We were just about to exchange contracts for a freehold house in Dronfield. We have hit a stumbling block. The loan offer with Santander expires on 25/9/2025 but the sellers are insisting on a completion date of 29/9/2025. Is it possible to extend the mortgage offer?
The person best placed to deal with your concern is your solicitors who will assess whether they corresponding with the lender, seller’s lawyers, estate agents or indeed all parties given the circumstances your conveyancing to date.
I am the registered owner of a freehold house in Dronfield yet charged rent, why is this and what is this?
It is rare for properties in Dronfield and has limited impact for conveyancing in Dronfield 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Due to the input of my in-laws I had a survey completed on a property in Dronfield prior to retaining lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some banks tend refuse to grant a loan on a flying freehold home.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you contact us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Dronfield. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Dronfield to see if the conveyancing costs will increase in light of this.
I am downsizing from my home. My previous conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Dronfield if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Dronfield. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
My wife and I soon to complete buying a house in Dronfield but as a result of wreckage from the recent storms I have agreed recompense from the owner of £3k by way of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process but the mortgage company will not permit this. Should they have been notified?
Your property lawyer listed on a bank conveyancing panel is obliged to disclose to the lender of any amendments to the purchase amount. In the event that you did not allow your solicitor to disclose the reduction to your lender then they would need to discontinue representing you and the mortgage company.