We were just about to exchange contracts for a property in Lees and Moorside. We have hit a snag. The loan offer with Coventry Building Society runs out on 6/7/2026 but the sellers are insisting on a completion date of 8/7/2026. Can one extend the loan offer?
The best person to deal with your question is your conveyancer who is in a position to determine if they should be discussing with the mortgage company, vendor’s representatives, selling agents or conceivably all three based on the history of your transaction as of today.
Do banks and building societies provide you with an approved list of Lees and Moorside conveyancing solicitors? How do you know who is on the Coventry BS conveyancing panel?
Lees and Moorside conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
I have today made my last payment due on my mortgage with Leeds Building Society. I assume I don't need a Lees and Moorside conveyancer on the Leeds Building Society panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
It is not clear whether my lender requires a lease extension. I have telephoned my Lees and Moorside building society branch on numerous occasions and was advised it wasn't an issue and they would lend. My Lees and Moorside conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Provided that the solicitor is on the mortgage company panel, they must comply with the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am selling my apartment. I had a double glazing fitted in April 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Leeds Building Society are being difficult. The Lees and Moorside solicitor who is on the Leeds Building Society conveyancing panel is recommending indemnity insurance as a solution but Leeds Building Society are requiring a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I am purchasing a house and the conveyancer has mentioned Chancel Repair for which the house may be obligated to contribute to because it falls into the area of such a church. He has recommended insurance. Is this really necessary for conveyancing in Lees and Moorside
Unless a previous purchase of the property completed post 12 October 2013 you could take it that solicitors handling conveyancing in Lees and Moorside to remain recommending a chancel search and or insurance against a claim.
Is there anything unique about your site and alternative internet conveyancing brokers for conveyancing in Lees and Moorside?
At this site obtain an accurate costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Lees and Moorside. As opposed to estate agents and brokerage sites we do not charge firms a fee if you appoint them for your home move in Lees and Moorside
What makes a Lees and Moorside lease unmortgageable?
There is nothing unique about leasehold conveyancing in Lees and Moorside. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:
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Repairing obligations to or maintain elements of the premises
You could have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Coventry Building Society, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, obliging the buyer to withdraw.
Lees and Moorside Leasehold Conveyancing - A selection of Queries before buying
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Generally speaking the outlay for major works tend not to be built into the service charges, although some managing agents in Lees and Moorside obliged leasehold owners to contribute towards a sinking fund and this is used to offset against larger works. What restrictions are contained in the Lees and Moorside Lease? How is the lease structured?