We were just about to exchange contracts for a property in Skewen. We have hit a problem. Our loan offer with Santander runs out on 9/4/2026 but the vendors are suggesting a completion date of 13/4/2026. Is it possible to extend the loan expiry date?
The best person to address this question is your lawyer who will hopefully determine whether they better off negotiating with the bank, owner’s lawyers, selling agents or possibly all three given the history of your conveyancing to date.
Is there a reason why leasehold purchase conveyancing in Skewen costs more?
Skewen leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Is there a search tool that I can utilise to investigate if the solicitor handling my conveyancing in Skewen is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Santander thus paying £187.00 plus VAT in supplemental conveyancing bill.
Please do take advantage of the find a conveyancing panel solicitor tool on this page. Please choose the lender and type ‘Skewen’ or your preferred area and you will be presented with a number of lawyer based in Skewen or nearest you.
We are aiming to move house in March. Does my conveyancing solicitor call the removal company on the day of completion. As an aside, can you recommend a removal company in Skewen. Conveyancing firm was organised before I stumbled across your site.
On the afternoon of completion you can pick up the keys from the selling agent but this can only occur after the vendors lawyers inform the agent that the monies to complete are in and the keys can be collected. You can advise the removal men that you are ready to move in. We do not recommend a specific removal organisation but can assist you in choosing a residential property solicitor in Skewen or a solicitor with expertise in conveyancing in Skewen.
We are getting the release of further monies on our home loan from Co-operative as we intend to conduct a loft conversion to our property in Skewen. Do we need to choose a bricks and mortar Skewen solicitor on the Co-operative conveyancing panel to deal with the paperwork?
Co-operative would not normally instruct firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative list.
I had a mortgage agreed in principle with Santander. Skewen conveyancing solicitors have been appointed. What is the average time that one could expect to receive a mortgage offer from Santander?
Some lenders take longer than others. Have Santander done the valuation? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am looking for a flat up to £235,500 and identified one near me in Skewen I like with open areas and transport links nearby, however it's only got 51 years on the lease. There is not much else in Skewen suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage that many years will be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Back In 2009, I bought a leasehold flat in Skewen. Conveyancing and Barnsley Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Skewen who acted for me is not around. Any advice?
First make enquiries of the Land Registry to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Skewen 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 legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the registered owner of a 1 bedroom flat in Skewen, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Skewen with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease ceases on 21st October 2089
With only 63 years remaining on your lease the likely cost is going to be between £16,200 and £18,600 plus legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.