We were just about to exchange contracts for a garden flat in Highgate. We have hit a stumbling block. The loan offer with Coventry Building Society runs out on 13/11/2025 but the owners are putting forward a completion date of 17/11/2025. Is it possible to prolong the loan expiry date?
The person best placed to deal with your issue is your conveyancer who will hopefully calculate whether they better off negotiating with the mortgage broker, seller’s lawyers, selling agents or conceivably all parties based on the circumstances your conveyancing as of today.
My partner and I are close to exchanging contracts on the sale of our home in Highgate and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. A local lawyer would know this is not the case. For the life of me I don't know why the buyers are using a web based conveyancing outfit rather than a conveyancing solicitor in Highgate. We have lived in Highgate for many years we know that this is a non issue. Is it a good idea to contact our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who did the conveyancing in Highgate 5 years ago are no longer around. What do I do?
These day there are copies made of almost everything, and your solicitor will be aware precisely where to locate all the suitable paperwork so you can purchase or sell your house without a hitch. Where duplicates are not available, your conveyancer can arrange cover in the form of insurance or indemnities protecting you against future claims on your premises.
I am looking for a leasehold apartment up to £195,000 and found one close by in Highgate I like with open areas and station nearby, however it's only got 61 remaining years left on the lease. There is not much else in Highgate in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage that many years will likely be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
How simple is it to switch conveyancer as I have to choose a firm on the Birmingham Midshires conveyancing list. I hired a local conveyancing solicitor in Highgate five minutes from me but he is not accepted by Birmingham Midshires
We will our best to assist in finding you a conveyancing solicitor in Highgate on the Birmingham Midshires panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Highgate. In utilising the find a conveyancing solicitor tool on this website, you can scrutinise charges for conveyancing solicitors in Highgate and beyond.
I am attracted to a two flats in Highgate which have in the region of 50 years unexpired on the leases. Do I need to be concerned?
A lease is a legal document that entitles you to use the property for a period of time. As a lease gets shorter the saleability of the lease deteriorates and it becomes more costly to acquire a lease extension. For this reason it is generally wise to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this arena.
I have had difficulty in trying to purchase the freehold in Highgate. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a absentee landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the amount due.
An example of a Lease Extension decision for a Highgate property is Flat 2A 19 Shepherds Hill in June 2014. The tribunal concluded in accordance with section 48 and schedule 13 of the Leasehold Reform,Housing and Urban Development Act (the 1993 Act) that the premium payable in respect of the grant of a new lease for the Flat be £24,303 (twenty four thousand three hundred and three pounds) This case was in relation to 1 flat. The unexpired term was 67.85 years.