Please could you vouch for a Nottingham Building Society approved Marple conveyancing lawyer finish our house move within a very limited time frame? Am I best advised to unstruct a local Marple firm or an internet conveyancer?
We would be happy to suggest some excellent Marple conveyancing firms. Another option is to visit the high street in Marple. Visit some well established law practices and request to see a conveyancing solicitor for a costs illustration. Explain your deadline together with your reasons and get an assurance on your deadline. Select the one that appears most efficient.
I am about to put a bid on a leasehold property in Marple. The property agents advise that it is usual for flats in Marple to have less than 75 years left on the lease. I am expecting a mortgage with Bank of Ireland. Is this going to be a problem if the lease has 72 years to go.
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. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 31/8/2025 the requirements read as follows :
Are there restrictive covenants that are commonly picked up as part of conveyancing in Marple?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Marple. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Marple differ for newly converted properties?
Most buyers of new build residence in Marple approach us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Marple usually acquire the real estate, 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 Marple or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one close by in Marple I like with amenity areas and transport links nearby, however it only has 51 remaining years left on the lease. I can't really find anything else in Marple for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a mortgage that many years may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.