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Find a Hockley Heath Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Hockley Heath? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Hockley Heath home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Hockley Heath conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Hockley Heath

I am about to put a bid on a leasehold apartment in Hockley Heath. The selling agents say that it is normal for flats in Hockley Heath to have less than 75 years left on the lease. I am expecting a mortgage with Chelsea Building Society. Is this going to be acceptable if the lease has 70 years to go.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 10/12/2018 the requirements read as follows :

85 years from the date of completion of the mortgage. Please ensure that you explain the implications of a short term lease to the borrower.

I am buying a new build apartment in Hockley Heath. 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.

Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Hockley Heath

    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. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.

I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Hockley Heath I like with open areas and railway links in the vicinity, however it only has 51 years on the lease. There is not much else in Hockley Heath in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you need a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.

Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £350,000 apartment in Hockley Heath next Friday. The managing agents has quoted £336 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Hockley Heath?

For the majority of leasehold sales in Hockley Heath conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

    Answering pre-exchange enquiries Where consent is required before sale in Hockley Heath Supplying insurance information Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale
Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Hockley Heath leasehold property is £350. For Hockley Heath conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide answers.

Hockley Heath Leasehold Conveyancing - Sample of Questions you should consider Prior to buying

    Are any of leasehold owners in dispute over their service charge payments? How many years are left on the lease?

Do lenders provide you with an approved list of Hockley Heath solicitors? How do you know who is on the mortgage company conveyancing panel?

Hockley Heath law firm practices and firms carrying out conveyancing in Hockley Heath themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the lender directly.

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