We were just about to sign contracts for a semi detached house in Hockley Heath. We have hit a snag. The loan offer with The Mortgage Works runs out on 8/4/2019 but the sellers are insisting on a completion date of 10/4/2019. Is it possible to extend the mortgage expiry date?
The best person to address this question is your solicitors who is in a position to assess if they corresponding with the bank, seller’s lawyers, selling agents or possibly all three based on what has gone on in your conveyancing as of today.
I have a decision in principle. The lender mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would prefer to appoint a Hockley Heath based conveyancing firm?
You should check but the the probability is that allocate you one of their panel conveyancers where you want the "fee-free" deal. Contact the mortgage company and ask if they make available 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 the cost for your conveyancing solicitor near Hockley Heath.
I used Action Conveyancing a few years ago for my conveyancing in Hockley Heath. I now require my papers but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hockley Heath of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey completed on a house in Hockley Heath ahead of instructing solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies may refuse to grant a loan on such a home.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hockley Heath. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hockley Heath to see if the conveyancing costs will increase in light of this.
There are only Seventy years remaining on my flat in Hockley Heath. I need to get lease extension but my freeholder is absent. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to prove that you have done all that could be expected to locate the lessor. In some cases a specialist should be useful to carry out a search and prepare a report which can be accepted by the court as evidence that the landlord can not be located. It is wise to seek advice from a solicitor in relation to investigating the landlord’s disappearance and the application to the County Court overseeing Hockley Heath.
I acquired a split level flat in Hockley Heath, conveyancing having been completed in 2005. 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? Equivalent properties in Hockley Heath with an extended lease are worth £176,000. The ground rent is £50 invoiced annually. The lease expires on 21st October 2099
You have 80 years unexpired we estimate the premium for your lease extension to be between £7,600 and £8,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.