We were just about to sign contracts for a freehold house in Silverdale. We encountered a snag. The loan offer with Nationwide Building Society expires on 27/10/2025 but the owners are insisting on a completion date of 29/10/2025. Is it possible to extend the loan expiry date?

The person best placed to address this question is your lawyer who will determine if he or she is should be discussing with the bank, seller’s lawyers, selling agents or possibly all three taking into account the circumstances your house move as of today.

Should our conveyancer be raising enquiries regarding flooding as part of the conveyancing in Silverdale.

The risk of flooding is if increasing concern for solicitors dealing with homes in Silverdale. There are those who purchase a property in Silverdale, fully aware that at some time, it may be flooded. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.

Conveyancers are not qualified to give advice on flood risk, but there are a number of checks that may be carried out by the buyer or on a buyer’s behalf which can give them a better appreciation of the risks in Silverdale. The conventional set of completed inquiry forms given to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a standard question of the owner to determine whether the premises has suffered from flooding. If flooding has previously occurred and is not notified by the vendor, then a buyer may commence a claim for damages as a result of such an misleading answer. The buyer’s lawyers should also conduct an environmental report. This will higlight whether there is any known flood risk. If so, more detailed inquiries should be carried out.

I'm remortgaging my existing home to a buy to let loan with Godiva Mortgages Ltd and intend to use the remaining equity as a deposit on another house. The neighborhood we are interested in is Silverdale. Will your conveyancers be able to act for the two mortgage companies and link together the transactions?

Make use of our comparison tool on this page to check that the conveyancers are approved by both lenders. On the basis that they are the lawyer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and make apparent your expectations and needs.

Last February I purchased a leasehold flat in Silverdale. Am I liable to pay service charges relating to a period prior to completion of my purchase?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Leasehold Conveyancing in Silverdale - A selection of Questions you should ask Prior to buying

It is important to be aware whether fixing the lift or some other significant cost is due in the near future to be shared amongst the leaseholders and could well dramatically increase the the service fees or require a one off invoice. How much is the ground rent and service charge?

How do I establish who owns a property in Silverdale?

On the basis that the premises is registered with the Land Registry, and you have the information of the location of the premises, you should be able to view results from the the Land Registry of the registered owner for a for less than a fiver.