About to place an offer on a leasehold property in Heathfield. The property agents say that it is standard for flats in Heathfield to have less than 75 years remaining. I am getting a loan with Tesco Bank. Is this going to be acceptable if the lease has Seventy One years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining 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 19/1/2026 the requirements read as follows :
It is unclear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Heathfield bank branch on various occasions and was advised it wasn't an issue and they will lend. My Heathfield conveyancing solicitor - who is on the bank conveyancing panel- called and was told they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
The solicitor must follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
About to purchase maisonette in Heathfield. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bank of Ireland conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Heathfield conveyancing practitioner is on the Bank of Ireland conveyancing panel.
RBS have agreed my home loan in principle, my bid on a flat in Heathfield has been accepted, now what?
The estate agent will wish to know who your solicitors are (ensure that the property lawyers are on the lender’s panel). Call up RBS or the broker and finalise any appropriate documentation. RBS will instruct a valuer who will get in touch with the estate agent or vendor to book an appointment. Once conducted (assuming no problems) it takes approximately a week to get a mortgage offer. RBS will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Heathfield.
My company is intending to take over a lease of a shop on a shopping parade. Can you recommend lawyers offering no-sale-no fees for non-domestic conveyancing in Heathfield for below £2000?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Heathfield, including the sale and purchase of businesses as well as simply premises. Whether you are looking to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right lawyer. As for the costs these will vary based on the structure and terms of the deal. Let us have your details or email us so that we can provide you with a fixed commercial conveyancing calculation.
I need to retain a conveyancing solicitor for remortgage conveyancing in Heathfield. I happened to discover a web site which looks to be the perfect solution If there is a chance to get all the legals done via phone that would be ideal. Do I need to be wary? What should out be looking out for?
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?
I am buying a ground floor apartment in Heathfield. Conveyancing lawyer is awaiting, from the seller, building insurance schedule. Earlier today I was advised that the seller must send the insurance paperwork for the flat above also. Why would my conveyancing practitioner need to check the insurance for the flat above? Is it really required? We have been stalled for the previous 2 weeks…
It is not unheard of in leasehold conveyancing in Heathfield to find Conveyancing in Heathfield in a minority of cases reveals that the lease obliges the leasehold owners to insure their individual flats rather than the freeholder insuring the entire block - which is definitely preferable. Do check with your solicitor but it would appear that your conveyancer is looking to verify that the complete building is insured. Insuring your residence is no help when it comes to rebuilding after a fire if the other flat cannot be reinstated for lack of insurance cover.