I selected a local solicitor for my conveyancing in Penkridge last week. Upon checking the Terms I seewe are liable for costs even where the transaction does not complete. Should I ditch them and appoint an internet solicitor practice promoting no-sale-no-fee conveyancing in Penkridge?
Generally there is a compromise along the lines that if "No Completion No Fee" is available then the conveyancing charges will tend to be be more expensive to neutralise the conveyances that fail to complete. Dont forget that such offerings rarely protect you from expenses such as Penkridge conveyancing search expenses.
I have Fifty Six years left on my lease and require a lease extension for my flat in Penkridge. Conveyancing solicitors on the Platform panel can deal with such extensions right?
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 25/1/2026 the requirements read as follows :
I own a terraced Victorian house in Penkridge. Conveyancing solicitor represented me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Penkridge and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing lawyer who completed the work.
I'm buying my first flat in Penkridge with a mortgage from Barclays Direct. The developers refused to budge the amount so I negotiated £7000 of extras instead. The sale representative suggested that I not disclose to my solicitor about this side-deal as it will put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Do you have any top tips for leasehold conveyancing in Penkridge with the aim of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Penkridge can be avoided where you get in touch lawyers the minute your agents start advertising the property and request that they start to collate the leasehold information needed by the purchasers’ conveyancers. You believe that you know the number of years left on your lease but it would be wise to double-check via your lawyers. A purchaser's conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the lease term is less than 75 years. In the circumstances it is important at an early stage that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. If you have the benefit of shareholding in the freehold, you should ensure that you hold the original share document. Organising a duplicate share certificate can be a lengthy process and frustrates many a Penkridge home move. If a reissued share is required, you should approach the company director and secretary or managing agents (if applicable) for this sooner rather than later. In the event that you altered the property did you need the Landlord’s permission? In particular have you installed wooden flooring? Penkridge leases often stipulate that internal structural alterations or installing wooden flooring calls for a licence from the Landlord approving such changes. Where you fail to have the approvals to hand you should not communicate with the landlord without contacting your solicitor in the first instance. A minority of Penkridge leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their lawyers.
I bought a studio flat in Penkridge, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Penkridge with a long lease are worth £170,000. The average or mid-range amount of ground rent is £50 levied per year. The lease terminates on 21st October 2104
With just 78 years remaining on your lease we estimate the price of your lease extension to range between £7,600 and £8,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
I'm buying a property in Penkridge. I have found my conveyancer's company on the Law Society's list, but I can't see my conveyancer's name on the list. Is this a big problem?
Not all staff in the company must be listed by the regulator. As long there is a manager qualified to 'oversee' the transaction, the actual day-to-day activity can be undertaken by unqualified staff.