We are about to sign contracts for a semi detached house in Christchurch. We have hit a stumbling block. Our mortgage offer with The Mortgage Works expires on 26/11/2025 but the vendors are suggesting a completion date of 28/11/2025. Can one extend the mortgage expiry date?
The best person to deal with your issue is your solicitors who will hopefully calculate if he or she is corresponding with the mortgage company, seller’s lawyers, property agents or possibly all parties taking into account what has gone on in your conveyancing to date.
We hope to to purchase with Earl Shilton BS. I popped in a few high street firms yet cant to find a Christchurch conveyancing firm on the Earl Shilton BS panel. Could you help?
You should take advantage of the find a lender approved solicitor tool on this site. Please choose the building society and type Christchurch or your preferred area and you will discover numerous solicitors located in Christchurch or near you.
Can you help - my lawyer advises that lack of right of way insurance is required on my purchase. What is the level of cover for Christchurch conveyancing?
The right level of lack of right of way indemnity insurance should be dictated by who who your lender is. It would differ for example between Halifax and Barnsley Building Society. Conveyancing practitioners as opposed to borrowers take out such policies.
I'm spending time looking at apartments in Christchurch and I am about to put in an offer. Should I already have a conveyancer appointed at this point? I will be getting a home loan with RBS.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. As you are taking out a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
I can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Christchurch building society branch on various occasions and was told they are content with the situation and they will lend. My Christchurch conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend based on their published requirements. I simply don't know who is right.
Provided that the property lawyer is on the bank panel, she or he must follow the CML Handbook specifications for the bank. 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 bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
What will a local search inform me regarding the property I am purchasing in Christchurch?
Christchurch conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for instance Searchflow The local search is essential in every Christchurch conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search should provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Christchurch. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Christchurch
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I own a leasehold flat in Christchurch. Conveyancing and Bank of Scotland mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Christchurch who acted for me is not around. Do I pay?
The first thing you should do is contact HMLR to be sure that the individual purporting to own the freehold is indeed the new freeholder. There is no need to instruct a Christchurch conveyancing practitioner to do this as it can be done on-line for £3. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I invested in buying a 2 bed flat in Christchurch, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Christchurch with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease ends on 21st October 2094
With just 69 years left to run the likely cost is going to be between £9,500 and £11,000 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.