We were just about to sign contracts for a ground floor flat in Church Stretton. We encountered a stumbling block. The loan offer with Birmingham Midshires runs out on 26/10/2026 but the sellers are suggesting a completion date of 28/10/2026. Is it possible to prolong the loan offer?
The best person to deal with your concern is your lawyer who is in a position to determine if he or she is should be discussing with the mortgage company, seller’s solicitors, selling agents or indeed all three based on the circumstances your conveyancing as of today.
Why is leasehold purchase conveyancing in Church Stretton is more expensive?
The conveyancing fees for a leasehold premises in Church Stretton is often greater when contrasted to a freehold property. This is due to the additional work required in communicating with the landlord and management company to obtain information about whether the rent and service fee have been cleared and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the block.
I am purchasing my first flat in Church Stretton with a loan from Lloyds TSB Bank. The sellers would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not reveal to my conveyancer about this side-deal as it may jeopardize my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What tools are available to locate a Church Stretton law firm on the Britannia conveyancing panel? I drive a motor bike and am willing to travel upto 25kilometers to meet the conveyancer.
Feel free to make use of the search on this page. Please select a bank and your location and you will see a number of Church Stretton conveyancing lawyers based on proximity. We have listed some Church Stretton conveyancing firms at the bottom of this page and you can telephone them to check whether they are on the Britannia panel
My husband and I are a fortnight into a leasehold purchase having been recommend to conveyancers by the estate agent to do our conveyancing in Church Stretton. We are not happy. Could you help me find new conveyancers?
They would need to be really poor in order to consider diss instructing them. Has the mortgage offer been sent? If so you must inform them of the new conveyancer and have the offer are re-sent. Your solicitor ideally should be on the mortgage company panel to avoid supplemental charges and frustration. So that should be your first question of the new lawyers. Our find a solicitor tool can assist you in finding a bank approved conveyancer for your conveyancing in Church Stretton
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a great figure which is making it all the more appealing. I have since been informed that it's a leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Church Stretton. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?
Most houses in Church Stretton are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area can help the conveyancing process. We note that you are purchasing in Church Stretton so you should seriously consider looking for a Church Stretton conveyancing practitioner and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as requiring the landlord’spermission to conduct alterations. You may also be required to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your solicitor should report to you on the legal implications.