We were just about to sign contracts for a leasehold flat in Lees. We have hit a stumbling block. The loan offer with Leeds Building Society runs out on 13/3/2026 but the owners are putting forward a completion date of 17/3/2026. Is it possible to prolong the mortgage offer?
The person best placed to deal with your question is your lawyer who is in a position to calculate whether he or she is corresponding with the bank, seller’s lawyers, estate agents or indeed all parties taking into account the history of your house move as of today.
What does my ID and proof of funds have anything to do with my conveyancing in Lees? Is this really warranted?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the identity of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Terms of Engagement that you are required to sign should reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you are unwilling to supply identification documents, your lawyer will not be able to take you on as a client.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one near me in Lees I like with a park and transport links nearby, however it's only got 52 remaining years left on the lease. I can't really find anything else in Lees suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage that many years will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
In my capacity as executor for the will of my grandmother I am disposing of a house in Monmouth but I am based in Lees. My conveyancer (based 300 kilometers awayneeds me to execute a stat dec prior to the transaction finalising. Could you suggest a conveyancing lawyer in Lees who can attest this legal document for me?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are located in Lees
Completion is due on our sale of a £450,000 apartment in Lees in just under a week. The landlords agents has quoted £348 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Lees?
Lees conveyancing on leasehold flats normally necessitates fees being levied by managing agents :
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Addressing pre-contract questions
Where consent is required before sale in Lees
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I own a basement flat in Lees, conveyancing formalities finalised April 1999. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Lees with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 per annum. The lease ceases on 21st October 2096
You have 70 years left to run we estimate the premium for your lease extension to be between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.