We are a couple about to exchange contracts for a ground floor flat in Hope Valley. We have hit a stumbling block. The mortgage offer with Birmingham Midshires runs out on 15/5/2023 but the owners are suggesting a completion date of 17/5/2023. Is it possible to prolong the mortgage expiry date?

The best person to address this concern is your lawyer who will hopefully determine if he or she is better off negotiating with the mortgage company, seller’s conveyancers, selling agents or conceivably all parties given what has gone on in your transaction as of today.

Can I use your services to locate a Conveyancing solicitor in Hope Valley even where I’m not buying or selling a house, for example where I want to buy an office in Hope Valley with a loan from Skipton Building Society?

The service is primarily used to get a quote from residential conveyancing solicitors in Hope Valley but we have listed at the end of this page a selection of Hope Valley commercial conveyancing firms. You should enquire with the company directly to establish if they can also act for Skipton Building Society

I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Hope Valley. My lender is Tesco Bank

Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 15/3/2023, the requirements read as follows :

Should my solicitor be raising enquiries about flooding as part of the conveyancing in Hope Valley.

Flooding is a growing risk for solicitors carrying out conveyancing in Hope Valley. Plenty of people will buy a property in Hope Valley, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.

Solicitors are not qualified to impart advice on flood risk, however there are a numerous searches that may be initiated by the purchaser or on a buyer’s behalf which will figure out the risks in Hope Valley. The standard property information forms given to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the seller to discover if the premises has ever been flooded. If flooding has previously occurred and is not disclosed by the owner, then a purchaser could issue a claim for damages resulting from an incorrect answer. The purchaser’s conveyancers may also commission an environmental search. This will higlight if there is any known flood risk. If so, more detailed inquiries will need to be conducted.

What are your top tips when it comes to appointing a Hope Valley conveyancing firm to deal with our lease extension?

If you are instructing a conveyancer for your lease extension (regardless if they are a Hope Valley conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with two or three firms including non Hope Valley conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:

What are the costs for lease extension conveyancing? If the firm is not ALEP accredited then what is the reason?

Leasehold Conveyancing in Hope Valley - Sample of Questions you should ask Prior to buying

The prefered form of lease arrangement is a share of the freehold. In this arrangement the tenants benefit from control and even though a managing agent is often employed if the building is bigger than a house conversion, the managing agent is directed by the tenants. The answer will be helpful as a) areas may cause problems in the block as the common areas may start to deteriorate where services remain unpaid b) if the leaseholders have a dispute with the managing agents you will wish to know about it