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Find a Lytham Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Lytham

I have Fifty Six years remaining on my lease and require a lease extension for my apartment in Lytham. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions correct?

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. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/4/2019 the requirements read as follows :

Mortgage term plus 30 years (subject to a minimum unexpired term of 55 years). Please contact us as detailed in 1.11b should this not be the case.
For new build properties, the following lease terms are not acceptable:
- The unexpired lease term on a new build flat is less than 125 years
- The unexpired lease term on a new build house is less than 250 years
If the lease cannot be amended to comply with the above, the case cannot proceed. Please advise us immediately where the case cannot proceed.
Contact point as detailed in 1.11b.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Lytham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Lytham

    Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision. 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. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.

In my capacity as executor for the will of my grandmother I am disposing of a house in Neath but reside in Lytham. My conveyancer (approximately 200 miles from mehas requested that I execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing practitioner in Lytham who can attest this legal document for me?

Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are Lytham based

What are the frequently found problems that you encounter in leases for Lytham properties?

There is nothing unique about leasehold conveyancing in Lytham. Most leases are unique and legal mistakes in the legal wording can sometimes mean that certain clauses are missing. The following missing provisions could result in a defective lease:

    A provision for the recovery of money spent for the benefit of another party. Maintenance charge proportions which don’t add up to the correct percentage

You may encounter difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, The Mortgage Works, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, obliging the purchaser to withdraw.

I inherited a basement flat in Lytham, conveyancing having been completed 3 years ago. Can you work out an approximate cost of a lease extension? Similar properties in Lytham with over 90 years remaining are worth £216,000. The ground rent is £50 charged once a year. The lease comes to an end on 21st October 2088

With only 69 years left to run we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as costs.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.

Can a conveyancer remove someone from the title of my home in Lytham ?

Extracting or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a property lawyer

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