I have 7378 less than 75 years remaining on my lease and require a lease extension for my flat in Highbridge. Conveyancing solicitors on the Platform panel can deal with such extensions right?
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 12/5/2024 the requirements read as follows :
Will my conveyancer be raising questions about flooding during the conveyancing in Highbridge.
The risk of flooding is if increasing concern for lawyers dealing with homes in Highbridge. Plenty of people will buy a house in Highbridge, completely expectant that at some time, it may be flooded. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, however there are a numerous searches that may be undertaken by the purchaser or by their lawyers which can figure out the risks in Highbridge. The standard information given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the seller to discover if the premises has suffered from flooding. In the event that flooding has previously occurred which is not disclosed by the vendor, then a purchaser could commence a claim for damages resulting from an misleading reply. The purchaser’s solicitors may also commission an environmental search. This will higlight if there is any known flood risk. If so, further inquiries should be conducted.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Highbridge is where the house is located. Can you shed any light on this issue?
Flying freeholds in Highbridge are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Highbridge you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Highbridge may determine 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 property.
I am looking into buying my first house which is in Highbridge and I am already nervous. I couldn't find anything specific about Highbridge. Conveyancing will be needed in due course but do you know about the Highbridge area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Highbridge. In the meantime here are some basic statistics that we found
How do I identify value for money conveyancing in Highbridge?
Option 1 is to ask your friends and family who they would recommend. Second, use a search tool on the internet for conveyancing in Highbridge. Phone two or three from the list and ask them to send you their conveyancing fees and speak to the lawyer who will conduct your conveyancing before you commit. Option 3 is to make use of our search tool to assist you in finding the right lawyers for you based on your unique factors including location,speed, complexity and who the proposed mortgage company is.Avoid the trap of appointing lowest cost conveyancing solicitors in Highbridge