I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Padstow. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 3/10/2025, the requirements read as follows :
What does a local search reveal regarding the property we're purchasing in Padstow?
Padstow conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations for instance Searchflow The local search is essential in every Padstow conveyancing purchase; as long as you don’t want any nasty surprises after you move into your property. The search will reveal information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
Should I be suspicious by brokers that I am dealing with are suggesting an online conveyancing firm rather than a local Padstow conveyancing company?
As with lots of service providers, often recommendations from relatives can be extremely useful or valuable. Nevertheless there are lots of people with a vested interest in a conveyancing matter; estate agents, mortgage brokers and mortgage companies might all put forward lawyers to retain. Sometimes the conveyancers might be known to one of the organisations as experts in their field, but occasionally there is an underlying financial incentive behind the recommendation. You have the discretion to appoint your preferred lawyer. However, bear in mind that some banks specify a panel list of lawyers you are obliged to use for the lender aspect of your home move.
I have recently realised that I have 62 years unexpired on my flat in Padstow. I now want to extend my lease but my landlord is absent. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. However, you will be required to demonstrate that you have done all that could be expected to find the landlord. On the whole an enquiry agent may be useful to try and locate and prepare an expert document which can be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a solicitor both on investigating the landlord’s absence and the application to the County Court overseeing Padstow.
I am the registered owner of a ground floor flat in Padstow, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Padstow with over 90 years remaining are worth £201,000. The ground rent is £45 invoiced annually. The lease ceases on 21st October 2089
With 64 years remaining on your lease the likely cost is going to range between £14,300 and £16,400 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.
How much experience do your Padstow conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Padstow conveyancing lawyers help thousands of buyers move home every year and supported lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Padstow conveyancers have worked on recent similar cases.