We were just about to exchange contracts for a semi detached house in Hurworth. We have hit a snag. Our mortgage offer with HSBC Bank expires on 13/1/2026 but the vendors are suggesting a completion date of 15/1/2026. Is it possible to prolong the mortgage offer?
The best person to address this issue is your solicitors who will hopefully determine whether he or she is better off negotiating with the bank, owner’s lawyers, selling agents or indeed all three given the history of your house move to date.
We are purchasing a house and need a conveyancing solicitor in Hurworth who is on the TSB conveyancing panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don't recommend any particular firms conducting conveyancing in Hurworth.
We wanted to use a conveyancing solicitor in Hurworth for our house purchase. Our financial adviser has since notified us that our mortgage lenders Chelsea Building Society won't deal with them. Why is this not regarded as unfair competition?
A mortgage company will require an approved conveyancer act for it. Borrowers are expected to bear the cost of this. Please make use of our directory service to find a solicitor to carry conveyancing in Hurworth on the Chelsea Building Society conveyancing panel.
I am looking for a flat up to £235,500 and found one round the corner in Hurworth I like with open areas and station nearby, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Hurworth suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage that many years may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
I'm remortgaging my primary home to a BTL loan with Barclays Direct and intend to use the remaining equity as a deposit on further property. The neighborhood we are looking at is Hurworth. Will your conveyancers be able to act for both sets of banks and link together the two deals?
Do use our search tool on this site to check that the lawyers are approved by both banks. Assuming that they are the solicitor should be able to tie up the two deals but you should talk with you lawyer and specify your desired outcome and needs.
I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have just found out that it's a leasehold rather than freehold. I am assuming that there are issues buying a leasehold house in Hurworth. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?
Most houses in Hurworth are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. We note that you are purchasing in Hurworth so you should seriously consider looking for a Hurworth conveyancing solicitor and check that they are used to advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’spermission to carry out changes to the property. You may also be required to pay a service charge towards the maintenance of the estate where the house is located on an estate. Your lawyer should advise you fully on all the issues.
Leasehold Conveyancing in Hurworth - Sample of Questions you should ask Prior to buying
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In the main the cost for major works tend not to be incorporated into the service charges, albeit that there some managing agents in Hurworth obliged tenants to contribute towards a sinking fund created for the specific purpose of building a fund for larger repairs or maintenance. The prefered form of lease arrangement is a share of the freehold. In this arrangement the lessees benefit from being in charge if their destiny and although a managing agent is often employed if the building is larger than a house conversion, the managing agent retained by the leaseholders. Are any of leasehold owners in arrears of their service charge payments?