We were just about to sign contracts for a freehold house in Urmston. We encountered a stumbling block. Our loan offer with Birmingham Midshires runs out on 11/12/2025 but the vendors are putting forward a completion date of 15/12/2025. Can one prolong the mortgage expiry date?
The person best placed to deal with your concern is your conveyancer who should calculate if they better off negotiating with the mortgage company, owner’s representatives, property agents or conceivably all parties given what has happend in your transaction to date.
I am the registered owner of a freehold house in Urmston yet pay rent, why is this and what is this?
It is rare for properties in Urmston and has limited impact for conveyancing in Urmston but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
We hope to to purchase with Coventry BS. We have called around locally yet cant to find a Urmston conveyancing firm on the Coventry BS approved list. Could you help?
Feel free to take advantage of the find a lender approved solicitor tool on this page. Please choose the building society and type Urmston or your preferred area and you will see numerous solicitors based in Urmston or near you.
My solicitor has informed me that breach of easement insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Urmston?
The right level of breach of easement indemnity insurance should be dictated by who your lender. It would differ for example between Yorkshire Building Society and The Mortgage Works. Conveyancing solicitors as opposed to members of the public take out such insurances.
Is it correct that all Urmston CQS (Conveyancing Quality Scheme) solicitors are on the Barclays conveyancing list of approved practices?
Some major banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
Intending to buy a maisonette in Urmston. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Urmston conveyancer is on the Principality conveyancing panel.
What does commercial conveyancing in Urmston cover?
Commercial conveyancing in Urmston covers a broad array of advice, given by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Been looking for a property lawyer for freehold sale conveyancing in Urmston. I'm selling, uncomplicated no mortgage to redeem, no hurry, no onward purchase. Got an estimate from a conveyancer for £900 excluding VAT which is a tad high given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Urmston?
Considering it’s a sale only, £500 + VAT would be about the cheapest for sale conveyancing in Urmston.