Problem Property
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Checklist for Registering a Lease Extension: Avoiding HM Land Registry Requisitions
Extending a short lease (under 85 years) is crucial for maintaining property value and securing mortgages. After negotiating, challenges may arise at HM Land Registry, causing delays and increased costs. A checklist covering pre-submission checks, document requirements, common requisition prevention, and post-registration verification can streamline the application process successfully.
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Building Society Panel on Notice of Tighter Minimum Lease Terms
Historical note: This article records a change to Tipton and Coseley Building Society’s mortgage instructions at the time of the original publication. It should not be treated as a statement of the Society’s current lending criteria. Conveyancers should check the current lender instructions before acting. The trend for lenders to take a more cautious approach…