We were just about to sign contracts for a freehold house in Alvechurch. We have hit a stumbling block. The mortgage offer with Barclays expires on 30/3/2026 but the owners are insisting on a completion date of 1/4/2026. Can one extend the mortgage expiry date?
The best person to address this question is your conveyancer who will calculate if he or she is corresponding with the lender, vendor’s lawyers, property agents or conceivably all parties given what has happend in your house move as of today.
we are a couple who intend to purchase a newly converted apartment in Alvechurch with a residential mortgage from Platform Home Loans Ltd.We like our Alvechurch conveyancing lawyer but Platform Home Loans Ltd informed us her practice is not listed on their "panel". It seems we have little choice but to instruct a Platform Home Loans Ltd panel solicitor or retain our high street solicitor and pay for one of their panel ones to act for them. We feel as though this is unjust; Can we not simply insist that Platform Home Loans Ltd use our lawyer?
Unfortunately,no. The home loan offered to you contains terms and conditions, a common one being that lawyers will be on the Platform Home Loans Ltd solicitor panel. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Platform Home Loans Ltd
Are there restrictive covenants that are commonly identified as part of conveyancing in Alvechurch?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Alvechurch. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Alvechurch is where the house is located. What do you suggest?
Flying freeholds in Alvechurch are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Alvechurch you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Alvechurch may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My father has suggested that I instruct his conveyancers in Alvechurch. Do I follow his recommendation?
Much as we are happy to recommend a Alvechurch conveyancing lawyer it’s preferable to find a conveyancing lawyer is to have recommendations from friends or relatives who have previously instructed the conveyancer you're contemplating using.
I have just started marketing my 2 bed apartment in Alvechurch. Conveyancing lawyers have not yet been instructed, but I have just received a half-yearly maintenance charge demand – Do I pay up?
It best that you clear the service charge as usual because all ground rent and service invoices should be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Alvechurch Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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Plenty Alvechurch leasehold apartments will have a service charge for maintenance of the building set on behalf of the landlord. Should you buy the property you will have to pay this contribution, usually quarterly accross the year. This can be anything from a couple of hundred pounds to thousands of pounds for bigger purpose-built blocks. In all probability there will be a rentcharge to be met yearly, this is usually not a exorbitant sum, say approximately £50-£100 but you need to enquire as occasionally it can be prohibitively expensive. How many years remain on the lease? The best form of lease arrangement is if the freehold title is in the ownership of the leaseholders. In this scenario the tenants benefit from being in charge if their destiny and even though a managing agent is frequently employed if it is larger than a house conversion, the managing agent is directed by the tenants.