We are a couple about to exchange contracts for a freehold house in Radford. We have hit a stumbling block. The loan offer with Accord Mortgages Ltd runs out on 7/7/2025 but the vendors are suggesting a completion date of 9/7/2025. Is it possible to extend the loan offer?
The person best placed to deal with your concern is your lawyer who will hopefully calculate whether he or she is should be discussing with the bank, vendor’s representatives, property agents or conceivably all parties based on what has happend in your conveyancing to date.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Radford. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 7/5/2025, the requirements read as follows :
We have a mortgage agreed in principle with HSBC. Radford conveyancing lawyers were chosen. How long does it take for HSBC to forward the offer to the lawyer?
Some lenders take longer than others. Have HSBC done the survey? Have you informed HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have today made my last payment due on my mortgage with HSBC. I assume I don't need a Radford property lawyer on the HSBC panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your HSBC 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 HSBC mortgage from the register. HSBC, 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 HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
I am selling my flat. I had a double glazing fitted in July 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Barclays are being problematic. The Radford solicitor who is on the Barclays conveyancing panel is saying indemnity insurance will be fine but Barclays are requiring a building regulation certificate. Why do Barclays have a conveyancing panel if they don't accept advice from them?
It is probably the case that Barclays have referred the matter to their valuer. The reason why Barclays may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have been on the look out for a flat up to £305k and found one close by in Radford I like with a park and railway links in the vicinity, however it's only got 49 remaining years left on the lease. I can't really find anything else in Radford suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage that many years may be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises 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 term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
I am downsizing from my house. My previous lawyers has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Radford if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Radford. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
I am tempted by the attractive purchase price for a two apartments in Radford both have in the region of 50 years left on the leases. Will this present a problem?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease shortens the value of the lease decreases and it becomes more costly to acquire a lease extension. For this reason it is often a good idea to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this arena.
Leasehold Conveyancing in Radford - Sample of Queries before buying
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Are there any major works on the horizon that will increase the service costs? Is the freehold reversion owned collectively by the leaseholders?