I am about to put a bid on a leasehold property in Bolsover. The selling agents assure me that it is normal for flats in Bolsover to have less than 75 years left on the lease. I am getting a mortgage with Chelsea Building Society. Is this going to be acceptable if the lease has Seventy One years unexpired.
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. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 24/1/2025 the requirements read as follows :
I used Arc property Solicitors a few years past for my conveyancing in Bolsover. I now require my file however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate 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 Bolsover of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying a new build house in Bolsover benefiting from help to buy. The sellers refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not reveal to my lawyer about the extras as it may jeopardize my mortgage with Platform Home Loans Ltd. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
My father has urged me to appoint his conveyancers in Bolsover. Should I use them?
No doubt the ideal way to find a conveyancing lawyer is to get referrals from friends or family who have actually experience in using the solicitor you're contemplating using.
We are expecting to complete on the purchase a house in Bolsover but as a result of wreckage from the recent storms I have negotiated reparation from the vendor of five thousand pounds by way of a adjustment in the price. This was going to be addressed as part of the conveyancing process yet my lender will not permit this. Why were they informed?
Any lawyer listed on the bank approved list is obliged to disclose to the mortgage company of any variations to the purchase price. In the event that you were to refuse your property lawyer to disclose the reduction to your mortgage company then they would have to discontinue acting for you and the bank.