We are about to exchange contracts for a freehold house in Skewen. We encountered a snag. Our mortgage offer with HSBC Bank expires on 9/4/2026 but the sellers are insisting on a completion date of 13/4/2026. Can one prolong the mortgage expiry date?
The best person to address this question is your solicitors who should determine if they corresponding with the mortgage broker, seller’s lawyers, estate agents or indeed all three given the circumstances your conveyancing as of today.
Is there a reason why leasehold purchase conveyancing in Skewen is more expensive?
Skewen leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Is there a search tool that I can use to discover of the solicitor conducting my conveyancing in Skewen is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Santander thus spending £187.00 plus VAT in additional conveyancing costs.
Feel free to make use of the search tool on this site. Please choose the mortgage company and type ‘Skewen’ or your preferred area and you will discover numerous conveyancers offices in Skewen or by proximity to you.
I am planning to move property in March. Should my conveyancing solicitor liaise with the removal company on the day of completion. On a separate note, can you put forward a removal company in Skewen. Conveyancing solicitor was chosen before I stumbled across your site.
On the day of completion you will need to pick up the house keys from your property agent however this should only be done once the vendors solicitors inform the agent that the monies to complete are in and the keys can be given over. You will need to inform the removal men that they can start moving you in. We do not recommend a specific removal organisation but can assist you in choosing a conveyancing in Skewen or a solicitor that specialises in conveyancing in Skewen.
We are getting the release of further monies on our mortgage from Bank of Ireland as we wish to carry out alterations to our house in Skewen. Do we need to appoint a local Skewen solicitor on the Bank of Ireland conveyancing panel to deal with the paperwork?
Bank of Ireland would not normally require 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 Bank of Ireland conveyancing panel.
I had a mortgage agreed in principle with Nationwide. Skewen conveyancing lawyers are instructed. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide done the survey? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one near me in Skewen I like with open areas and station nearby, the downside is that it only has 51 years on the lease. There is not much else in Skewen suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage the shortness of the lease may be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and then assign 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 regarding this matter.
Back In 2005, I bought a leasehold house in Skewen. Conveyancing and Bank of Ireland mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1998. The conveyancing solicitor in Skewen who previously acted has now retired. Any advice?
First contact the Land Registry to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. You do not need to instruct a Skewen conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, 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 studio flat in Skewen, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Skewen with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ends on 21st October 2089
With just 63 years left to run we estimate the price of your lease extension to be between £16,200 and £18,600 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.