We were just about to exchange contracts for a semi detached house in Sowerby Bridge. We have hit a snag. The loan offer with Halifax expires on 9/3/2026 but the sellers are insisting on a completion date of 11/3/2026. Is it possible to extend the loan offer?
The person best placed to deal with your issue is your solicitors who will hopefully determine whether he or she is corresponding with the lender, seller’s representatives, selling agents or indeed all three based on what has happend in your conveyancing as of today.
It is 10 years ago since I purchased my property in Sowerby Bridge. Conveyancing lawyers have just been retained on the sale but I am unable to locate the deeds. Is this a problem?
Don’t worry too much. First the deeds may be kept by your mortgage company or they may be in the possession of the solicitor who oversaw your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. Most conveyancing in Sowerby Bridge relates to registered property but in the rare situation where your property is not registered it is more of a problem but is not insurmountable.
I can see plenty of information on this site about conveyancing in Sowerby Bridge but can you isolate your top tip for finding the right conveyancer in Sowerby Bridge
Do not opt for the cheapest Sowerby Bridge conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Sowerby Bridge building society branch on numerous occasions and was told they are content with the situation and they would lend. My Sowerby Bridge conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they will not lend in accordance with their published requirements. I simply don't know who is right.
Your property lawyer must follow the Council of Mortgage Lenders’ Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Bank of Ireland have agreed my home loan in principle, my bid on a apartment in Sowerby Bridge has been agreed to, what are the next steps?
Your estate agent will need to know who your solicitors are (ensure that the property lawyers are on the lender’s approved list). Telephone Bank of Ireland or the financial adviser and complete any relevant forms. Bank of Ireland will appoint a valuer who will get in touch with the estate agent or seller to book an appointment. Once carried out (assuming no problems) it takes on average a fortnight to get a mortgage offer. Bank of Ireland will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Sowerby Bridge.
I have a 4 bedroom Georgian house in Sowerby Bridge. Conveyancing lawyer acted for me and Lloyds TSB Bank. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold with the exact same address. Is it worth asking Lloyds TSB Bank to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Sowerby Bridge and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing lawyer who conducted the purchase.
I need to appoint a conveyancing solicitor for my conveyancing in Sowerby Bridge. I have stumble upon a web site which seems to have the ideal answer If there is a chance to get all the legals done via phone that would be preferable. Do I need to be wary? What are the potential pitfalls?
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 Sowerby Bridge conveyancing firm to deal with our lease extension?
If you are instructing a conveyancer for lease extension works (regardless if they are a Sowerby Bridge conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with two or three firms including non Sowerby Bridge conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:
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How familiar is the practice with lease extension legislation? Can they put you in touch with clients in Sowerby Bridge who can give a testimonial?
I bought a split level flat in Sowerby Bridge, conveyancing was carried out in 2004. Can you work out an approximate cost of a lease extension? Equivalent properties in Sowerby Bridge with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 yearly. The lease expires on 21st October 2088
With only 62 years unexpired the likely cost is going to range between £17,100 and £19,800 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.