I have 7378 less than 75 years remaining on my lease and require a lease extension for my flat in Plaistow. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions correct?
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 3/7/2026 the requirements read as follows :
It has been three months since my purchase conveyancing in Plaistow completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Plaistow differ for new build properties?
Most buyers of new build or newly converted property in Plaistow approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because developers in Plaistow usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Plaistow or who has acted in the same development.
I opted to have a survey carried out on a property in Plaistow before appointing conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies tend refuse to grant a mortgage on such a property.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Plaistow. Conveyancing may be slightly more expensive based on your lender's requirements.
I am attracted to a two maisonettes in Plaistow which have in the region of 50 years unexpired on the lease term. Will this present a problem?
There are plenty of short leases in Plaistow. The lease is a legal document that entitles you to use the premises for a period of time. As a lease shortens the saleability of the lease decreases and results in it becoming more costly to acquire a lease extension. For this reason it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this arena.
Notwithstanding our best endeavours, we have been unsuccessful in trying to purchase the freehold in Plaistow. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the amount due.
An example of a Lease Extension decision for a Plaistow residence is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case affected 1 flat. The unexpired term was 69.77 years.
I am in the process of purchasing my first home in Plaistow. Conveyancing practitioner has been chosen. The broker advised that a survey is not necessary as the house was only constructed in 1997.
You would be well advised to have a Home Buyer's Report. Given the property is over ten years old the property will not benefit from a warranty, so you would be well advised not to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could suffice. The report should highlight any apparent issues and suggest additional investigation where appropriate. If there are any indications of problems seek a full Building Survey from the beginning.