I am about to put a bid on a leasehold apartment in Bexley. The estate agents assure me that it is standard for flats in Bexley to have less than 75 years left on the lease. I am getting a loan with Chelsea Building Society. Is this going to be acceptable if the lease has 69 years remaining.
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 3/11/2024 the requirements read as follows :
My wife and I purchased a renovated Victorian house in Bexley. Conveyancing solicitor represented me and Clydesdale. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the exact same property. I'd like to know for sure, how can I find out??
You need to assess 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bexley and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing solicitor who conducted the purchase.
I am purchasing my first flat in Bexley with the aid of help to buy. The builders refused to budge the price so I negotiated £7000 of extras instead. The property agent advised me not reveal to my solicitor about the side-deal as it may adversely affect my loan with Accord Mortgages Ltd. Do I keep my lawyer in the dark?.
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.
What tools are available to locate a Bexley solicitor on the Chelsea Building Society conveyancing panel? I am a keen cyclist and am happy to travel upto 10kilometers to meet the conveyancer.
You can use the facility on this website. Please pick a bank and your location and you will see a number of Bexley conveyancing lawyers based on proximity. We have detailed some Bexley conveyancing firms towards the end of this page and you can call them to verify if they are on the Chelsea Building Society member panel
As co-executor for the will of my grandfather I am disposing of a residence in Monmouth but reside in Bexley. My conveyancer (who is 235 kilometers awayhas requested that I sign a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Bexley who can attest this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are Bexley based