We were just about to sign contracts for a semi detached house in Shenstone. We have hit a stumbling block. The loan offer with TSB runs out on 31/7/2026 but the owners are putting forward a completion date of 4/8/2026. Can one prolong the mortgage expiry date?
The person best placed to address this concern is your solicitors who is in a position to assess whether he or she is better off negotiating with the mortgage company, owner’s solicitors, estate agents or possibly all parties given the history of your conveyancing to date.
My Solicitor in Shenstone has never been on on the Alliance & Leicester Solicitor Panel. Is it possible for me to continue with my prefered solicitor even though they are not on the Alliance & Leicester list of approved lawyers?
Your options are as follows:
- Carry on with your preferred Shenstone lawyers but Alliance & Leicester will need to instruct a solicitor on their list of acceptable firms. This will result in additional total legal charges and result in frustration.
- Choose an alternative lawyer to act in the purchase, not forgetting to check they are on the Alliance & Leicester panel
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one near me in Shenstone I like with a park and railway links nearby, however it only has 52 years unexpired on the lease. There is not much else in Shenstone in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage that many years may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you can 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 concerning this matter.
Hoping to buy a property located in Shenstone and I am already nervous. I couldn't find anything specific about Shenstone. Conveyancing will be needed in due course but do you know about the Shenstone area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Shenstone. In the meantime here are some basic statistics that we found
I need to retain a conveyancing solicitor for leasehold conveyancing in Shenstone. I have chance upon a site which appears to be the perfect answer If it is possible to get all the legals completed via phone that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I've found a house that seems to be perfect, at a reasonable figure which is making it more attractive. I have since discovered that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Shenstone. Conveyancing solicitors have are soon to be appointed. Will my lawyers set out the risks of buying a leasehold house in Shenstone ?
The majority of houses in Shenstone are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area can assist with the conveyancing process. it is apparent that you are buying in Shenstone so you should seriously consider looking for a Shenstone conveyancing practitioner and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as requiring the landlord’sconsent to carry out alterations. You may also be required to pay a service charge towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer will appraise you on the various issues.