I have 7378 less than 75 years unexpired on my lease and need a lease extension for my apartment in Chadderton. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions correct?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 13/12/2024 the requirements read as follows :

We had appointed conveyancers located in Chadderton on the Lloyds solicitor panel. They have just billed me a supplemental amount for dealing with the Lloyds mortgage. Is this an additional conveyancing fee set by Lloyds?

Provided it is contained in their Terms of Engagement or estimate then yes your conveyancing practitioner can levy a fee for this. This fee is not set by Lloyds but by your Chadderton property lawyer. Some firms on the Lloyds panel will quote an ‘acting for lender’ fee but plenty of firms include it on their overall fee.

I am buying a property in Chadderton. An unusual aspect is that the roof has a solar panel. RBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

Given that your lender is RBS your lawyer must comply with the formal instructions contained in Section two of UK Finance Lenders’ Handbook for RBS. The CML Handbook sets out minimum conditions for solar panel roof-space leases, and property lawyers are required to report to RBS where a lease does not meet these requirements. The provisions relate to the installation of panels on properties countrywide and is not restricted to Chadderton.

At last I have had an offer on an apartment in Chadderton accepted, but there is a chain. The owners have offered on somewhere, but it’s not been accepted yet, and have viewings of other flats in the pipeline. I have chosen a local conveyancing solicitor in Chadderton. What do I do now? When should I get the mortgage application with Leeds Building Society going?

It is normal to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is in the region of £1k, then survey, Chadderton conveyancing search costs, etc). The first thing to do is ensure that your solicitor is on the Leeds Building Society approved list. Regarding the subsequent phase this very much depends on the circumstances of your transaction, attraction to this property and on the state of the market. In a buoyant market the majority of buyers will apply for the mortgage with Leeds Building Society and arrange for the valuation and only if it was satisfactory would they request their conveyancing practitioner to move forward with the conveyancing in Chadderton.

What can a local search inform me concerning the property I am purchasing in Chadderton?

Chadderton conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance Xpress Legal The local search is essential in every Chadderton conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your new home. The search will provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.

I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Chadderton is where the house is located. Is there any guidance you can give?

Flying freeholds in Chadderton are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Chadderton you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chadderton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I today plan to offer on a house that seems to meet my requirements, at a great price which is making it all the more appealing. I have since discovered that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a leasehold house in Chadderton. Conveyancing lawyers have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Chadderton ?

Most houses in Chadderton are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are purchasing in Chadderton in which case you should be looking for a Chadderton conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example requiring the freeholder’spermission to carry out changes to the property. You may also be required to pay a service charge towards the upkeep of the communal areas where the property is part of an estate. Your lawyer should report to you on the legal implications.

I acquired a split level flat in Chadderton, conveyancing was carried out in 1995. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Chadderton with an extended lease are worth £170,000. The ground rent is £50 levied per year. The lease ends on 21st October 2103

With just 79 years remaining on your lease we estimate the premium for your lease extension to range between £7,600 and £8,800 plus costs.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.