We were just about to exchange contracts for a garden flat in Shrewton. We encountered a problem. Our loan offer with Birmingham Midshires expires on 23/5/2025 but the vendors are insisting on a completion date of 28/5/2025. Can one prolong the loan offer?
The best person to deal with your issue is your lawyer who will determine whether they should be discussing with the mortgage broker, vendor’s conveyancers, estate agents or possibly all three given what has happend in your conveyancing as of today.
I am about to put an offer on a leasehold property in Shrewton. The estate agents say that it is standard for flats in Shrewton to have less than 75 years left on the lease. I am taking out a mortgage with Chelsea Building Society. Will the property be mortgageable given that the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 23/3/2025 the requirements read as follows :
Should I be suspicious about estate agents that I am dealing with are recommending a nationwide conveyancing firm as opposed to a local Shrewton conveyancing firm?
As with many service providers, often suggestions from family and friends can be most helpful. Nevertheless there are numerous players in a conveyancing transaction; estate agents, mortgage brokers and lenders may recommend conveyancers to use. Sometimes the solicitors might be known to one of the organisations as one of the best in their field, but sometimes there exists a financial incentive behind the endorsement. You are free to appoint your own conveyancer. You need to be aware that the majority of mortgage providers specify a panel list of lawyers you have to use for the lender aspect of your transaction.
I need to instruct a conveyancing practitioner in Shrewton for my sale. Is it possible to check a solicitor's record with the legal regulator?
One may read published Solicitor Regulator Association (SRA) decisions arising from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training reasons.
If all goes to plan we aim to complete our sale of a £200,000 apartment in Shrewton next week. The freeholder has quoted £300 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Shrewton?
Shrewton conveyancing on leasehold flats often requires the buyer’s lawyer sending questions for the landlord to answer. Although the landlord is not legally bound to answer these enquiries the majority will be content to do so. They are entitled to charge a reasonable administration fee for answering enquiries or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The management information fee required by the landlord must be sent together with a summary of entitlements and obligations in relation to administration fees, without which the charge is technically not due. Reality however dictates that one has little option but to pay whatever is requested of you should you wish to sell the property.
Leasehold Conveyancing in Shrewton - A selection of Questions you should ask Prior to buying
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Who is in charge of the building? Plenty Shrewton leasehold flats will have a service bill for the upkeep of the building invoiced on behalf of the freeholder. If you purchase the flat you will have to pay this charge, normally quarterly throughout the year. This may differ from several hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a rentcharge to be met annual, this is usually not a significant sum, say about £25-£75 but you need to enquire as occasionally it could be many hundreds of pounds. Please tell me if there are any major works on the horizon that could add a premium to the service charges?
For various reasons I am unable to attend my Shrewton conveyancing lawyers office to execute documents connected to my conveyancing in Shrewton – will this be an issue?
You need not be concerned. Shrewton conveyancing lawyers can undertake conveyancing transactions for clients from a distance. It is not necessary for you to be able to be present a Shrewton conveyancers office. They can undertake everything via phone, post and email - whatever works for you.