My solicitor has uncovered a defect with the lease for the property we are buying in Downham. The other side have suggested title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor says that he must ensure that the bank is happy with this solution. Are we the client or is the mortgage company ?

Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. These conveyancing instructions must be adhered to.

I am buying a new build apartment in Downham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Downham

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.

I am looking for a leasehold apartment up to £245,000 and found one near me in Downham I like with open areas and railway links in the vicinity, the downside is that it's only got 61 years on the lease. I can't really find anything else in Downham in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

If you need a mortgage the shortness of the lease may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.

My business partner and I are planning to lease a unit on a shopping parade. Can you recommend solicitors offering fixed fees for non-domestic conveyancing in Downham for less than £2000?

We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Downham, including the sale and purchase of businesses as well as simply premises. If you are intending to purchase or lease a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. Regarding the fees these will vary based on the structure and terms of the proposed transaction. Please provide us with your details or call so as to enable us to furnish you with a fixed commercial conveyancing calculation.

I am using a search engine for the words cheap conveyancing in Downham it brings up numerous property lawyersin the area. How do I determine which is the suitable conveyancer for me?

The preferential way of choosing the right conveyancer is through a personal testimonial, so ask colleagues and relatives who have bought a property in Downham or a respected estate agent or financial adviser. Fees for conveyancing in Downham vary, so it's advisable to request at least three fee calculations from varying types of conveyancers. Be sure to seek confirmation what costs in the quote includes.