I have 71 years remaining on my lease and require a lease extension for my flat in Llanymynech. Conveyancing solicitors on the Bank of Ireland panel can deal with such extensions correct?

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 8/9/2025 the requirements read as follows :

I have justbeen informed that Arc property Solicitors have been shut down. They conducted my conveyancing in Llanymynech for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is not still registered in the name of the previous owner?

The quickest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Llanymynech conveyancing specialists.

I have been on the look out for a flat up to £235,500 and identified one near me in Llanymynech I like with open areas and railway links in the vicinity, however it only has 51 years unexpired on the lease. There is not much else in Llanymynech in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?

If you need a mortgage the remaining unexpired lease term may be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.

Given that I am about to part with £400,000 on a house in Llanymynech I wish to have a conversation with the solicitor about myconveyancing prior to appointing the firm. Is this something that you can arrange?

Absolutely - we would be delighted to talk to you we do not take any clients on without you first talking to the conveyancer due to be doing your property ownership legalities in Llanymynech.There is no ‘factory style conveyancing’ - every client is an important individual, not a file number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Llanymynech should be the amount on the final invoice that you are charged.

I work for a long established estate agency in Llanymynech where we have experienced a few flat sales derailed as a result of short leases. I have received contradictory information from local Llanymynech conveyancing firms. Could you shed some light as to whether the seller of a flat can start the lease extension formalities for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Llanymynech Conveyancing for Leasehold Flats - Examples of Questions you should consider before buying

How is the lease structured? It would be a good idea to enquire if there is anything that is prohibited in the lease. For example it is reasonably common in Llanymynech leases that pets are not allowed in in a block in Llanymynech. If you love the flatin Llanymynech yet your dog is not allowed to move with you then you will be presented with a hard determination. The answer will be helpful as a) areas may result in problems for the building as the communal areas may begin to deteriorate where maintenance are not paid for b) if the leasehold owners have a dispute with the managing agents you will need to have full disclosure