We were just about to exchange contracts for a leasehold flat in Bedmond. We have hit a stumbling block. Our loan offer with Birmingham Midshires expires on 3/3/2026 but the owners are insisting on a completion date of 5/3/2026. Is it possible to extend the mortgage offer?
The person best placed to address this concern is your solicitors who will hopefully calculate whether they corresponding with the mortgage broker, seller’s conveyancers, property agents or indeed all three given what has gone on in your transaction to date.
Can I use your services to recommend a Conveyancing solicitor in Bedmond even where I’m not purchasing or selling a house, for instance where I intend to buy an office in Bedmond with a mortgage from Barnsley Building Society?
The service is predominantly there to help choose residential conveyancing solicitors in Bedmond but we have listed towards the bottom of this page a few Bedmond commercial conveyancing firms. You should enquire with the solicitors directly to establish if they are also authorised to represent Barnsley Building Society
I am buying a new build flat in Bedmond. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Bedmond you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Bedmond.
How does conveyancing in Bedmond differ for newly converted properties?
Most buyers of new build residence in Bedmond approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because builders in Bedmond typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Bedmond or who has acted in the same development.
I am 3 weeks into a freehold purchase having been recommend to conveyancers by the selling agent to handle our conveyancing in Bedmond. I am am starting to be disappointed with the level of service. Can you you assist me in finding new conveyancers?
They would have to be very poor to suggest changing them. Has the loan offer been sent? If so you must advise them of the new contact details and ensure the loan are issued to the new lawyers. The conveyancer should be on the banks panel to avoid added costs and delays. So that should be your first question of the new conveyancers. Our find a solicitor tool will assist you in finding a bank approved conveyancer for your conveyancing in Bedmond
Having checked my lease I have discovered that there are only 72 years remaining on my lease in Bedmond. I now want to extend my lease but my landlord is absent. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to prove that you have made all reasonable attempts to find the lessor. In some cases a specialist should be useful to carry out a search and to produce an expert document which can be used as evidence that the landlord is indeed missing. It is advisable to get professional help from a conveyancer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Bedmond.
I inherited a 2 bed flat in Bedmond, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Bedmond with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ends on 21st October 2078
With 53 years unexpired the likely cost is going to span between £27,600 and £31,800 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.