We were just about to exchange contracts for a freehold house in Northallerton. We have hit a problem. Our loan offer with Virgin Money runs out on 28/1/2026 but the sellers are suggesting a completion date of 30/1/2026. Can one extend the mortgage expiry date?
The best person to address this issue is your solicitors who will assess whether they better off negotiating with the lender, owner’s lawyers, property agents or indeed all parties taking into account the history of your conveyancing as of today.
We are looking to buy a flat and require a conveyancing solicitor in Northallerton who is on the Coventry BS solicitor panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in Northallerton.
I had intended to instruct a property lawyer in Northallerton for our house move. Our financial adviser informed us that our mortgage lenders Godiva Mortgages Ltd won't deal with them. Surely this is unfair competition?
A lender may require an approved solicitor act for it. Borrowers are liable to bear the charges for this. Try using our directory service to select a solicitor to carry conveyancing in Northallerton on the Godiva Mortgages Ltd member panel.
Are there restrictive covenants that are commonly identified as part of conveyancing in Northallerton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Northallerton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been on the look out for a leasehold apartment up to £245,000 and found one close by in Northallerton I like with amenity areas and station in the vicinity, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Northallerton for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage that many years may be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass 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 about this.
I have instructed a Northallerton conveyancing solicitor for our home move (first time buyers) and have spotted in the terms and conditions that they are not regulated by the FCA. Need I be concerned or is that standard with property lawyer?
We can't see why they should be. Most conveyancing practitioner don't lend money. You should check that they are governed by the Solicitors Regulation Authority, who dictate specific laws regulating funds held by them.