Should conveyancers ask for an advanced payment for conveyancing in Waolstenholme?
Where you are retaining lawyers for conveyancing in Waolstenholme your solicitor will ask you place them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the purchase price then this should be required shortly prior to contracts are exchanged. Any further balance that is needed should be sent to your lawyer shortly before completion.
About to place an offer on a leasehold flat in Waolstenholme. The selling agents advise that it is normal for flats in Waolstenholme to have less than 75 years unexpired on the lease. I am expecting a loan with Tesco Bank. Is this going to be acceptable if the lease has 69 years unexpired.
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. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 15/11/2025 the requirements read as follows :
I'm buying a new build house in Waolstenholme with a mortgage from Godiva Mortgages Ltd. The developers would not move on the amount so I negotiated £7000 of additionals instead. The house builders rep told me not inform my solicitor about this extras as it may put at risk my loan with Godiva Mortgages Ltd. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
As co-executor for the will of my grandfather I am disposing of a house in Neath but live in Waolstenholme. My solicitor (who is 235 miles awayrequires that I sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Waolstenholme to witness this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are Waolstenholme based
Do you have any advice for leasehold conveyancing in Waolstenholme with the intention of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Waolstenholme can be avoided where you appoint lawyers the minute you market your property and ask them to put together the leasehold documentation needed by the purchasers’ solicitors. If there is a history of any disputes with your freeholder or managing agents it is very important that these are resolved before the property is marketed. The buyers and their solicitors will be warry about purchasing a property where there is a current dispute. You will have to accept that you will have to discharge 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 will still have to reveal details of the dispute to the buyers, but it is better to present the dispute as over rather than unsettled. If you are supposed to have a share in the Management Company, you should make sure that you have the original share certificate. Organising a re-issued share certificate can be a lengthy process and slows down many a Waolstenholme conveyancing transaction. If a new share is necessary, do contact the company officers or managing agents (where applicable) for this sooner rather than later. The majority of freeholders or managing agents in Waolstenholme charge for supplying management packs for a leasehold premises. You or your lawyers should discover the actual amount of the charges. The management information sought on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Waolstenholme.
I own a split level flat in Waolstenholme, conveyancing formalities finalised March 2011. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Waolstenholme with over 90 years remaining are worth £260,000. The ground rent is £50 per annum. The lease expires on 21st October 2100
With only 75 years left to run the likely cost is going to span 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 extending a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
Should I cancel the direct debit for my mortgage with Bank of Ireland as soon as a completion date for my home sale in Waolstenholme has been set?
No, you must continue paying any mortgage sums to Bank of Ireland pending the mortgage being repaid out of the proceeds of sale as part of your Waolstenholme conveyancing.