We are about to exchange contracts for a property in Brown Edge. We have hit a stumbling block. Our loan offer with Birmingham Midshires expires on 8/12/2025 but the sellers are putting forward a completion date of 10/12/2025. Can one extend the mortgage offer?

The best person to deal with your concern is your lawyer who will hopefully assess whether he or she is corresponding with the lender, seller’s conveyancers, property agents or conceivably all parties taking into account the history of your transaction to date.

We note that you have a search directory listing solicitors on the Barclays conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Brown Edge?

We are a listing service only for law firms wishing to communicate if they are on the Barclays conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Brown Edge.

I am looking for a flat up to £245,000 and identified one close by in Brown Edge I like with open areas and station in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Brown Edge suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

If you need a home loan the shortness of the lease will be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor 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 matter.

How easy is it to use the search app to select a conveyancing lawyer in Brown Edge on the authorised to act for my mortgage?

1st pick a lender such as Birmingham Midshires, Coventry Building Society or Britannia then specify your location e.g. Brown Edge. Conveyancing organisations in Brown Edge and further afield should be listed.

Looking forward to complete next month on a garden flat in Brown Edge. Conveyancing solicitors assured me that they will have a report out to me within the next couple of days. What should I be looking out for?

The report on title for your leasehold conveyancing in Brown Edge should include some of the following:

The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Repair and maintenance of the property Specifying your legal entitlements in relation to common areas in the block.For example, does the lease provide for a right of way over a path or staircase? Additions to the premises The unexpired lease term. You should receive guidance as what happens when the lease expires, and aware of the importance of not letting the lease term falling below eighty years

Leasehold Conveyancing in Brown Edge - Examples of Questions you should ask Prior to buying

Does the lease have onerous restrictions? The prefered form of lease structure is where the freehold reversion is in the ownership of the leaseholders. In this situation the tenants have being in charge if their destiny and notwithstanding that a managing agent is usually retained if the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Its a good idea to discover as much as you can regarding the managing agents as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to every day matters such as the upkeep of the communal areas. Ask prospective neighbours what they think of them. Finally, be sure you know the dates that the maintenance fees are due to the appropriate party and precisely how they are spending the funds.