We are a couple about to exchange contracts for a property in Mossley. We encountered a stumbling block. The mortgage offer with The Royal Bank of Scotland expires on 20/1/2025 but the owners are putting forward a completion date of 22/1/2025. Is it possible to extend the mortgage expiry date?
The person best placed to deal with your question is your lawyer who will hopefully calculate if he or she is better off negotiating with the lender, seller’s representatives, selling agents or possibly all three given the circumstances your conveyancing as of today.
Having sold my house in Mossley last February but our buyer keeps whats apping every few hours complaining that her lawyer needs to hear from mine. What are the post completion sale formalities following completion?
Post completion of your house sale your solicitor is committed to send the transfer documentation and all additional paperwork to the buyer’s conveyancer. Where relevant, your conveyancer must also confirm that the home loan has been redeemed to the purchasers solicitors. There are no post completion procedures specific conveyancing in Mossley.
I have a decision in principle. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would much rather instruct a specialised conveyancing solicitor in Mossley?
You should check but the the likelihood is that appoint one of their panel lawyers if you accept the "fee-free" offer. Call the lender and determine if they allow a cash alternative. Some lenders have previously offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Mossley.
How does conveyancing in Mossley differ for newly converted properties?
Most buyers of new build or newly converted property in Mossley contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is completed. This is because developers in Mossley tend to buy the real estate, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Mossley or who has acted in the same development.
I own a leasehold flat in Mossley. Conveyancing and Coventry Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Mossley who acted for me is not around. Any advice?
First make enquiries of HMLR to make sure that this person is in fact the new freeholder. You do not need to instruct a Mossley conveyancing solicitor to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I purchased a 1 bedroom flat in Mossley, conveyancing having been completed 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 Mossley with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £65 per annum. The lease terminates on 21st October 2085
You have 61 years left to run we estimate the price of your lease extension to span between £19,000 and £22,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.
I note that you have a post code search directory identifying solicitors on the mortgage company conveyancing panel. Do Mossley conveyancing firms pay you a commission if I retain them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Mossley.