Will my conveyancing lawyers need to check that the building insurance when buying a house in Westhoughton. My lender is Chelsea Building Society

Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 8/1/2025, the requirements read as follows :

I have been on the look out for a ground for flat up to £305k and found one near me in Westhoughton I like with amenity areas and railway links in the vicinity, the downside is that it only has 51 years on the lease. I can't really find anything else in Westhoughton for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?

Should you require a mortgage the remaining unexpired lease term will likely be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.

I need to instruct a conveyancing solicitor for freehold conveyancing in Westhoughton. I have stumble upon a web site which appears to be the ideal offering If it is possible to get all this stuff done via email that would be preferable. Do I need to be wary? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

Completion is due on the disposal of our £325,000 apartment in Westhoughton in nine days. The management company has quoted £300 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Westhoughton?

Westhoughton conveyancing on leasehold apartments usually necessitates fees being levied by landlords agents :

Completing pre-contract enquiries Where consent is required before sale in Westhoughton Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Westhoughton leasehold property is £350. For Westhoughton conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to supply answers.

I acquired a 1 bedroom flat in Westhoughton, conveyancing having been completed in 2006. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Westhoughton with a long lease are worth £180,000. The ground rent is £65 per annum. The lease ceases on 21st October 2084

With 59 years left to run we estimate the premium for your lease extension to range between £20,900 and £24,200 as well as costs.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures 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 placing reliance on this information before getting professional advice.

Do I need to have a meeting at the offices of the bank conveyancing panel solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Westhoughton so that I can attend their offices if necessary.

Most conveyancing panel lawyers for the bank undertake conveyancing via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Westhoughton. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.