We are a couple about to sign contracts for a garden flat in Broughton. We have hit a problem. The mortgage offer with Clydesdale expires on 7/4/2026 but the vendors are suggesting a completion date of 9/4/2026. Is it possible to extend the loan offer?
The best person to deal with your concern is your solicitors who is in a position to calculate if they corresponding with the mortgage company, vendor’s conveyancers, estate agents or conceivably all three based on what has happend in your house move to date.
Are the Broughton conveyancing solicitors identified as being on the Lloyds conveyancing panel, together with their details provided by Lloyds?
Broughton conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.
My home in Broughton is up for sale and I have a purchaser. Does the property lawyer need to be required to be on the Principality conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Principality conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.
I'm converting the mortgage on my existing house to a BTL loan with Halifax and I will use the rest of the raised equity as a down payment on further house. The neighborhood we are looking at is Broughton. Will your conveyancers be able to act for the two banks and tie in the conveyances?
Make use of our comparison tool on this page to check that the solicitors are approved by both lenders. Assuming that they are the conveyancer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and specify your expectations and requirements.
I wish to let out my leasehold apartment in Broughton. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
A small minority of properties in Broughton do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably withhold but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I own a garden flat in Broughton, conveyancing having been completed in 2012. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Broughton with over 90 years remaining are worth £265,000. The ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2101
You have 75 years unexpired the likely cost is going to range between £8,600 and £9,800 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should 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 based on this information without first seeking the advice of a professional.
My in 2006. He has been wed, widowed and is now married again. He will be marketing the property this May. I believe he will simply be need to provide a copy of his marriage certificates to the lawyer however he is worried it could hold up the conveyancing. Is it worth updating the Land Registry information for the property?
It is not absolutely necessary to update the register as long as you have the proof required to demonstrate how the change of name has come about.
The buyer’s conveyancing practitioner should examine the registered details and require evidence by way of proof of the name change for instance marriage certificates.