I am about to put an offer on a leasehold flat in South Petherton and Lambrook. The selling agents advise that it is normal for flats in South Petherton and Lambrook to have less than 75 years remaining. I am obtaining a loan with Chelsea Building Society. Is this going to be a problem if the lease has Seventy One 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. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 15/2/2026 the requirements read as follows :
I can see plenty of here about conveyancing in South Petherton and Lambrook but can you isolate your top tip for choosing the right conveyancer in South Petherton and Lambrook
Do not opt for the lowest South Petherton and Lambrook conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
We were going to get a DIP from Principality this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Principality recommend any South Petherton and Lambrook solicitors on the Principality conveyancing panel, or is it better to go independently?
You will need to appoint South Petherton and Lambrook solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
I am due to exchange contracts on my flat. I had a double glazing fitted in September 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Yorkshire BS are being a right pain. The South Petherton and Lambrook solicitor who is on the Yorkshire BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Yorkshire BS are insisting on a building regulation certificate. Why do Yorkshire BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Yorkshire BS have referred the matter to their valuer. The reason why Yorkshire BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I am buying a new build apartment in South Petherton and Lambrook. 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.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in South Petherton and Lambrook
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I am looking for a leasehold apartment up to £245,000 and identified one round the corner in South Petherton and Lambrook I like with a park and station nearby, the downside is that it's only got 52 years on the lease. There is not much else in South Petherton and Lambrook in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
Is it best to use a South Petherton and Lambrook conveyancing lawyer based in the area that I am hoping to buy? An old friend can handle the legal formalities however they are based a couple of hundredkilometers drive away.
The primary upside of using a local South Petherton and Lambrook conveyancing firm is that you can attend the office to sign paperwork, present your ID and apply pressure on them if necessary. They will also have local knowledge which is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and the majority were happy that must surpass using an unfamiliar South Petherton and Lambrook conveyancing solicitor just because they are round the corner.
My property lawyer in South Petherton and Lambrook has informed me that he requires ID documents stating that this is part of his requirements as a conveyancer on the bank Conveyancing panel. This is news to me - can I refuse?
Anti-terror and anti-money-laundering rules require South Petherton and Lambrook conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that the mortgage company also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the bank's UK Finance Lenders’ Handbook requirements