We are a couple about to sign contracts for a freehold house in Ellesmere Port. We encountered a stumbling block. The mortgage offer with Platform Home Loans Ltd runs out on 2/7/2021 but the owners are putting forward a completion date of 6/7/2021. Is it possible to extend the mortgage expiry date?
The person best placed to address this issue is your lawyer who is in a position to assess whether he or she is corresponding with the lender, vendor’s solicitors, property agents or conceivably all three taking into account the history of your house move as of today.
Why is leasehold purchase conveyancing in Ellesmere Port is more expensive?
Ellesmere Port leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I had intended to instruct a property lawyer in Ellesmere Port for our house move. Our broker has since advised us that our mortgage lenders Yorkshire Building Society won't deal with them. Why is this not regarded as unfair competition?
A mortgage company will direct that a panel solicitor act for it. Borrowers are expected to meet the cost of this. Try using our search facility to find a solicitor to conduct conveyancing in Ellesmere Port on the Yorkshire Building Society approved list of solicitors.
Jane (my partner) and I may need to rent out our Ellesmere Port ground floor flat for a while due to a career opportunity. We used a Ellesmere Port conveyancing firm in 2002 but they have closed and we did not have the foresight to seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
Some leases for properties in Ellesmere Port do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably refuse but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
Leasehold Conveyancing in Ellesmere Port - Examples of Queries Prior to buying
What is the name of the managing agents? How is the lease structured? If a Ellesmere Port lease has less than eighty years it will impact the salability of the property. It is worth checking with your lender that they are happy with remaining years on the lease. A short lease means that you will most likely have to extend the lease sooner rather than later and it is worth finding out what this will be. For most Ellesmere Portlease extensions you would be required to have been the owner of the premises for a couple of years before you are entitled to extend the lease.
How and when do I cover the costs of stamp duty due for my Ellesmere Port property purchase?
The majority of conveyancing practitioners tend to fill out a stamp duty return on your behalf during your Ellesmere Port conveyancing transaction for you to sign. On completion your lawyer will submit the Land Transaction Return Form to the Inland Revenue and - as long as they have the funds - pay any tax bill payable on your behalf.