We were just about to sign contracts for a freehold house in Epworth. We have hit a snag. Our mortgage offer with The Royal Bank of Scotland expires on 6/10/2026 but the sellers are putting forward a completion date of 8/10/2026. Can one extend the loan offer?
The best person to address this issue is your lawyer who will assess if they better off negotiating with the mortgage broker, vendor’s representatives, selling agents or conceivably all three taking into account what has happend in your house move to date.
I own a freehold property in Epworth but nevertheless pay rent, why is this and what is this?
It is rare for properties in Epworth and has limited impact for conveyancing in Epworth 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
We previously selected conveyancing lawyers locally in Epworth on the Nottingham solicitor approved list. They have just invoiced me a supplemental fee for the legal aspects of the Nottingham mortgage. Is this a supplemental conveyancing fee specified by Nottingham?
As unfair as it may seem, as long as it’s in their Terms and Conditions or estimate then yes your conveyancer can charge a fee for this. The charge is not dictated by Nottingham but by your Epworth property lawyer. Numerous firms on the Nottingham panel will levy an ‘acting for lender’ fee and others do not.
I currently have a mortgage with Leeds Building Society for my property in Epworth. Conveyancing has been completed a year ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Leeds Building Society?
Your original mortgage agreement with Leeds Building Society will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. You need not do this via a Leeds Building Society conveyancing panel solicitor.
Having read lots of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Epworth solicitor - who is on the Santander conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Santander will need an independent valuation of the property. Your lawyer will not arrange this. Usually Santander will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Epworth surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I opted to have a survey carried out on a house in Epworth before instructing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some lenders will not grant a loan on this type of house.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. If you contact us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Epworth. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking into buying my first house which is in Epworth and I am already nervous. I couldn't find anything specific about Epworth. Conveyancing will be needed in due course but do you know about the Epworth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Epworth. In the meantime here are some basic statistics that we found
I am on look out for some leasehold conveyancing in Epworth. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
If the lease is registered - and 99.9% are in Epworth - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a 1 bedroom flat in Epworth, conveyancing formalities finalised December 2003. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Epworth with a long lease are worth £191,000. The ground rent is £55 per annum. The lease ceases on 21st October 2080
With 54 years remaining on your lease we estimate the price of your lease extension to span between £32,300 and £37,400 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.