I am about to put an offer on a leasehold apartment in St Luke's. The property agents advise that it is usual for flats in St Luke's to have less than 75 years remaining. I am getting a loan with Platform. Will the property be mortgageable given that the lease has Seventy One 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. Platform 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 :
I have been told that property searches are a common reason for stalling in St Luke's conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in St Luke's.
Is it possible to swap firm as I need to retain a firm on the Platform Home Loans Ltd conveyancing list. I instructed a local conveyancing solicitor in St Luke's five minutes from me but he is not approved by Platform Home Loans Ltd
We will our best to assist in finding you a conveyancing solicitor in St Luke's on the Platform Home Loans Ltd panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in St Luke's. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in St Luke's.
In sourcing the world wide web for the words conveyancing in St Luke's it reveals numerous solicitorslocally. With so much choice what is the best way to find the suitable property lawyer for purchase transaction?
The ideal way of choosing a suitable conveyancer is through a personal referral, so enquire of colleagues and family who have bought a property in St Luke's or a reputable estate agent or financial adviser. Charges for conveyancing in St Luke's differ, so it's a good idea to request a minimum of four fee calculations from varying types of property lawyers. Be sure to secure confirmation what costs in the quote includes.
For various reasons I am unfit to be present at my St Luke's conveyancing lawyers office to sign documents connected to my conveyancing in St Luke's – will this be problematic?
You need not be concerned. St Luke's conveyancing solicitors can handle home moves for clients from a distance. It is not necessary for you to be able to meet your lawyer in the flesh at a St Luke's conveyancers office. Almost all lawyer can deal with everything remotely from their St Luke's office.