I am obtaining a mortgage offer from Lloyds. I hope to use a Licensed Conveyancer in Audley. Does the Lloyds Conveyancing panel include Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I have 70 years left on my lease and require a lease extension for my apartment in Audley. 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 15/7/2025 the requirements read as follows :
How does conveyancing in Audley differ for new build properties?
Most buyers of new build residence in Audley come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because builders in Audley typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Audley or who has acted in the same development.
I have been recommended by a few property agents in Audley to find a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to market your lawyers over a competitor’s?
We don’t make any referral fee for sending work to this site. We found it would be just too difficult to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am looking at a couple of apartments in Audley which have approximately forty five years remaining on the leases. Do I need to be concerned?
There are plenty of short leases in Audley. The lease is a right to use the property for a prescribed time frame. As the lease gets shorter the value of the lease decreases and results in it becoming more costly to extend the lease. For this reason it is generally wise to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional help from a solicitor and surveyor with experience in this field.
I own a garden flat in Audley, conveyancing having been completed in 2011. Can you work out an approximate cost of a lease extension? Comparable flats in Audley with a long lease are worth £176,000. The ground rent is £50 per annum. The lease ceases on 21st October 2105
With just 80 years unexpired the likely cost is going to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.