I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Halifax bank branch on various occasions and was informed it wasn't an issue and they will lend. My Halifax conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their specific requirements. I simply don't know who is right.
The property lawyer has to comply with the CML Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the bank 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 remaining.
Intending to buy a apartment in Halifax. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Halifax lawyer is on the Co-operative conveyancing panel.
I had an offer accepted on a house in Halifax on 22/7/2020, valuation was booked five days later, all came back fine. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to Barclays and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Barclays conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Barclays to deal with your lawyer's application to be on the Barclays conveyancing panel. There's no guarantee that your solicitor will be accepted.
My colleague suggested that if I am buying in Halifax I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Halifax conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Halifax around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Halifax Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Halifax.
I decided to have a survey done on a property in Halifax before appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some lenders will refuse to issue a loan on this type of home.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Halifax. Conveyancing will be smoother if you use a solicitor in Halifax especially if they regularly deal with such properties in Halifax.
How straightforward is it to use your search app to select a conveyancing practitioner in Halifax on the panel for my mortgage?
Step one is to pick a mortgage company such as Accord Mortgages Ltd, Chelsea Building Society or Platform Home Loans Ltd then type in your preferred area e.g. Halifax. Conveyancing practices in Halifax and further afield should be identified.
My wife and I purchased a leasehold house in Halifax. Conveyancing and Santander 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 1995. The conveyancing solicitor in Halifax who acted for me is not around. What should I do?
First contact the Land Registry to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Halifax conveyancing lawyer to do this as it can be done on-line for less than a fiver. 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 purchased a 1 bedroom flat in Halifax, conveyancing having been completed 5 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Halifax with an extended lease are worth £202,000. The average or mid-range amount of ground rent is £60 invoiced annually. The lease ceases on 21st October 2077
With only 57 years remaining on your lease the likely cost is going to be between £28,500 and £33,000 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 detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to 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.
Is planning consent necessary to change a single dwelling into a couple of appartments in Halifax? This has taken place to a property next door to my home in Halifax and was ignorant of the conversion until it was complete.
Planning Permission yes. Building Regulations yes.