We were just about to sign contracts for a freehold house in Rowley Regis. We have hit a problem. Our mortgage offer with HSBC Bank expires on 4/11/2025 but the sellers are putting forward a completion date of 6/11/2025. Is it possible to extend the mortgage expiry date?
The person best placed to address this concern is your conveyancer who should assess if they should be discussing with the mortgage broker, seller’s solicitors, property agents or possibly all parties based on the history of your conveyancing as of today.
Are the Rowley Regis conveyancing solicitors identified as being on the Santander conveyancing panel, together with their details provided by Santander?
Rowley Regis conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
I need some quick conveyancing in Rowley Regis as I have a deadline to complete inside 2 weeks. A home loan is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are are a cash buyer you have the choice not to do searches although no conveyancer would suggest that you don't. With lots of history conveyancing in Rowley Regis the following are instances of what can show up and adversely affect market value: Enforcement Notices, Outstanding Charges, Outstanding Grants, Railway Schemes,...
I opted to have a survey done on a house in Rowley Regis before retaining conveyancers. I have been informed that there is a flying freehold element to the house. My surveyor has said that some mortgage companies tend refuse to issue a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Rowley Regis. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Rowley Regis to see if the conveyancing will be more expensive.
I own a leasehold house in Rowley Regis. Conveyancing and Barclays Direct mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Rowley Regis who acted for me is not around. Do I pay?
The first thing you should do is contact the Land Registry to make sure that the individual claiming to own the freehold is indeed the new freeholder. There is no need to instruct a Rowley Regis conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the registered owner of a 1st floor flat in Rowley Regis, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Equivalent properties in Rowley Regis with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 per annum. The lease runs out on 21st October 2084
With 59 years left to run the likely cost is going to span between £20,900 and £24,200 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered 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.
When it comes to my conveyancing in Rowley Regis should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Rowley Regis conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.