We are a couple about to exchange contracts for a freehold house in Redditch. We encountered a stumbling block. Our loan offer with Platform Home Loans Ltd runs out on 4/9/2025 but the sellers are insisting on a completion date of 8/9/2025. Is it possible to prolong the loan expiry date?
The person best placed to address this issue is your conveyancer who should calculate if he or she is better off negotiating with the mortgage broker, seller’s representatives, estate agents or conceivably all three based on what has gone on in your conveyancing to date.
We are intent on selling our house in Redditch and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any high street Redditch conveyancer would know this is not the case. It does beg the question why the buyers instructed a factory type conveyancing firm as opposed to a conveyancing solicitor in Redditch. Having lived in Redditch for 5 years we know that this is a non issue. Do we contact our local Authority to seek confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
4 months have elapsed since my purchase conveyancing in Redditch concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Is there anything unique about your site and alternative internet conveyancing brokers for conveyancing in Redditch?
At this site secure an accurate costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Redditch. Unlike many estate agents and many comparison sites we do not operate kick-back deals with solicitors. A large number of agents and online brokers 'recommend' solicitors paying the highest per referral, as opposed to the best value conveyancing in Redditch
Am I better off to appoint a Redditch conveyancing solicitor based in the area that I am purchasing? An old friend can execute the legal work but his firm is located 400miles drive away.
The benefit of a local Redditch conveyancing practice is that you can drop in to sign paperwork, present your identification documents and apply pressure on them where appropriate. Having local Redditch know how is a plus. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and on the whole were impressed that must surpass using an unfamiliar Redditch conveyancing lawyer just because they are Redditch based.
In relation to leasehold conveyancing in Redditch what are the most common lease problems?
There is nothing unique about leasehold conveyancing in Redditch. Most leases are individual and legal mistakes in the legal wording can sometimes mean that certain sections are erroneous. The following missing provisions could result in a defective lease:
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A provision to repair to or maintain elements of the building
You will have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Lloyds TSB Bank, The Mortgage Works, and Aldermore all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, obliging the purchaser to withdraw.
I acquired a basement flat in Redditch, conveyancing having been completed December 1996. 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? Corresponding flats in Redditch with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 charged once a year. The lease expires on 21st October 2082
With just 57 years left to run we estimate the premium for your lease extension to range between £28,500 and £33,000 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do 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 should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.