I am about to put a bid on a leasehold apartment in Newark. The selling agents tell me that it is usual for flats in Newark to have less than 75 years left on the lease. I am obtaining a loan with Platform. Will the property be mortgageable given that the lease has 69 years to go.
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. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 27/3/2025 the requirements read as follows :
I need some quick conveyancing in Newark as I am faced with an ultimatum to exchange contracts inside 3 weeks. Luckily I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not getting a mortgage you have the choice not to do searches although no conveyancer would recommend that you don't. With lots of history conveyancing in Newark the following are examples of what can show up and therefore affect future mortgageability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
Despite weeks of looking the Title Certificate and documents to our property are lost. The solicitors who dealt with the conveyancing in Newark 4 years ago are no longer around. What are my options?
You no longer need to have the physical original deeds to establish that you are the owner of your registered land or property, given that the Land Registry have everything they need in a digital format.
About to purchase a new build apartment in Newark. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Newark
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
In surfing the world wide web for the term on line conveyancing in Newark it shows results of numerous property lawyersin the area. How do I determine which is the right solicitor for the sale of my house?
The best method of choosing the right conveyancer is through a trusted testimonial, so ask friends and family who have acquired a property in Newark or the respected estate agent or financial adviser. Fees for conveyancing in Newark vary, so it's advisable to obtain at least four estimates from different conveyancers. Be sure to obtain confirmation that the costs are guaranteed not to increase.
My fiance and I are buying a four bedroom flatin Newark with a mortgage from a lender. We would like to retain our solicitor in Newark but our bank inform us now that she’s not on their "panel". Apparently we need to choose one of the our bank panel solicitors or keep our Newark conveyancer and pay for one of their panel ones to represent our bank. We feel as though this is unjust; Can we not simply insist that our bank use our Newark lawyer?
Unfortunately,no. The mortgage company home loan issued is subject to conditions, one of which will be that solicitors will on the lender's conveyancing panel. in the past, most mortgage companies had large numbers of law firms on their panels, including many conveyancing solicitors in Newark : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for your lender.