Can you explain why leasehold purchase conveyancing in Par costs more?
The conveyancing charges for a leasehold property in Par is frequently more expensive than on a freehold transaction. This is due to the additional time necessary in dealing with the landlord and management company to collate the information concerning whether the rent and maintenance fee have been paid and whether there are any major works due in the near future on repairs or maintenance of the building.
About to place a bid on a leasehold apartment in Par. The property agents say that it is standard for flats in Par to have less than 75 years unexpired on the lease. I am obtaining a mortgage with Tesco Bank. Is this going to be acceptable if the lease has 69 years left.
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. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/8/2025 the requirements read as follows :
I have been told that property searches are the number one cause of hinderance in Par conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Par.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Par is the location of the property. Can you shed any light on this issue?
Flying freeholds in Par are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Par you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Par may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I purchased a flat in Par last 13/6/2024 and to date it is still not recorded with the Land Registry. It is part of a development site and my conveyancing practitioner told me that it can take one year to register. I have spoken with HMLR directly and they have informed me the initial application was cancelled due to failure to reply to requisitions. What can I do?
Contact your solicitor - if you are not getting sensible responses, look up their internal complaints process and amplify your concerns to a Complaints Manager. Registrations for Par conveyancing are not known to be particularly slow.