We are planning to acquire a property and require a conveyancing solicitor in Muxton who is on the Leeds Building Society solicitor panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Muxton.
About to place an offer on a leasehold flat in Muxton. The property agents assure me that it is normal for flats in Muxton to have less than 75 years left on the lease. I am expecting a mortgage with Accord Mortgages. Will the property be mortgageable given that the lease has 70 years to go.
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. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/4/2025 the requirements read as follows :
I have been on the look out for a ground for flat up to £195,000 and identified one near me in Muxton I like with amenity areas and station in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Muxton in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term will be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
In searching the world wide web for the words conveyancing in Muxton it reveals numerous conveyancerslocally. With so much choice what is the best way to find the suitable conveyancer for purchase transaction?
The ideal way of seeking the right conveyancer is via personal referral, so seek the counsel of friends and relatives who have purchased a property in Muxton or a local estate agent or mortgage broker. Fees for conveyancing in Muxton differ, so it's a good idea to secure at least three estimates from different property lawyers. Make sure that you know that the costs are guaranteed not to increase.
Expecting to complete next month on a ground floor flat in Muxton. Conveyancing solicitors have said that they will have a report out to me next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Muxton should include some of the following:
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What remedies are open the freeholder should you are in breach of your lease terms? It needs to be made clear to you if the lease allows you to change or improve aspects of the premises- you should be made aware as to whether any restrictions relates to all alterations or just structural alteration, and whether licences for alterations is mandated necessary The unexpired lease term. You should be advised as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years Details of the parties to the lease, for instance these could be the tennant, superior lessor, landlord
I bought a basement flat in Muxton, conveyancing formalities finalised in 2005. Can you work out an approximate cost of a lease extension? Corresponding flats in Muxton with a long lease are worth £206,000. The ground rent is £45 charged once a year. The lease runs out on 21st October 2091
With only 66 years unexpired we estimate the price of your lease extension to be between £12,400 and £14,200 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.
What can I do where I am dissatisfied with the conveyancer who carried out my conveyancing in Muxton?
Occasionally the level of service you receive is not as you expect, and unfortunately sometimes things do go wrong. Nevertheless there is recourse if you were dissatisfied with your conveyancing in Muxton. This varies from trying to resolve matters directly with them, through to reporting a conveyancer to their regulator. If things still aren’t resolved you may consider enlisting the help of the Legal Ombudsman.