We are about to exchange contracts for a freehold house in Borrowash. We encountered a stumbling block. Our mortgage offer with Accord Mortgages Ltd runs out on 25/7/2025 but the sellers are insisting on a completion date of 29/7/2025. Is it possible to prolong the mortgage offer?
The person best placed to deal with your question is your solicitors who will calculate whether he or she is better off negotiating with the bank, vendor’s lawyers, property agents or conceivably all parties given the history of your transaction as of today.
I purchased a freehold property in Borrowash but still charged rent, why is this and what is this?
It’s unusual for properties in Borrowash and has limited impact for conveyancing in Borrowash but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
Can you point me to a directory of Principality panel conveyancers in Borrowash on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of banks make their panel listings available over the internet. Where you are looking for a Borrowash conveyancer on the Principality please use our tool.
I'm spending time viewing apartments in Borrowash and I am now considering a potential offer. Is it sensible to have my solicitor on ‘stand by’? I am planning to take a home loan with Skipton.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. Given that you are obtaining a mortgage with Skipton, make sure you remember to check that your lawyer is on the Skipton conveyancing panel.
My offer was accepted on an apartment in Borrowash on 15/4/2025, valuation was booked 3 days later, all came back fine. Solicitor appointed, so all that was missing was my mortgage offer. Having made daily calls to Lloyds and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Lloyds conveyancing panel. Are Lloyds entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
I need to instruct a conveyancing solicitor in Borrowash for my purchase. Can I check a firm’s record with the profession’s regulator?
Anyone can review published Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training purposes.
What advice can you give us when it comes to finding a Borrowash conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Borrowash conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Borrowash conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
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Can they put you in touch with clients in Borrowash who can give a testimonial? If they are not ALEP accredited then what is the reason?
I am the registered owner of a garden flat in Borrowash, conveyancing was carried out October 1997. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Borrowash with over 90 years remaining are worth £227,000. The ground rent is £50 charged once a year. The lease finishes on 21st October 2097
With only 72 years remaining on your lease the likely cost is going to range between £9,500 and £11,000 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.
I have read on numerous online forums that before selecting a conveyancing lawyer they need approved by your mortgage company. This is my first house move but I have an AIP from Virgin Money and I already have a high street conveyancing solicitor in Borrowash in place. Does Santander need an approved solicitor to be instructed? Does a list of panel solicitors even exist for my conveyancing in Borrowash?
You should instruct a solicitor that is on the Santander panel. Just ring your preferred Borrowash conveyancing lawyer to check if they are on the Santander panel. If they are not on the panel you have a couple of choices available to you here:
- Complete the deal with your chosen Borrowash lawyer but Santander will undoubtedly retain a conveyancing practitioner on their approved list. This will result in additional cost together with potential delay.
- Appoint a new conveyancer to act in the purchase, ensuring that they are on the Santander conveyancing panel.
- Convince your conveyancer to pull out all the stops to get accepted on the Santander conveyancing panel.