I have 71 years unexpired on my lease and need a lease extension for my flat in Sandiacre. Conveyancing solicitors on the Bank of Ireland panel can deal with such extensions right?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting 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 20/7/2024 the requirements read as follows :

The deeds to our property are lost. The conveyancers who conducted the conveyancing in Sandiacre 5 years ago are no longer around. Will I be able to sell the house?

As long as the title is registered the details of your ownership will be recorded by the Land Registry with a Title Number. It is easy to conduct a search at the Land Registry, identify your house and secure current copies of the property title for less than a fiver. If the property is Leasehold then the Land Registry will in most cases hold a file copy of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.

How does conveyancing in Sandiacre differ for new build properties?

Most buyers of new build residence in Sandiacre contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Sandiacre tend to 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 Sandiacre or who has acted in the same development.

Is it possible to swap conveyancer as I need to find one who is on the Bank of Ireland conveyancing list. I had appointed a local conveyancing solicitor in Sandiacre five minutes from me but he is not approved by Bank of Ireland

We will our best to assist in finding you a conveyancing solicitor in Sandiacre on the Bank of Ireland panel. Please note that the law firms that we on the directory do not pay us fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Sandiacre. In utilising search facility on this website, you can compare charges for conveyancing solicitors in Sandiacre and throughout England and Wales.

Back In 2002, I bought a leasehold flat in Sandiacre. Conveyancing and Chelsea Building Society mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in Sandiacre who previously acted has now retired. Any advice?

First make enquiries of HMLR to make sure that this person is in fact the new freeholder. It is not necessary to instruct a Sandiacre conveyancing firm to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Leasehold Conveyancing in Sandiacre - Sample of Questions you should consider before Purchasing

If a Sandiacre lease has less than 80 years it will have adverse implications on the value of the flat. Check with your lender that they are happy with residual term of the lease. A short lease means that you will most likely require a lease extension sooner rather than later and it is worth finding out what this will be. Remember, in most cases you will be be obliged to have been the owner of the residence for two years in order to be eligible to carry out a lease extension. In the main the outlay for major works tend not to be included within maintenance charges, although there some managing agents in Sandiacre ask leaseholders to contribute towards a reserve fund and this is used to offset against major works. How long is the Lease?