We were just about to exchange contracts for a leasehold flat in Sea Mills. We have hit a problem. The loan offer with Barnsley Building Society runs out on 9/10/2025 but the owners are insisting on a completion date of 13/10/2025. Is it possible to prolong the mortgage offer?
The person best placed to deal with your issue is your lawyer who will calculate if they should be discussing with the mortgage company, vendor’s solicitors, selling agents or conceivably all parties taking into account the history of your conveyancing as of today.
I am refinancing my apartment in Sea Mills, does my lawyer have to be on the Leeds Building Society Conveyancing panel?
There is nothing to stop you using your solicitor, but Leeds Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
My partner and I are close to exchanging contracts on the sale of our house in Sea Mills and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers instructed an online conveyancing firm as opposed to a conveyancing solicitor in Sea Mills. We have lived in Sea Mills for 4 years we know that this is a non issue. Do we get in touch with our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to 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 life insurance to cover that same illness)
I decided to have a survey done on a property in Sea Mills prior to appointing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies may refuse to grant a mortgage on a flying freehold house.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Sea Mills. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to find a conveyancing solicitor for remortgage conveyancing in Sea Mills. I've chance upon a web site which seems to have the ideal solution If there is a chance to get all this stuff completed via web that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Can you offer any advice when it comes to finding a Sea Mills conveyancing firm to deal with our lease extension?
If you are instructing a solicitor for your lease extension (regardless if they are a Sea Mills conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non Sea Mills conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:
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If the firm is not ALEP accredited then what is the reason? What volume of lease extensions has the firm conducted in Sea Mills in the last year?
Sea Mills Conveyancing for Leasehold Flats - A selection of Questions you should consider before buying
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If a Sea Mills lease has fewer than eighty years it will impact the salability of the property. It is worth checking with your mortgage company that they are happy with residual term of the lease. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and you need to have some idea of how much this would cost. Remember, in most cases you would need to own the residence for two years before you are eligible to exercise a lease extension. Many Sea Mills leasehold apartments will be liable to pay a service bill for the upkeep of the building set by the management company. Where you buy the flat you will have to meet this liability, usually in instalments accross the year. This can differ from a couple of hundred pounds to thousands of pounds for blocks with lifts and large communal areas. In all probability there will be a ground rent to be met annual, ordinarily this is not a significant sum, say about £50-£100 but you need to enquire it because on occasion it can be many hundreds of pounds. This question is useful as a) areas can result in problems in the building as the communal areas may begin to deteriorate if repairs are not paid for b) if the tenants have a dispute with the managing agents you will want to know about it