We are a couple about to sign contracts for a ground floor flat in Mitcheldean. We encountered a stumbling block. Our mortgage offer with TSB runs out on 16/2/2026 but the owners are putting forward a completion date of 18/2/2026. Is it possible to extend the loan expiry date?
The person best placed to deal with your concern is your lawyer who will assess if they corresponding with the bank, vendor’s representatives, estate agents or conceivably all three given the circumstances your transaction as of today.
I own a freehold premises in Mitcheldean but still charged rent, why is this and what is this?
It’s unusual for properties in Mitcheldean and has limited impact for conveyancing in Mitcheldean but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
Is it the case that all Mitcheldean conveyancing solicitors on the Principality conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Principality conveyancing panel they would need to be regulated by the SRA. Some banks do allow licenced conveyancers on their panel and in that case the practice would be governed by the CLC.
Can I be sure that the Mitcheldean conveyancing solicitor on the Skipton panel is any good?
When it comes to conveyancing in Mitcheldean getting 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 suggest that you speak with the solicitor carrying out your transaction.
I am currently in the process of buying my council flat in Mitcheldean. I have a mortgage offer with Skipton. Conveyancing is not something I have any knowledge of. 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 Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
I need some fast conveyancing in Mitcheldean as I am under an ultimatum to exchange contracts in less than one month. Thankfully I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a cash purchaser you have the choice not to have searches carried out although no solicitor would suggest that you don't. Drawing on years of experience of conveyancing in Mitcheldean the following are examples of what can arise and adversely impact market value: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...
How does conveyancing in Mitcheldean differ for newly converted properties?
Most buyers of new build property in Mitcheldean approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because new home sellers in Mitcheldean tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Mitcheldean or who has acted in the same development.
How do I use your search facility to find a conveyancing practitioner in Mitcheldean on the authorised to act for my bank?
Step one is to select a bank such as Yorkshire Building Society, Leeds Building Society or Bank of Ireland then choose your location such as Mitcheldean. Conveyancing firms in Mitcheldean and nationally should be identified.