About to place an offer on a leasehold apartment in Penwortham. The property agents assure me that it is standard for flats in Penwortham to have less than 75 years unexpired on the lease. I am taking out a loan with Accord Mortgages. Will the property be mortgageable given that the lease has 69 years left.
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. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 19/8/2025 the requirements read as follows :
Me and my brother purchased a renovated Victorian property in Penwortham. Conveyancing practitioner represented me and Virgin Money. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Penwortham and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing lawyer who conducted the purchase.
I am buying my first flat in Penwortham with a mortgage from Chelsea Building Society. The developers refused to budge the price so I negotiated 6k of additionals instead. The house builders rep suggested that I not inform my solicitor about this deal as it could impact my mortgage with the bank. Should I keep quiet?.
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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a simple, no chain conveyancing. Penwortham is where the house is located. Is there any guidance you can give?
Flying freeholds in Penwortham are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Penwortham you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Penwortham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am selling my property. My previous lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Penwortham if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Penwortham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
In scouring the internet for the words cheap conveyancing in Penwortham it brings up many property lawyersin the vicinity. With so much choice what is the best way to find the right property lawyer for purchase transaction?
The ideal method of seeking the right conveyancer is via trusted referral, so seek the counsel of friends and those you trust who have purchased a property in Penwortham or the local estate agent or mortgage broker. Fees for conveyancing in Penwortham differ, so it's a good idea to request at least three fee estimates from different conveyancers. Dont forget to clarify that the fees are fixed.