We were just about to sign contracts for a freehold house in Halewood. We encountered a problem. Our mortgage offer with Coventry Building Society expires on 30/10/2025 but the sellers are insisting on a completion date of 3/11/2025. Can one prolong the loan offer?
The best person to address this question is your conveyancer who will assess if he or she is better off negotiating with the mortgage company, seller’s solicitors, estate agents or possibly all parties based on the circumstances your conveyancing to date.
We hope to to purchase with Norwich and Peterborough Building Society. I dropped in 3 or 4 high street firms yet am struggling to find a Halewood conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you help?
Please do make use of the search tool on this site. Please choose the building society and type Halewood or your location and you will see numerous solicitors based in Halewood or by proximity to you.
Are there restrictive covenants that are commonly identified as part of conveyancing in Halewood?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Halewood. 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…’
I am buying a new build apartment in Halewood. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Halewood
-
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Planning to exchange soon on a garden flat in Halewood. Conveyancing lawyers assured me that they are sending me a report on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Halewood should include some of the following:
-
What options are open to you if another tenant in the building breaches a clause of their lease? You should have a good understanding of the building insurance provisions Repair and maintenance of the property You should receive a copy of the lease Responsibility for repairing the window frames
Leasehold Conveyancing in Halewood - Sample of Questions you should consider before buying
-
You should be aware that where the lease has fewer than 80 years it will impact the value of the apartment. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will almost definitely have to extend the lease at some point and you need to have some idea of how much this will be. Remember, in most cases you will be required to have owned the property for a couple of years in order to be eligible to extend the lease. Does the lease have more than 80 years left? Many Halewood leasehold flats will incur a service bill for the upkeep of the block levied on behalf of the management company. Should you acquire the apartment you will have to pay this amount, usually periodically accross the year. This may be anything from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge to be met annual, normally this is not a large sum, say around £50-£100 but you need to enquire as on occasion it could be prohibitively expensive.
I today plan to offer on a house that seems to be perfect, at a great figure which is making it more attractive. I have since discovered that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Halewood. Conveyancing advisers have not yet been instructed. Will they explain the issues?
Most houses in Halewood are freehold and not 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 apparent that you are purchasing in Halewood in which case you should be looking for a Halewood conveyancing practitioner and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’spermission to conduct alterations. It may be necessary to pay a contribution towards the maintenance of the estate where the property is part of an estate. Your conveyancer will report to you on the legal implications.