We were just about to exchange contracts for a freehold house in Mapperley. We have hit a snag. Our mortgage offer with Barclays runs out on 24/12/2025 but the sellers are suggesting a completion date of 30/12/2025. Can one extend the mortgage offer?

The best person to deal with your issue is your solicitors who will hopefully calculate if he or she is should be discussing with the lender, owner’s solicitors, estate agents or possibly all parties taking into account the history of your house move to date.

Our lender has suggested a law firm on their panel based in Mapperley but I would rather use a conveyancing lawyer in Mapperley local to me. Are you able to help?

The minority of Mapperley conveyancing solicitors are listed all banks conveyancing panel. Do make the most of our find an approved solicitor tool to find a Mapperley conveyancing firm on the on the bank panel.

I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Mapperley is the location of the property. Can you shed any light on this issue?

Flying freeholds in Mapperley are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Mapperley you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Mapperley may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

I am employed by a long established estate agent office in Mapperley where we see a few leasehold sales put at risk due to leases having less than 80 years remaining. I have received inconsistent advice from local Mapperley conveyancing solicitors. Could you confirm whether the vendor of a flat can commence the lease extension process for the purchaser on completion of the sale?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Leasehold Conveyancing in Mapperley - A selection of Questions you should ask before Purchasing

You should be aware if it is less than 80 years it will affect the marketability of the apartment. It is worth checking with your bank that they are willing to to proceed given the lease term. A short lease means that you will probably have to extend the lease sooner rather than later and you need to have some idea of what this would cost. Remember, in most cases you will need to own the residence for a couple of years in order to be eligible to carry out a lease extension. Are any of leasehold owners in dispute over their service charge payments? It is important to be aware if redecorating or some other significant cost is due in the foreseeable future that will be shared by the tenants and will materially increase the the service fees or result in a one off payment.

I need to find a bank panel solicitor in Mapperley. Could you help me?

It is not clear why you need a Mapperley panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Mapperley are on their panel . If you do find such a firm in Mapperley not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site