We were just about to exchange contracts for a property in Streetly. We encountered a stumbling block. Our loan offer with expires on but the owners are suggesting a completion date of . Can one extend the loan offer?

The best person to address this issue is your lawyer who is in a position to calculate whether he or she is corresponding with the lender, seller’s solicitors, selling agents or conceivably all parties taking into account the history of your house move as of today.

We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would prefer to appoint a Streetly based conveyancing firm?

Do check but the the probability is that appoint one of their panel solicitors if you accept the "fee-free" incentive. Contact the mortgage company to see if they offer you a cash alternative. Some banks have previously offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Streetly.

I need some fast conveyancing in Streetly as I am faced with pressure to complete in less than one month. Thankfully I do not require a mortgage. Can I escape the need for conveyancing searches to save fees and time?

If.Given you are not obtaining a mortgage you are at free not to have searches conducted although no law firm would suggest that you don't. With lots of history conveyancing in Streetly the following are examples of issues that can arise and adversely impact future mortgageability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...

Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Streetly is where the house is located. What do you suggest?

Flying freeholds in Streetly 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 Streetly 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 Streetly may decide 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 premises.

Expecting to sign contracts shortly on a garden flat in Streetly. Conveyancing lawyers have said that they will have a report out to me next week. What should I be looking out for?

Your report on title for your leasehold conveyancing in Streetly should include some of the following:

Advice concerning the obligations as set out in the lease to pay service charges - in respect of the block, and the wider rights a lessee has Your conveyancers should enable you to have an understanding of the insurance provisions Rent payments - how much and when is collected, and also know whether this will change in the future Does the lease require carpeting throughout thus preventing wood flooring? What you can do if another tenant in the building breaches a clause of their lease?

For details of the information to be included in your report on your leasehold property in Streetly please enquire of your lawyer in advance of your conveyancing in Streetly.

I own a basement flat in Streetly, conveyancing was carried out 1995. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Streetly with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease terminates on 21st October 50

With 50 years left to run the likely cost is going to be between £36,100 and £41,800 as well as 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 provide a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.