We are about to sign contracts for a leasehold flat in Glastonbury. We have hit a stumbling block. The loan offer with Santander expires on 4/11/2025 but the owners are insisting on a completion date of 6/11/2025. Can one prolong the mortgage expiry date?
The person best placed to deal with your concern is your conveyancer who is in a position to assess whether they corresponding with the lender, vendor’s solicitors, estate agents or conceivably all three taking into account the history of your house move as of today.
My Conveyancer in Glastonbury has never been on on the Halifax Approved Panel. Is it possible for me to retain my prefered solicitor notwithstanding that they are excluded from the Halifax list of approved lawyers?
The limited options available to you here include:
- Complete the purchase with your existing Glastonbury lawyers but Halifax will need to instruct a conveyancer on their panel. This will result in additional total legal charges as well as result in frustration.
- Choose a new lawyer to act in the purchase, obviously checking they are Halifax approved.
- Try to convince your Halifax based solicitor to attempt to join the Halifax panel
I was recommended by two or three local property agents in Glastonbury to select a property lawyer using your seach tool. What’s the financial incentive for Estate Agents to market your site over and above a competitor’s?
We refuse to make any commission for sending work our way. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I have just appointed agents to market my basement flat in Glastonbury. Conveyancing lawyers have not yet been instructed, but I have just received a half-yearly maintenance charge demand – Do I pay up?
It best that you pay the service charge as you normally would because all ground rent and maintenance charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I am the registered owner of a 1st floor flat in Glastonbury, conveyancing having been completed in 1999. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Glastonbury with a long lease are worth £216,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease ceases on 21st October 2094
With only 69 years unexpired we estimate the price of your lease extension to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.
Can a conveyancer remove a person from the title of my property in Glastonbury ?
Subtracting or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a solicitor