We were just about to sign contracts for a garden flat in South Yorkshire. We encountered a snag. Our mortgage offer with Skipton Building Society expires on 27/3/2026 but the owners are insisting on a completion date of 31/3/2026. Can one prolong the mortgage offer?
The best person to deal with your question is your conveyancer who will assess whether they should be discussing with the mortgage broker, vendor’s representatives, property agents or indeed all parties based on what has happend in your conveyancing to date.
Finally the sale completed on my house in South Yorkshire last October but the buyer keeps whats apping daily to say her conveyancer is waiting to hear from mylawyer. What should have happened now that I have sold?
Following your house sale your lawyer should send the transfer deeds and all additional paperwork to the buyer’s solicitors. If applicable, your conveyancer must also evidence that the mortgage has been redeemed to the buyers solicitors. There is unlikely to be post completion requirements just for conveyancing in South Yorkshire.
We're in South Yorkshire, First time buyers buying with a mortgage (lender is HSBC , and our solicitor is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
We are buying a property and the solicitor has raised the issue of Chancel Repair for which the property may be liable given it’s proximity to the area of such a church. She has recommended insurance. Is this really necessary for conveyancing in South Yorkshire
Unless a previous purchase of the premises completed after 12 October 2013 you may take it that lawyers delivering conveyancing in South Yorkshire to continue to suggest a chancel search and or insurance against a claim.
I today plan to offer on a house that appears to meet my requirements, at a reasonable figure which is making it all the more appealing. I have since found out that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in South Yorkshire. Conveyancing advisers have not yet been appointed. Will they explain the issues?
The majority of houses in South Yorkshire are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. We note that you are purchasing in South Yorkshire in which case you should be looking for a South Yorkshire conveyancing solicitor and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’spermission to carry out alterations. It may be necessary to pay a maintenance charge towards the upkeep of the estate where the house is located on an estate. Your solicitor should report to you on the legal implications.
I own a ground floor flat in South Yorkshire, conveyancing having been completed in 2001. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in South Yorkshire with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £65 levied per year. The lease ceases on 21st October 2085
With just 59 years remaining on your lease we estimate the premium for your lease extension to range between £20,900 and £24,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
Do I stop my mortgage payments with RBS as soon as a completion date for my home sale in South Yorkshire has been agreed?
No, you should maintain paying any mortgage payments to RBS pending the mortgage being repaid out of the proceeds of sale as part of your South Yorkshire conveyancing.