We are about to sign contracts for a leasehold flat in Cudworth. We encountered a snag. The mortgage offer with Britannia expires on 19/1/2026 but the owners are putting forward a completion date of 21/1/2026. Can one prolong the mortgage offer?
The best person to deal with your issue is your lawyer who will hopefully assess if he or she is corresponding with the bank, vendor’s conveyancers, estate agents or indeed all parties taking into account the circumstances your transaction as of today.
I have been told by my solicitor that missing deeds insurance is needed on my purchase. What is the level of cover for Cudworth conveyancing?
The right level of missing deeds indemnity insurance depends on your lender. It would differ for example between Santander and The Mortgage Works. Conveyancing lawyers as opposed to members of the public take out such insurances.
When it comes to mortgage companies such as Aldermore, do Cudworth conveyancing practitioners face a yearly amount to be on the list of approved solicitors?
We are unaware of any lender fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
Is there a list of TSB panel solicitors in Cudworth on the Building Society Association’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings available over the internet. If you are looking for a Cudworth solicitor on the TSB please use our facility.
About to purchase a new build flat in Cudworth. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Cudworth
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are surveyor prepared. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Due to the advice of my in-laws I had a survey completed on a house in Cudworth ahead of instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some banks will refuse to grant a mortgage on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Cudworth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cudworth to see if the conveyancing costs will increase in light of this.
My partner has urged me to appoint his lawyers for conveyancing in Cudworth. Do I follow his advice?
There are no two ways about it the best way to select a conveyancing lawyer is to seek recommendations from friends or relatives who have experience in using the firm that you are contemplating using.
Back In 2001, I bought a leasehold flat in Cudworth. Conveyancing and Clydesdale mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Cudworth who previously acted has now retired. What should I do?
The first thing you should do is contact the Land Registry to be sure that this person is indeed the new freeholder. It is not necessary to instruct a Cudworth conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I bought a ground floor flat in Cudworth, conveyancing formalities finalised 8 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Cudworth with an extended lease are worth £180,000. The ground rent is £65 invoiced annually. The lease finishes on 21st October 2084
With just 59 years remaining on your lease the likely cost is going to span between £20,900 and £24,200 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply 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 may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.