We are about to exchange contracts for a leasehold flat in Broadstone. We have hit a snag. The loan offer with Bank of Scotland runs out on 25/2/2026 but the sellers are insisting on a completion date of 27/2/2026. Can one extend the loan offer?
The best person to deal with your issue is your solicitors who will calculate whether he or she is better off negotiating with the mortgage broker, owner’s solicitors, estate agents or indeed all parties taking into account the history of your conveyancing to date.
This question may be naive but I am unexperienced as a 1st time buyer of a garden flat in Broadstone. Do I collect the keys to the property on completion from my solicitor? If this is the case, I will appoint a local conveyancing solicitor in Broadstone?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the completion advance to the owner’s solicitors, and shortly after the monies have arrived, you will be able to pick up the keys from the property Agents and move into your new home. Usually this happens early afternoon.
We previously selected conveyancers with offices in Broadstone on the Aldermore solicitor panel. They are now charging me a further fee for dealing with the Aldermore mortgage. Is this a supplemental conveyancing fee specified by Aldermore?
As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your property lawyer may charge a fee for this. The fee is not set by Aldermore but by your Broadstone conveyancer. Some firms on the Aldermore panel will levy ’dealing with mortgage’ fee but many firms incorporate it on their overall fee.
I'm in the process of looking at apartments in Broadstone and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a home loan with Skipton.
You should start requesting 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 estate agent. Given that you are taking out a mortgage with Skipton, ask your prospective lawyers if they are on the Skipton conveyancing panel otherwise they can't do the mortgage legal work.
The deeds to my home can not be found. The solicitors who conducted the conveyancing in Broadstone 5 years ago have long since closed. What do I do?
Gone are the days when you need to hold title official documentation to establish that you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.
About to purchase a new build flat in Broadstone. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Broadstone
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I am employed by a long established estate agent office in Broadstone where we have witnessed a few flat sales put at risk due to leases having less than 80 years remaining. I have received inconsistent advice from local Broadstone conveyancing solicitors. Could you confirm whether the seller of a flat can initiate the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I invested in buying a leasehold flat in Broadstone, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Broadstone with a long lease are worth £195,000. The ground rent is £45 invoiced every year. The lease terminates on 21st October 2088
With only 63 years unexpired we estimate the premium for your lease extension to span between £16,200 and £18,600 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
I have been searching for Broadstone conveyancing quotes online. Can I be sure that all the Broadstone firms that are listed on your directory are on the lender conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Broadstone conveyancing solicitor being on the mortgage company conveyancing panel is incorrect.