We were just about to exchange contracts for a garden flat in Frodsham. We encountered a snag. The loan offer with Accord Mortgages Ltd runs out on 13/6/2025 but the sellers are putting forward a completion date of 17/6/2025. Is it possible to prolong the mortgage expiry date?
The person best placed to address this issue is your solicitors who will calculate whether he or she is corresponding with the mortgage broker, owner’s conveyancers, estate agents or conceivably all three given the circumstances your house move as of today.
I purchased a freehold premises in Frodsham but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Frodsham and has limited impact for conveyancing in Frodsham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
What does a local search inform me about the property I am buying in Frodsham?
Frodsham conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for instance Searchflow The local search plays a central role in most Frodsham conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your new home. The search should supply information on, amongst other things, details on planning applications relevant to the premises (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 13 subject headings.
How straightforward is it to use your search facility to locate a conveyancing practitioner in Frodsham on the authorised to act for my lender?
First choose a lender such as National Westminster Bank, Skipton Building Society or Bank of Ireland then choose your preferred area for example Frodsham. Conveyancing practices in Frodsham and across England and Wales should be identified.
I’m about to sell my 2 bed flat in Frodsham. Conveyancing is yet to be initiated, however I have just had a yearly maintenance charge invoice – what should I do?
The sensible thing to do is pay the maintenance contribution as you normally would given that all ground rent and service charges should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies 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.
I acquired a 2 bed flat in Frodsham, conveyancing having been completed 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? Corresponding properties in Frodsham with an extended lease are worth £265,000. The ground rent is £50 levied per year. The lease runs out on 21st October 2100
With just 75 years remaining on your lease we estimate the premium for your lease extension to span between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures 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. Neither should you move forward based on this information without first getting professional advice.
My husband and I are selling a Frodsham flat we inherited six years ago in 2012. I have over a decades worth of conveyancing knowledge and, now retired, wish to carry out my own legal work. The purchaser's solicitor has informed me that their building society will not allow you to do your own conveyancing requiring the funds to be transferred to a solicitor's bank account.
Mortgage requirements to conveyancing practitioners from all mainstream lenders state that If the vendor does not have legal representation the borrower's lawyers should check whether the bank needs to be notified so that a decision can be reached as to whether or not they are prepared to proceed.