About to place a bid on a leasehold flat in Redhill. The property agents tell me that it is standard for flats in Redhill to have less than 75 years unexpired on the lease. I am obtaining a mortgage with Virgin. Will the property be mortgageable given that the lease has 72 years left.
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. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 4/12/2025 the requirements read as follows :
I am purchasing a 4 bedroom semi-detached house in Redhill. Our aim is to an extension at the rear at the property.Will legal work on the property involve investigations to ascertain if these works were previously refused?
Your conveyancer should review the deeds as conveyancing in Redhill can sometimes identify restrictions in the title documents which prohibit categories of alterations or need the permission of a 3rd party. Some works need local authority planning permissions and approval in accordance building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor prior to committing yourself to a purchase.
When it comes to lenders such as Lloyds, do Redhill lawyers face an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
About to purchase maisonette in Redhill. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Redhill lawyer is on the Aldermore conveyancing panel.
I am buying a new build flat in Redhill. Conveyancing is necessary evil 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 conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Redhill
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants.
I am looking for a ground for flat up to £235,500 and identified one near me in Redhill I like with amenity areas and station in the vicinity, however it only has 51 years on the lease. There is not much else in Redhill in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan the remaining unexpired lease term may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I am a sole trader looking to lease a unit on the high street. Can you recommend conveyancers offering no-sale-no costs for commercial conveyancing in Redhill for less than 2k?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Redhill, including the sale and acquisition of businesses as well as simply property. Whether you are hoping to acquire or sell a shop, pub, restaurant, office, retail premises or a whole business we will find you the right solicitor. As for the fees these will vary based on the structure and terms of the proposed transaction. Let us have your contact information or telephone so as to enable us to furnish you with a detailed commercial conveyancing quote.
What are your top tips when it comes to finding a Redhill conveyancing firm to deal with our lease extension?
When appointing a solicitor for your lease extension (regardless if they are a Redhill conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We advise that you talk with several firms including non Redhill conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be helpful:
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If the firm is not ALEP accredited then what is the reason?
Redhill Leasehold Conveyancing - Examples of Queries before Purchasing
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How is the lease structured? Generally speaking the outlay for major works tend not to be included within maintenance charges, although there some managing agents in Redhill ask tenants to contribute towards a sinking fund and this is used to offset against major repairs or maintenance. Who manages the block?