We are a couple about to sign contracts for a freehold house in Hanham. We have hit a problem. The mortgage offer with Leeds Building Society expires on 20/12/2021 but the vendors are putting forward a completion date of 22/12/2021. Is it possible to prolong the loan expiry date?
The best person to address this issue is your lawyer who is in a position to calculate if they should be discussing with the mortgage company, seller’s solicitors, estate agents or possibly all parties given what has gone on in your transaction to date.
We hope to to buy with Darlington Building Society. I went into a few local practices but am unable to find a Hanham conveyancing firm on the Darlington Building Society approved list. Please you assist?
Please do make the most of the search tool on this site. Pick the mortgage company and type Hanham or your preferred area and you will see numerous conveyancers based in Hanham or by proximity to you.
We are getting a further advance on our home loan from Lloyds as we want to carry out renovations to our home in Hanham. Are we obliged to choose a local Hanham solicitor on the Lloyds conveyancing panel to deal with the legals?
Lloyds do not ordinarily appoint a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds conveyancing panel.
We were going to get a DIP from Principality this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Principality recommend any Hanham solicitors on the Principality conveyancing panel, or is it better to go independently?
You will need to appoint Hanham solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
I was told two weeks ago that my mortgage has been agreed to by Skipton. Is it usual for Skipton to only issue the offer once my solicitor in Hanham is approved on their conveyancing panel? Skipton have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Skipton to deal with your lawyer's application to be on the Skipton conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have todaybecome aware that Stirling Law have been shut down. They carried out my conveyancing in Hanham for a purchase of a leasehold flat 10 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The easiest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Hanham conveyancing specialists.
I am downsizing from my home. My former lawyers have shut. I am in need of a recommendation of a conveyancing firm. Im based in Hanham if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in Hanham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I am tempted by the attractive purchase price for a couple of apartments in Hanham both have about fifty years left on the lease term. Will this present a problem?
A lease is a right to use the premises for a prescribed time frame. As a lease shortens the saleability of the lease reduces and it becomes more expensive to acquire a lease extension. This is why it is advisable to increase the term of the lease. It is often difficult to sell a property with a short lease as mortgage companies may be reluctant to lend money on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this arena.
I bought a 1st floor flat in Hanham, conveyancing was carried out in 1999. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Hanham with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease expires on 21st October 2084
With only 63 years remaining on your lease the likely cost is going to range between £16,200 and £18,600 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply 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 other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.