We are a couple about to sign contracts for a ground floor flat in Yardley. We have hit a snag. Our mortgage offer with Nationwide Building Society runs out on 3/12/2025 but the owners are suggesting a completion date of 5/12/2025. Is it possible to extend the mortgage offer?
The best person to deal with your question is your conveyancer who will hopefully calculate if he or she is should be discussing with the lender, owner’s lawyers, property agents or indeed all three given the history of your house move to date.
A friend informed me that in purchasing a property in Yardley there could be a number of restrictions preventing external changes to the property. Is this right?
We are aware of anumerous of properties in Yardley which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Yardley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am purchasing a 3 bedroom semi in Yardley. Our aim is to convert the garage to an office at the house.Will the conveyancing process include investigations to determine if these alterations are allowed?
Your conveyancer will review the registered title as conveyancing in Yardley will sometimes identify restrictions in the title documents which prohibit categories of works or need the consent of a 3rd party. Many works require local authority planning permissions and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
My fiancee and I are spending time looking at apartments in Yardley and I am now considering a potential offer. Is it sensible to have my solicitor on ‘stand by’? I am planning to take a mortgage with Bank of Ireland.
It would be sensible to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. Given that you are seeking a mortgage with Bank of Ireland, make sure you remember to check that your lawyer is on the Bank of Ireland conveyancing panel.
3 months have gone by since my purchase conveyancing in Yardley concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build flat in Yardley. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Yardley
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan.
I have been on the look out for a flat up to £195,000 and found one near me in Yardley I like with open areas and railway links in the vicinity, however it's only got 49 years unexpired on the lease. I can't really find anything else in Yardley in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
Am I best advised to use a Yardley conveyancing lawyer who is local to the property I am buying? An old friend can execute the conveyancing however his firm is located 400kilometers away.
The primary upside of using a local Yardley conveyancing practice is that you can visit the firm to sign documents, deliver your identification documents and apply pressure on them if necessary. They will also have local knowledge which is a plus. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and on the whole were impressed that must outweigh using an unknown Yardley conveyancing lawyer solely due to them being round the corner.