We are about to sign contracts for a garden flat in Mildenhall. We encountered a snag. Our mortgage offer with Birmingham Midshires expires on 4/3/2026 but the vendors are suggesting a completion date of 6/3/2026. Can one extend the loan offer?
The person best placed to deal with your concern is your solicitors who is in a position to assess if they corresponding with the mortgage company, owner’s solicitors, selling agents or conceivably all three based on what has gone on in your transaction as of today.
Should lawyers request money up-front for conveyancing in Mildenhall?
If you are buying a property in Mildenhall your lawyer will request that you to provide them with funds to cover the search fees. Normally this is requested to cover the fees of the Local Authority Search. When the deposit is as part of the total price then this should be needed shortly prior to exchange of contracts. The final balance that is due will be payable a few days prior to the completion date.
How can we know in advance if a Mildenhall conveyancing solicitor on the Clydesdale panel is any good?
When it comes to conveyancing in Mildenhall obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor carrying out your transaction.
We have a mortgage agreed in principle with Aldermore. Mildenhall conveyancing lawyers were instructed. What is the average time that one could expect to receive a mortgage offer from Aldermore?
There is no definitive answer here. Have Aldermore completed the valuation? Have you informed Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have paid off my mortgage with HSBC. I assume I don't need a Mildenhall property lawyer on the HSBC panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your HSBC 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 HSBC mortgage from the register. HSBC, 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 HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
Various internet forums that I have frequented warn that are the number one reason for delay in Mildenhall conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Mildenhall.
What makes your site different to alternative online quote calculators for conveyancing in Mildenhall?
At this site secure a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Mildenhall. Unlike many estate agents and brokerage sites we are not in the business of charging firms a fee if you select them for your property ownership legalities in Mildenhall
I would like to rent out my leasehold apartment in Mildenhall. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
Some leases for properties in Mildenhall do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably refuse but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I acquired a studio flat in Mildenhall, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Mildenhall with an extended lease are worth £190,000. The ground rent is £65 charged once a year. The lease runs out on 21st October 2087
With 61 years unexpired we estimate the premium for your lease extension to span between £18,100 and £20,800 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.