We are about to sign contracts for a ground floor flat in Burntwood. We have hit a problem. The loan offer with Yorkshire Building Society runs out on 23/3/2026 but the sellers are putting forward a completion date of 25/3/2026. Can one prolong the loan expiry date?
The best person to address this concern is your solicitors who will calculate whether they corresponding with the mortgage company, seller’s solicitors, estate agents or indeed all parties taking into account the circumstances your house move as of today.
Do I need to attend the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Burntwood so that I can pop in to their offices if required.
These days conveyancing panel lawyers for mortgage companies conduct their communications via the post, internet or over the phone. This means that they can undertake the conveyancing transaction no matter where you live in England or Wales. However you can see if you can still book an appointment to visit conveyancing lawyer if needed.
What will a local search reveal concerning the property we're purchasing in Burntwood?
Burntwood conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Onsearch The local search plays an important role in many a Burntwood conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
Back In 2002, I bought a leasehold flat in Burntwood. Conveyancing and TSB mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Burntwood who acted for me is not around. What should I do?
First make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. It is not necessary to instruct a Burntwood conveyancing lawyer to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I purchased a 1 bedroom flat in Burntwood, conveyancing was carried out in 2005. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Burntwood with over 90 years remaining are worth £216,000. The ground rent is £50 yearly. The lease runs out on 21st October 2095
With 69 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns 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 placing reliance on this information before seeking the advice of a professional.
Our mortgage broker has suggested using their lawyer for my conveyancing in Burntwood - won’t it be better to just use them?
This is not necessarily the case and you are at liberty to instruct whichever property lawyer of your choosing for your Burntwood home move. The conveyancing practitioner put forward by a 3rd party adviser may not always be the right conveyancing practitioner, they may recommend their own conveyancing firm who are based remotely. In this instance you may not have contact with your conveyancer and due to the lack of continuity in the transaction, it may be difficult to obtain updates.