We are about to exchange contracts for a leasehold flat in Buxton. We have hit a stumbling block. The mortgage offer with Aldermore runs out on 14/3/2025 but the vendors are suggesting a completion date of 18/3/2025. Can one extend the mortgage offer?

The best person to address this question is your lawyer who will hopefully assess if they should be discussing with the mortgage company, owner’s conveyancers, selling agents or conceivably all parties taking into account what has happend in your house move as of today.

We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would much rather instruct a specialised conveyancing solicitor in Buxton?

Do check but the the probability is that allocate you one of their panel conveyancers where you take up the "fee-free" offer. Call the bank to ask if they allow a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Buxton.

We are purchasing a house in Buxton. It might be a silly question but how we can trust a conveyancer? On the day of competition we have to send our life savings into their account. What is the protection we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

Have just purchased a repossessed house at auction in Buxton. Conveyancing is necessary. What happens now?

Having to all intents and purposes signed on the dotted line you should find a conveyancing lawyer quickly as you are faced with a tight a drop dead date to complete the property. All auction property will have a corresponding legal set of papers. This will include most,if not all of the paperwork that your solicitor will need. If you have purchased leasehold property the conveyancing pack may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You need to pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding in order to complete on the date specified in the contract.

I had a mortgage agreed in principle with Virgin Money. Buxton conveyancing practitioners have been appointed. How long does it take for Virgin Money to forward the offer to the lawyer?

There is no definitive answer here. Have Virgin Money done the survey? Have you informed Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

About to purchase a new build flat in Buxton. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Buxton

The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

I am looking for a flat up to £235,500 and identified one close by in Buxton I like with amenity 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 Buxton suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

If you require a home loan the remaining unexpired lease term will likely be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.