I am about to put a bid on a leasehold property in Greasby. The selling agents assure me that it is the norm for flats in Greasby to have less than 75 years unexpired on the lease. I am getting a loan with Accord Mortgages. Will the property be mortgageable given that the lease has 69 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 9/8/2025 the requirements read as follows :
I require expedited conveyancing in Greasby as I am under pressure to complete in less than one month. A mortgage is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you are at free not to do searches although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Greasby the following are examples of what can be revealed and adversely affect market value: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...
It has been 4 months following my purchase conveyancing in Greasby took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a leasehold apartment up to £195,000 and identified one round the corner in Greasby I like with open areas and transport links in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Greasby in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan that many years may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
My father has urged me to instruct his conveyancers in Greasby. Should I use them?
There are no two ways about it the ideal way to choose a conveyancing practitioner is to get guidance from friends or relatives who have actually used the firm that you are contemplating using.