I have given 8 weeks notice to my existing landlord and have to vacate my let out flat in Borth by the end of next month. Conveyancing on my purchase is progressing. Can I complete in six weeks as I wish to avoid having to find short term accommodation?
The normal practice is not to serve notice on a rental until you have exchanged. Assuming that you have not previously done so, update to your lawyer and ask them to they cajole the sellers solicitors, try to get a realistic time scale from them that everyone will aim towards
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Borth. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 3/5/2026, the requirements read as follows :
I am the single recipient of my late grandmother’s will with all property in now in my sole name, including the house in Borth. Conveyancing formalities meant that the Land Registry date was in April. I plan to dispose of the house. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship could be regarded the same way as though I had purchased the house in April. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. many banks would take a practical view as this clause is principally there to capture subsales or the flipping of property.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Borth building society branch on a couple of occasions and was reassured it wasn't a problem and they would lend. My Borth conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they refuse to lend in accordance with their published requirements. I simply don't know who is right.
Your solicitor has to comply with the Council of Mortgage Lenders’ Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Yorkshire BS have agreed my mortgage in principle, my bid on a property in Borth has been accepted, what are the next steps?
The estate agent will wish to know who your solicitors are (be sure the solicitors are on the bank’s approved list). Contact Yorkshire BS or the financial adviser and complete any appropriate paperwork. Yorkshire BS will appoint a valuer who will get in contact with the selling agent or owners to arrange an appointment. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. Yorkshire BS will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Borth.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one close by in Borth I like with a park and railway links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Borth suitable, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan that many years will be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
I have been advised by numerous property agents in Borth to select a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to market your services ahead of another?
We refuse to make any commission for directing people in our direction. We found it would be just too difficult a fee as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
My husband and I are selling a Borth flat left to us six years ago in 2009. I have over a decades worth of conveyancing knowledge and, now retired, intend to conduct my own conveyancing. The buyer's conveyancer has informed me that their Lenders will not allow you to do your own conveyancing insisting the funds to be sent to a solicitor's bank account.
Lending requirements to conveyancing practitioners from all mainstream lenders specify that If the vendor does not have legal representation the buyer’s lawyers should check whether the lender needs to be informed so that a decision can be reached if they are prepared to proceed.