We are a couple about to sign contracts for a leasehold flat in Penistone. We encountered a snag. Our loan offer with Accord Mortgages Ltd runs out on 15/9/2025 but the sellers are suggesting a completion date of 17/9/2025. Can one prolong the loan expiry date?
The person best placed to address this issue is your lawyer who will hopefully calculate if they better off negotiating with the lender, vendor’s solicitors, selling agents or possibly all parties given the circumstances your house move as of today.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Penistone is the location of the property. Can you offer any advice?
Flying freeholds in Penistone are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Penistone you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Penistone may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How do I use your search tool to find a conveyancing solicitor in Penistone on the approved list for my bank?
First select a bank such as HSBC Bank, Skipton Building Society or Alliance & Leicester then specify your location e.g. Penistone. Conveyancing practices in Penistone and nationally will then be identified.
As co-executor for the will of my uncle I am disposing of a property in Monmouth but I am based in Penistone. My conveyancer (approximately 235 kilometers from meneeds me to execute a stat dec ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Penistone to attest and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are located in Penistone
I am hoping to put an offer on a small detached house that appears to be perfect, at a great figure which is making it all the more appealing. I have subsequently been informed that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Penistone. Conveyancing advisers have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Penistone ?
Most houses in Penistone are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Penistone so you should seriously consider shopping around for a Penistone conveyancing solicitor and check that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’sconsent to carry out alterations. You may also be required to pay a service charge towards the maintenance of the estate where the property is part of an estate. Your lawyer should report to you on the legal implications.
I acquired a 1st floor flat in Penistone, conveyancing formalities finalised 9 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Penistone with a long lease are worth £197,000. The ground rent is £55 yearly. The lease terminates on 21st October 2080
With just 55 years remaining on your lease the likely cost is going to span between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.