We were just about to sign contracts for a property in Box. We encountered a problem. The mortgage offer with Birmingham Midshires runs out on 12/11/2026 but the vendors are insisting on a completion date of 16/11/2026. Can one extend the loan offer?
The person best placed to address this question is your solicitors who is in a position to calculate whether they should be discussing with the bank, seller’s solicitors, property agents or indeed all three taking into account what has happend in your transaction as of today.
In what way does my ID and proof of funds have anything to do with my conveyancing in Box? What am I being asked for?
Box conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under Anti-terror and anti-money-laundering rules to verify the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement no more than three months).
Confirmation of the origin of monies is also required under the money laundering statutes as conveyancers have a duty to ensure that the money you are using to purchase a property (whether it be the deposit for exchange or the total purchase amount if you are a cash purchaser) has originated from an acceptable source (such as an inheritance) as opposed to the product of criminal activity.
My wife and I are buying a apartment in Box. I might seem paranoid but how we can trust a lawyer? On completion day we have to put funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am assisting my aunt sell her flat in Box. Will the conveyancing solicitor commission an energy performance certificate or should I organise this?
After the abolition of Home Information Packs, EPC’s was left as a required part of selling a house. An energy performance certificate needs to be to hand prior to the property being marketed. This is not something that conveyancers ordinarily organise. If you are instructing a Box conveyancing solicitor they might be able to arrange energy performance certificates given their contacts with long established local providers
My wife and I buying a victorian detached house in Box. We would like to carry out a loft conversion at the property.Will legal investigations on the property involve enquiries to see if these alterations are prohibited?
Your property lawyer will check the deeds as conveyancing in Box can sometimes identify restrictions in the title deeds which prohibit certain works or need the permission of another owner. Some extensions need local authority planning consent and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
Due to the advice of my in-laws I had a survey completed on a house in Box before appointing solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies may refuse to give a loan on this type of home.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Box. Conveyancing will be smoother if you use a solicitor in Box especially if they are familiar with such properties in Box.
My husband and I are one month into a leasehold purchase having been directed to conveyancers by the local agent to execute conveyancing in Box. I am am extremely frustrated with the level of service. Could you you assist me in finding new lawyers?
A conveyancer would need to be very bad to suggest replacing them. Has the mortgage offer been generated? In the event that it has you need to make them aware of the new contact details and have the loan are re-sent. The solicitor ideally needs to be on the mortgage company approved list to avoid supplemental expenses and complications. So that should be your first question of the new solicitors. Our search tool can assist you in finding a bank approved solicitor for your home move in Box
I today plan to offer on a house that seems to be perfect, at a great price which is making it more attractive. I have subsequently been informed that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Box. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Box ?
Most houses in Box are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Box so you should seriously consider shopping around for a Box conveyancing solicitor and be sure that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as requiring the landlord’spermission to carry out changes to the property. You may also be required to pay a contribution towards the maintenance of the estate where the house is located on an estate. Your lawyer will advise you fully on all the issues.
I invested in buying a 1 bedroom flat in Box, conveyancing having been completed in 2010. Can you work out an approximate cost of a lease extension? Similar flats in Box with a long lease are worth £175,000. The ground rent is £65 invoiced every year. The lease ceases on 21st October 2084
You have 58 years unexpired the likely cost is going to range between £23,800 and £27,400 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide 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 issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.