We were just about to exchange contracts for a leasehold flat in Rawtenstall. We have hit a problem. Our loan offer with HSBC Bank runs out on 22/9/2025 but the sellers are insisting on a completion date of 24/9/2025. Can one extend the mortgage expiry date?
The person best placed to address this question is your solicitors who will calculate whether he or she is better off negotiating with the mortgage broker, owner’s lawyers, property agents or indeed all three given the circumstances your transaction as of today.
Do I need to pop into the offices of the solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Rawtenstall so that I can attend their offices if necessary.
As opposed to 15 years ago, almost all banks no longer oblige their conveyancing panel lawyer to witness the mortgagors signature. You will still be obliged to provide ID documents and there are still manifest benefits to using a local ayer, in your situation a conveyancing solicitor in Rawtenstall.
My wife and I are purchasing a property in Rawtenstall. It might be a silly question but how we can trust a solicitor? At some point we will need to send funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am assisting my niece sell her property in Rawtenstall. Does the solicitor order the EPC or it is for the owner to coordinate?
Following the demise of Home Packs, EPC’s was left as a mandatory part of moving property. An energy performance certificate needs to be to hand before the property is marketed. This is not as aspect of the sale process that lawyers ordinarily organise. If you are instructing a Rawtenstall conveyancing lawyer they may be able to arrange EPC’s given their contacts with long established local providers
My offer was accepted on an apartment in Rawtenstall on 12/6/2025, valuation was booked five days later, received a clean bill of health. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to Nationwide and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nationwide conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
The deeds to my home can not be found. The conveyancers who handled the conveyancing in Rawtenstall 10 years ago have long since closed. What are my options?
In today’s world there are copies made of almost everything, and your conveyancer will be aware precisely where to find all the appropriate paperwork so you may buy or dispose of your house without any difficulty. If copies are not available, your lawyer may be able to put in place insurance or indemnities against future claims on your property.
Back In 2009, I bought a leasehold flat in Rawtenstall. Conveyancing and Birmingham Midshires mortgage are in place. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Rawtenstall who acted for me is not around. Any advice?
The first thing you should do is make enquiries of HMLR to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to incur the fees of a Rawtenstall conveyancing practitioner to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I bought a leasehold flat in Rawtenstall, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Rawtenstall with over 90 years remaining are worth £227,000. The ground rent is £50 invoiced every year. The lease ends on 21st October 2097
You have 72 years remaining on your lease we estimate the price of your lease extension to span between £9,500 and £11,000 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
Can you please explain what my options are if my Rawtenstall conveyancing searches shows adverse results?
Usually, most issues that arise in Rawtenstall conveyancing search results can be dealt with prior to completion or indemnity insurance can be put in place. It is crucial to note that although you may be purchasing the premises and might be willing to live with the search results, your lender may not, and when all said and done the decision rests with them.