I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Friday Hill. My lender is Platform

Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 3/4/2024, the requirements read as follows :

Can you point me to a directory of Principality panel solicitors in Friday Hill on the Council of Mortgage Lender’s Website?

No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of banks make their panel listings available on the web. Where you are in need of a Friday Hill solicitor on the Principality please make the most of our tool.

My husband and I are at the point of looking at flats in Friday Hill and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a mortgage with Kent Reliance.

You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are seeking a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.

Planning on purchasing a house in Friday Hill. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Friday Hill lawyer is on the Aldermore conveyancing panel.

Just had an offer accepted on a new build apartment in Friday Hill. Conveyancing is necessary evil 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 legal work.

Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Friday Hill

Please supply a car parking plan. 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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

Due to the encouragement of my in-laws I had a survey completed on a house in Friday Hill before retaining conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies may not give a loan on such a premises.

It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Friday Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Friday Hill to see if the conveyancing will be more expensive.

Back In 2009, I bought a leasehold house in Friday Hill. Conveyancing and Skipton Building Society mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1993. The conveyancing solicitor in Friday Hill who previously acted has long since retired. What should I do?

The first thing you should do is make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is indeed the new freeholder. There is no need to instruct a Friday Hill conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I am the registered owner of a split level flat in Friday Hill, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Friday Hill with an extended lease are worth £170,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease terminates on 21st October 2102

With 78 years remaining on your lease we estimate the premium for your lease extension to be between £7,600 and £8,800 plus costs.

The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.