We are a couple about to sign contracts for a leasehold flat in Stourbridge. We encountered a snag. The mortgage offer with Nationwide Building Society expires on 8/3/2021 but the vendors are putting forward a completion date of 10/3/2021. Is it possible to prolong the loan expiry date?

The person best placed to deal with your issue is your conveyancer who will hopefully assess whether they should be discussing with the bank, seller’s representatives, estate agents or possibly all three taking into account the circumstances your transaction to date.

We're in Stourbridge, FTBs purchasing with a mortgage (lender is Aldermore , and our lawyer is on the Aldermore conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Aldermore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

I'm buying my first flat in Stourbridge with a loan from Barclays . The builders refused to move on the price so I negotiated £7000 of additionals instead. The estate agent told me not to tell my conveyancer about this extras as it may affect my loan with the bank. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Hoping to buy a property located in Stourbridge and I am already nervous. I couldn't find anything specific about Stourbridge. Conveyancing will be needed in due course but do you know about the Stourbridge area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Stourbridge. In the meantime here are some basic statistics that we found

We expect to complete the disposal of our £275,000 flat in Stourbridge in just under a week. The landlords agents has quoted £312 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Stourbridge?

Stourbridge conveyancing on leasehold apartments often involves the purchaser’s lawyer submitting enquiries for the landlord to answer. Although the landlord is not legally bound to address these enquiries most will be willing to do so. They are entitled to invoice a reasonable administration fee for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the paperwork that you are referring to is over three hundred pounds, in some situations it is above £800. The management information fee demanded by the landlord must be accompanied by a summary of entitlements and obligations in relation to administration charges, otherwise the charge is technically not due. Reality however dictates that one has little option but to pay whatever is requested of you if you want to complete the sale of your home.

I acquired a garden flat in Stourbridge, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Stourbridge with over 90 years remaining are worth £195,000. The ground rent is £45 per annum. The lease finishes on 21st October 2084

With just 63 years left to run we estimate the premium for your lease extension to range between £16,200 and £18,600 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.