We were just about to sign contracts for a property in Honiton. We have hit a problem. Our mortgage offer with HSBC Bank runs out on 14/9/2026 but the vendors are insisting on a completion date of 16/9/2026. Can one extend the loan offer?
The person best placed to deal with your concern is your solicitors who will calculate if he or she is should be discussing with the lender, owner’s conveyancers, selling agents or indeed all parties given the circumstances your transaction as of today.
As I am unsure how the conveyancing bit works what is the most important piece of guidance you can impart about purchase conveyancing in Honiton?
Not many law firms shout this from the rooftops but conveyancing in Honiton or throughout England and Wales is an adversarial experience. In other words, when it comes to conveyancing there is an abundance of room for friction between you and other parties involved in the transaction. For example, the vendor, estate agent and even potentially the lender. Appointing a lawyer for your conveyancing in Honiton is a critical decision as your conveyancer is your adviser, and is the SOLE party in the legal process whose interest is to protect your best interests and to protect you.
We are witnessing a worrying increase of a "blame" culture- someone must be at fault for the process being so protracted. We recommend that you your first instinct should be to trust your conveyancer ahead of the other parties when it comes to the legal assignment of property.
I have 71 years left on my lease and require a lease extension for my apartment in Honiton. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 14/7/2026 the requirements read as follows :
I am purchasing a detached bungalow in Honiton. Our aim is to an extension at the rear at the property.Will legal due diligence on the property involve checks to ascertain if these alterations are prohibited?
Your solicitor should check the registered title as conveyancing in Honiton can on occasion reveal restrictions in the title documents which prohibit categories of alterations or require the consent of another owner. Certain extensions need local authority planning permissions and approval under the building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be prudent to check these things with a surveyor before you commit yourself to a purchase.
I have today made my last payment due on my mortgage with Barclays. I assume I don't need a Honiton lawyer on the Barclays panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
I was told four weeks ago that my mortgage has been agreed to by RBS. Is it usual for RBS to only issue the offer once my solicitor in Honiton is approved on their conveyancing panel? RBS have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Do I need to take out insurance to cover chancel repairs when buying a residence in Honiton?
Unless a previous acquisition of the property took place after 12 October 2013 you could expect conveyancing practitioners conducting conveyancing in Honiton to remain recommending a chancel search and or insurance against a claim.
Can you provide any advice for leasehold conveyancing in Honiton from the point of view of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Honiton can be reduced where you instruct lawyers as soon as your agents start advertising the property and ask them to put together the leasehold information needed by the purchasers’ representatives. If you have the benefit of shareholding in the freehold, you should ensure that you have the original share document. Organising a re-issued share certificate can be a lengthy process and frustrates many a Honiton conveyancing transaction. Where a duplicate share is required, you should approach the company director and secretary or managing agents (if relevant) for this sooner rather than later. If there is a history of any disputes with your landlord or managing agents it is very important that these are settled before the property is marketed. The purchasers and their solicitors will be reluctant to purchase a property where there is a current dispute. You may have to bite the bullet and discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is better to present the dispute as over rather than unresolved. Some Honiton leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors.
I invested in buying a 2 bed flat in Honiton, conveyancing formalities finalised in 2010. Can you work out an approximate cost of a lease extension? Similar properties in Honiton with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £45 per annum. The lease runs out on 21st October 2100
With just 74 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more comprehensive investigations. Do not use this information 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 placing reliance on this information before seeking the advice of a professional.