My husband and I are nearing an exchange on a property in Shrewsbury and my mum and dad have transferred the exchange deposit to my conveyancer. I am now advised that as the deposit has been received from someone other than me my conveyancer needs to disclose this to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the lender concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
Your conveyancing practitioner is obliged to check with lender to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
I have 70 years left on my lease and require a lease extension for my apartment in Shrewsbury. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 8/9/2025 the requirements read as follows :
I need to appoint a conveyancing solicitor for residential conveyancing in Shrewsbury. I happened to chance upon a site which appears to be the perfect solution If it is possible to get all this stuff completed via email that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I only have Sixty One years remaining on my flat in Shrewsbury. I now wish to extend my lease but my freeholder is absent. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to locate the landlord. For most situations a specialist should be helpful to carry out a search and prepare a report which can be used as evidence that the landlord is indeed missing. It is wise to seek advice from a property lawyer in relation to devolving into the landlord’s absence and the vesting order request to the County Court covering Shrewsbury.
I am the registered owner of a 2 bed flat in Shrewsbury, conveyancing having been completed 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Shrewsbury with an extended lease are worth £195,000. The ground rent is £45 per annum. The lease ceases on 21st October 2087
With 62 years left to run we estimate the premium for your lease extension to be between £17,100 and £19,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.
Finally our conveyancing in Shrewsbury is set to complete this Friday, yet the vendors I am buying from wants to move out on the Saturday noon. Do I agree to such a idea?
You can't complete on a Saturday because the bank systems are not operating.