We are about to sign contracts for a freehold house in Broadclyst. We encountered a stumbling block. Our loan offer with Birmingham Midshires runs out on 8/1/2026 but the vendors are insisting on a completion date of 12/1/2026. Can one prolong the mortgage offer?
The best person to deal with your concern is your conveyancer who is in a position to calculate whether he or she is corresponding with the lender, owner’s solicitors, property agents or conceivably all parties taking into account the history of your house move as of today.
My grandfather passed away six months ago and as sole heir and executor I was left the property in Broadclyst. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this allowed?
Given you intend to re-mortgage then Skipton will require that you use a conveyancer on the Skipton conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Skipton conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Skipton mortgage is registered as a charge at the Land Registry.
A friend advised me that if I am buying in Broadclyst I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Broadclyst conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Broadclyst around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Broadclyst Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Broadclyst.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Broadclyst?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Broadclyst. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
What does commercial conveyancing in Broadclyst cover?
Commercial conveyancing in Broadclyst covers a wide range of guidance, given by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Last June I purchased a leasehold house in Broadclyst. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Broadclyst - Examples of Queries before buying
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On the whole the outlay for major works are not incorporated into the maintenance charges, although a few managing agents in Broadclyst ask leaseholders to pay into a reserve fund and this is used to offset against larger repairs or maintenance. You should be aware if it is no more than eighty years it will affect the salability of the property. Check with your mortgage company that they are content with residual term of the lease. Leases with less than 80 years remaining means that you will most likely need a lease extension sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you will need to own the residence for two years before you are legally able to extend the lease. This question is helpful as a) areas may result in problems in the building as the communal areas may begin to deteriorate if maintenance remain unpaid b) if the leasehold owners have an issue with the managing agents you will need to have all the details