We were just about to sign contracts for a freehold house in Highbury. We have hit a problem. Our loan offer with Birmingham Midshires expires on 17/11/2025 but the owners are suggesting a completion date of 19/11/2025. Can one prolong the loan offer?
The best person to deal with your question is your conveyancer who should calculate whether they corresponding with the mortgage broker, seller’s conveyancers, property agents or possibly all three taking into account what has gone on in your conveyancing as of today.
We see that you have a search directory identifying law firms on the UBS conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Highbury?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Highbury.
I am purchasing a new build flat in Highbury. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Highbury you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Highbury.
I have been on the look out for a leasehold apartment up to £235,500 and found one near me in Highbury I like with a park and transport links nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Highbury in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term will be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
I'm remortgaging my current property to a BTL loan with HSBC Bank and I will use the ballance of the raised equity as a deposit on another house. The area we are talking about is Highbury. Will your conveyancers be able to act for the two lenders and link together the conveyances?
Make use of our search tool on this page to check that the solicitors are on the appropriate lender panels. Assuming that they are the conveyancer will be able to connect the two transactions but you should talk with you lawyer and make apparent your expectations and requirements.
My father-in-law has suggested that I instruct his conveyancers in Highbury. Do I follow his guidance?
No doubt the best way to choose a conveyancing solicitor is to have recommendations from friends or family who have used the firm you're contemplating using.