Can you explain why leasehold purchase conveyancing in Marks Gate costs more?
Marks Gate leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I have Fifty Six years remaining on my lease and need a lease extension for my flat in Marks Gate. Conveyancing solicitors on the Virgin panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 19/6/2025 the requirements read as follows :
If you had a top tip for choosing a conveyancing solicitor in Marks Gate what would it be?
Do not opt for the lowest Marks Gate conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I just bought a house at auction in Marks Gate. Conveyancing is required. What are my next steps?
Now that you have exchanged you now have to hire the services of a conveyancing solicitor quickly as you are faced with a fast approaching a fixed date to complete the deal. An auction property should have a bespoke legal pack. This will likely include the copy title deeds, local authority and drainage searches. In the case of leasehold premises the auction papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to a leasehold property. You should pass this on to the conveyancer working for you ASAP. Do make sure that you have funds organised to complete the transaction on the set completion date.
When it comes to lenders such as Skipton, do Marks Gate conveyancers have to pay an annual charge to be on the list of approved solicitors?
We are unaware of any lender fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
How does conveyancing in Marks Gate differ for new build properties?
Most buyers of new build residence in Marks Gate approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because builders in Marks Gate tend to purchase the site, 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 conveyancers 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 used to new build conveyancing in Marks Gate or who has acted in the same development.
I am looking to sell my property. My former conveyancers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Marks Gate if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Marks Gate. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Last February I purchased a leasehold house in Marks Gate. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Having spent years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Marks Gate. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the LVT to decide the price payable.
An example of a Lease Extension decision for a Marks Gate property is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case was in relation to 1 flat. The unexpired lease term was 61.36 years.