We are about to exchange contracts for a garden flat in Uppingham. We have hit a snag. Our mortgage offer with Yorkshire Building Society expires on 3/9/2026 but the sellers are insisting on a completion date of 7/9/2026. Can one extend the mortgage offer?
The person best placed to deal with your issue is your solicitors who is in a position to assess if they should be discussing with the mortgage company, owner’s representatives, selling agents or indeed all parties based on the history of your house move as of today.
It is is a decade since I purchased my home in Uppingham. Conveyancing solicitors have now been instructed on the sale but I can't locate my deeds. Will this jeopardise the sale?
You need not be too concerned. First there is a possibility that the deeds will be retained by the mortgage company or they could be in the possession of the conveyancers who handled your purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring current official copies of the land registers. Nearly all conveyancing in Uppingham involves registered property but in the unlikely event that your home is unregistered it adds to the complexity but is resolvable.
My brother-in-law has suggested I instruct a conveyancing solicitor in Uppingham. I need to find out if they are on the Birmingham Midshires conveyancing panel. Could you help?
The first thing to do is contact the solicitor and ask them if they can act for the lender. Otherwise you can get in touch with Birmingham Midshires who may be able to confirm.
We are selling our property in Uppingham and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A high street Uppingham lawyer would know that there is no such problem. For the life of me I don't know why the buyers instructed a national conveyancing firm rather than a conveyancing solicitor in Uppingham. We have lived in Uppingham for 4 years we know that this is a non issue. Do we get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You should 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)
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one close by in Uppingham I like with a park and transport links in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Uppingham in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can request that they 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 consult your conveyancing solicitor about this matter.
Do you have any top tips for leasehold conveyancing in Uppingham from the point of view of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Uppingham can be bypassed if you instruct lawyers the minute you market your property and ask them to collate the leasehold documentation which will be required by the purchasers’ lawyers. You believe that you know the number of years remaining on your lease but you should double-check by asking your solicitors. A buyer’s conveyancer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the remaining number of years is under 80 years. It is therefore important at an as soon as possible that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. If you have had conflict with your freeholder or managing agents it is very important that these are resolved prior to the flat being put on the market. The purchasers and their solicitors will be reluctant to purchase a flat where a dispute is unresolved. You will have to accept that you will have to pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is better to present the dispute as over as opposed to unsettled. If you hold a share in a the freehold, you should make sure that you hold the original share certificate. Organising a duplicate share certificate can be a lengthy formality and slows down many a Uppingham home move. If a new share is required, you should approach the company officers or managing agents (if applicable) for this at the earliest opportunity. If you have carried out any alterations to the premises would they have required Landlord’s approval? Have you, for example installed wooden flooring? Most leases in Uppingham state that internal structural alterations or laying down wooden flooring require a licence issued by the Landlord approving such works. Should you dont have the consents to hand you should not contact the landlord without checking with your conveyancer in advance.
I purchased a split level flat in Uppingham, conveyancing formalities finalised in 1995. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Uppingham with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 yearly. The lease runs out on 21st October 2096
With 70 years left to run the likely cost is going to span between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.