About to place an offer on a leasehold apartment in Park Royal. The estate agents assure me that it is usual for flats in Park Royal to have less than 75 years remaining. I am getting a loan with Chelsea Building Society. 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. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/12/2025 the requirements read as follows :
I just acquired a house at auction in Park Royal. Conveyancing is needed. What is next?
Having legally committed yourself to purchase you now have to instruct a conveyancing lawyer soon as you now have a tight a drop dead date to complete the conveyancing. Every auction property will have a corresponding auction pack. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You should pass this on to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that that you have the requisite funding in order to complete on the date specified in the contract.
I am buying a 3 bedroom semi in Park Royal. Our aim is to an extension at the rear at the property.Will legal investigations on the property involve enquiries to determine if these works are allowed?
Your property lawyer should check the registered title as conveyancing in Park Royal will on occasion identify restrictions in the title deeds which prohibit certain alterations or require the permission of a 3rd party. Some additions need local authority planning permissions and approval in compliance with building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor before you commit yourself to a purchase.
After shopping around on the internet I have found a Park Royal solicitor having checked that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Park Royal surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I am buying a new build flat in Park Royal. Conveyancing is a frightening process 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 are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Park Royal
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There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Due to the advice of my in-laws I had a survey completed on a house in Park Royal before appointing solicitors. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some lenders will not give a loan on this type of premises.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Park Royal. Conveyancing may be slightly more expensive based on your lender's requirements.
In searching the world wide web for the words cheap conveyancing in Park Royal it reveals numerous property lawyerslocally. With so much choice what is the best way to find the right solicitor for my move?
The best method of choosing a suitable conveyancer is through a trusted referral, so ask friends and family who have bought a property in Park Royal or the respected estate agent or financial adviser. Costs for conveyancing in Park Royal differ, so it's a good idea to request at least four quotes from varying types of law firms. Dont forget to clarify that the costs are guaranteed not to rise.
If all goes to plan we aim to complete the sale of our £325,000 maisonette in Park Royal on Monday in a week. The managing agents has quoted £372 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Park Royal?
Park Royal conveyancing on leasehold apartments normally results in fees being invoiced by management companies :
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Answering conveyancing due diligence questions
Where consent is required before sale in Park Royal
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have given up trying to purchase the freehold in Park Royal. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a missing landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to determine the amount due.
An example of a Lease Extension matter before the tribunal for a Park Royal property is 99 Connell Crescent in May 2013. the Tribunal held that the relevant sum for the purposes of the lease extension should be £72,566 to be paid by the leaseholder This case affected 1 flat. The unexpired term as at the valuation date was 28.42 years.