We are about to exchange contracts for a leasehold flat in Grasmere. We have hit a stumbling block. The loan offer with HSBC Bank expires on 9/2/2026 but the sellers are suggesting a completion date of 11/2/2026. Can one prolong the loan expiry date?
The best person to address this issue is your conveyancer who is in a position to assess whether they better off negotiating with the bank, vendor’s conveyancers, property agents or indeed all three based on the circumstances your transaction to date.
I used Arc property Solicitors several years ago for my conveyancing in Grasmere. Now, I need my files however cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Grasmere of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a flat up to £235,500 and found one round the corner in Grasmere I like with open areas and transport links nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Grasmere for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage that many years will be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
How do I use your search tool to find a conveyancing solicitor in Grasmere on the panel for my bank?
Step one is to select a mortgage company such as Birmingham Midshires, Leeds Building Society or Clydesdale then specify your preferred area a common one being Grasmere. Conveyancing practices in Grasmere and beyond should be shown.
My aunt purchased her house in Grasmere in 2005. She has since got married, widowed and is now married again. She now wants to the sell the Grasmere property. I think she will simply be requested to provide a copy of the marriage certificates to the conveyancer but she is concerned it will frustrate the conveyancing. Is it worth updating the Land Registry documents for the property?
It is not absolutely necessary to update the title for the property as long as you have the evidence required to demonstrate how the name change occurred.
The purchaser’s conveyancer should review the registered information and need evidence to establish the change of name for instance marriage certificates.