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Find a Milford Haven Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Milford Haven

We note that you have a post code search directory listing firms on the UBS conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Milford Haven?

We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Milford Haven.

I have 71 years unexpired on my lease and require a lease extension for my flat in Milford Haven. Conveyancing solicitors on the Platform panel can deal with such extensions correct?

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. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/12/2018 the requirements read as follows :

70 years unexpired at application, 30 years at the end of the mortgage term, except where the mortgage application is pursuant to Platform's participation in the Government's Help to Buy Shared Equity scheme, in which case (a) the unexpired lease term must not be less than 250 years for new-build houses and not less than 125 years for new-build flats and (b) ground rent must be reasonable at all times and any escalation must be linked to RPI (Retail Price Index) or a similar index.

Just had an offer accepted on a new build flat in Milford Haven. 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.

Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Milford Haven

    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. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants.

I have been on the look out for a ground for flat up to £195,000 and found one close by in Milford Haven I like with open areas and station nearby, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Milford Haven suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?

If you require a home loan that many years may be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 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 term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.

I am on look out for some leasehold conveyancing in Milford Haven. Before I get started I require certainty as to the unexpired term of the lease.

If the lease is recorded at the land registry - and 99.9% are in Milford Haven - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Leasehold Conveyancing in Milford Haven - Examples of Queries before Purchasing

    Does the lease include onerous restrictions? It would be sensible to discover if there is anything that is prohibited in the lease. By way of example plenty of leases prohibit pets being allowed in certain buildings in Milford Haven. If you like the apartmentin Milford Haven however your cat can’t make the move with you then you will be presented with a difficult choice. The majority of Milford Haven leasehold flats will be liable to pay a service bill for the upkeep of the building set on behalf of the freeholder. Should you purchase the property you will have to pay this amount, usually periodically accross the year. This could be anything from two or three hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge to be met yearly, normally this is not a large sum, say about £50-£100 but you should to enquire it because on occasion it can be many hundreds of pounds.

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