Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Newbury Park. My lender is Virgin

Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 24/11/2025, the requirements read as follows :

Are there restrictive covenants that are commonly picked up as part of conveyancing in Newbury Park?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Newbury Park. 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…’

I have been on the look out for a flat up to £305k and found one near me in Newbury Park I like with amenity areas and railway links nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Newbury Park in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

Should you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities 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 speak to your conveyancing lawyer concerning this matter.

Hoping to buy a property located in Newbury Park and I am already nervous. I couldn't find anything specific about Newbury Park. Conveyancing will be needed in due course but do you know about the Newbury Park area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Newbury Park. In the meantime here are some basic statistics that we found

I am on look out for some leasehold conveyancing in Newbury Park. Before I get started I want to be sure as to the remaining lease term.

If the lease is recorded at the land registry - and almost all are in Newbury Park - 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.

I am the registered owner of a two-bedroom flat in Newbury Park. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium due for a lease extension?

Most certainly. We are happy to put you in touch with a Newbury Park conveyancing firm who can help.

An example of a Lease Extension decision for a Newbury Park residence is 104 Coventry Road in July 2014. The Tribunal determined that the lease extension permium should be £22,896.15 This case related to 1 flat. The unexpired term as at the valuation date was 60.29 years.