Our conveyancer has identified a a problem with the lease for the apartment we are purchasing in Sunbury On Thames. The other side have offered defective title insurance as a workaround. We are content with insurance and will cover the costs. Our conveyancer has advised that he must check that the lender is willing to move forward with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
About to place an offer on a leasehold apartment in Sunbury On Thames. The selling agents tell me that it is the norm for flats in Sunbury On Thames to have less than 75 years unexpired on the lease. I am getting a mortgage with Bank of Ireland. Is this going to be acceptable 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. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 24/2/2025 the requirements read as follows :
My friend advised me that if I am buying in Sunbury On Thames I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Sunbury On Thames conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about Sunbury On Thames around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Sunbury On Thames Education with plans and statistics, Local Amenities and other useful information concerning Sunbury On Thames.
I used Action Conveyancing a few years past for my conveyancing in Sunbury On Thames. Now, I need my files but the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Sunbury On Thames of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have just started marketing my 2 bed flat in Sunbury On Thames. Conveyancing solicitors are to be appointed soon, but I have just received a yearly service charge invoice – what should I do?
The sensible thing to do is clear the service charge as normal given that all rents and service charges will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I have had difficulty in trying to purchase the freehold in Sunbury On Thames. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We are happy to put you in touch with a Sunbury On Thames conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Sunbury On Thames residence is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case affected 1 flat. The unexpired lease term was 82.93 years.
Why can't I complete our conveyancing in Sunbury On Thames on May bank holiday?
This is due to the fact that on completion the purchase price will be transferred electronically between the banks of the buyer and seller's conveyancing practitioner and currently this can only happen on a working day. So you can't complete on a weekend either.