We were just about to exchange contracts for a garden flat in Long Ashton. We encountered a stumbling block. Our loan offer with HSBC Bank runs out on 16/6/2025 but the owners are putting forward a completion date of 18/6/2025. Can one extend the loan offer?
The best person to address this concern is your lawyer who is in a position to calculate whether they better off negotiating with the mortgage broker, vendor’s lawyers, selling agents or conceivably all parties based on the history of your transaction as of today.
I am purchasing a property and need a conveyancing solicitor in Long Ashton who is on the Birmingham Midshires approved. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Birmingham Midshires in certain locations such as Long Ashton. We dont recommend any particular firm.
We are planning to move house in May. Does my conveyancing solicitor liaise with the removal company on the completion day. As an aside, can you put forward a removal company in Long Ashton. Conveyancing lawyer was found before I stumbled across your site.
On the afternoon of completion you can pick up the keys from your estate agent however this can only be done once the vendors conveyancers inform the agent that they acknowledge receipt of the completion payment and the keys can be collected. Subsequently you should tell the removal company that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can assist you in locating a residential property solicitor in Long Ashton or a firm with expertise in conveyancing in Long Ashton.
We are getting the release of further monies on our home loan from Kent Reliance as we want to conduct improvements to our home in Long Ashton. Do we need to appoint a local Long Ashton solicitor on the Kent Reliance conveyancing panel to deal with the paperwork?
Kent Reliance would not normally require a member of their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Kent Reliance list.
I am currently in the process of buying my council flat in Long Ashton. I have a mortgage offer with Santander. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Santander, you will need to appoint a solicitor on the Santander conveyancing panel.
I have been on the look out for a flat up to £195,000 and identified one near me in Long Ashton I like with amenity areas and station in the vicinity, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Long Ashton for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan that many years will be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
Am I best advised to instruct a Long Ashton conveyancing solicitor based in the vicinity that I am hoping to buy? We have a good friend who can execute the legal formalities however her office is 300miles away.
The primary upside of using a local Long Ashton conveyancing practice is that you can visit the firm to sign paperwork, present your identification documents and apply pressure on them where appropriate. Having local Long Ashton know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and on the whole were content that must surpass using an unknown Long Ashton conveyancing solicitor just because they are local.
Estate agents have just been given the go-ahead to market my ground floor apartment in Long Ashton. Conveyancing has not commenced, however I have just had a yearly service charge demand – should I leave it to the buyer to sort out?
It best that you clear the service charge as normal as all ground rent and maintenance charges will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I own a leasehold flat in Long Ashton, conveyancing formalities finalised in 2006. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Long Ashton with a long lease are worth £216,000. The average or mid-range amount of ground rent is £50 yearly. The lease terminates on 21st October 2093
With just 68 years left to run the likely cost is going to be between £9,500 and £11,000 plus costs.
The figure above 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 concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.