We are about to exchange contracts for a semi detached house in Townhill. We encountered a stumbling block. The mortgage offer with Coventry Building Society runs out on 23/11/2026 but the owners are putting forward a completion date of 25/11/2026. Is it possible to extend the loan expiry date?
The person best placed to address this question is your lawyer who should determine whether he or she is should be discussing with the mortgage company, seller’s representatives, property agents or possibly all three taking into account the circumstances your conveyancing as of today.
My father advised me that in buying a property in Townhill there could be various restrictions affecting the ability to carry out external alterations to a property. Is this right?
We are aware of a number of properties in Townhill which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Townhill should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We are buying a detached bungalow in Townhill. Our aim is to an extension at the rear at the house.Will legal conveyancing on the property involve checks to see if these alterations are permitted?
Your conveyancer will review the deeds as conveyancing in Townhill will occasionally reveal restrictions in the title documents which prevent categories of changes or require the consent of another owner. Many additions require local authority planning consent and approval in compliance with building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor before you commit yourself to a purchase.
It is unclear whether 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 Townhill building society branch on numerous occasions and was told it does not impact the mortgage offer and they will lend. My Townhill conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
The lawyer must follow the CML Handbook section two provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I require fast conveyancing in Townhill as I am faced with an ultimatum to sign on the dotted line within 4 weeks. A mortgage is not required. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a cash buyer you have the choice not to have searches conducted although no lawyer would advise that you don't. With plenty of history conveyancing in Townhill the following are examples of issues that can crop up and therefore affect the marketability of the property: Enforcement Notices, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
Despite weeks of looking the Title Certificate and documents to my house are lost. The solicitors who dealt with the conveyancing in Townhill 4 years ago have long since closed. What are my options?
Gone are the days when you need to have the physical official documentation to evidence that you are the registered proprietor of land or premises, as the Land Registry hold details of all registered land or property electronically.
Due to the guidance of my in-laws I had a survey completed on a property in Townhill in advance of retaining lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies tend refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. Santander has different instructions from Halifax. If you contact us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Townhill. Conveyancing may be slightly more expensive based on your lender's requirements.
What are the common defects that you see in leases for Townhill properties?
There is nothing unique about leasehold conveyancing in Townhill. All leases are drafted differently and drafting errors can result in certain clauses are missing. For example, if your lease is missing any of the following, it could be defective:
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Clauses dealing with recovering service charges for expenditure on the building or common parts. A duty to insure the building
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, The Mortgage Works, and Clydesdale all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, forcing the buyer to pull out.
I purchased a split level flat in Townhill, conveyancing was carried out 9 years ago. Can you work out an approximate cost of a lease extension? Corresponding properties in Townhill with a long lease are worth £165,000. The ground rent is £50 charged once a year. The lease runs out on 21st October 2103
With 77 years left to run the likely cost is going to range between £7,600 and £8,800 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.