising enquiries concerning flooding during the conveyancing in Looe.
The risk of flooding is if increasing concern for solicitors specialising in conveyancing in Looe. Plenty of people will purchase a house in Looe, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Solicitors are not best placed to offer advice on flood risk, but there are a number of searches that can be initiated by the buyer or by their lawyers which will figure out the risks in Looe. The standard information sent to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the seller to find out whether the premises has historically flooded. If flooding has previously occurred which is not revealed by the vendor, then a purchaser could issue a compensation claim as a result of such an misleading answer. The purchaser’s lawyers will also conduct an environmental search. This should disclose if there is any known flood risk. If so, more detailed inquiries should be carried out.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Looe is the location of the property. Can you offer any advice?
Flying freeholds in Looe are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Looe you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Looe may ascertain 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.
What makes your site different to alternative web based conveyancing solicitors when it comes to conveyancing in Looe?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Looe. Unlike many estate agents and brokerage sites we do not operate referral deals with solicitors. Some agents and online brokers 'recommend' solicitors that pays the highest per referral, not the best value conveyancing in Looe
What advice can you give us when it comes to finding a Looe conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a solicitor for lease extension works (regardless if they are a Looe conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We recommend that you talk with several firms including non Looe conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
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How familiar is the practice with lease extension legislation? Can they put you in touch with clients in Looe who can give a testimonial?
I invested in buying a 1st floor flat in Looe, conveyancing was carried out in 2011. Can you work out an approximate cost of a lease extension? Equivalent properties in Looe with a long lease are worth £255,000. The ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2099
With only 73 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
My partner and I are acquiring a studio flat in Looe. At the point of instructing our lawyer, they told us that they were on all mainstream lender panels. The mortgage broker emailed today to advise that they don't seem to be on the UBS approved list. Should that be true, what should we do? Do we simply choose a different conveyancer that is on their panel or do we cover the costs for dual representation, with UBS appointing their own preferred property lawyer.
When acquiring a property with the benefit of a mortgage it is usual for the buyer’s lawyers to also represent the purchaser's lender. In order to act for a bank or building society a lawyer has to be on that lender's conveyancing panel. An application has to be made by the solicitor to the lender to become a member of the lender's panel and there are increasingly strict conditions which the lawyer has to meet. Some mortgage companies now insist their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact UBS to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on UBS's conveyancing panel and you may continue to use your own Looe solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.