We are a couple about to sign contracts for a semi detached house in Whitnash. We encountered a stumbling block. Our loan offer with The Mortgage Works expires on 17/4/2026 but the sellers are suggesting a completion date of 21/4/2026. Is it possible to extend the loan offer?

The person best placed to address this issue is your solicitors who is in a position to determine whether they should be discussing with the mortgage company, seller’s lawyers, property agents or conceivably all three taking into account what has happend in your transaction as of today.

I am purchasing a new build house in Whitnash with a loan from The Mortgage Works. The sellers would not budge the price so I negotiated five thousand pounds worth of extras instead. The property agent suggested that I not reveal to my conveyancer about this deal as it may affect my mortgage with the bank. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer 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.

I'm remortgaging my existing house to a BTL loan with National Westminster Bank and I will use the ballance of the raised equity as a deposit on another property. The area we are talking about is Whitnash. Will your solicitors be able to act for the two mortgage companies and link together the conveyances?

Do use our search tool on this site to ensure that the solicitors are approved by both banks. On the basis that they are the lawyer should be able to tie up the two deals but you should talk with you solicitor and specify your expectations and needs.

I am in need of some leasehold conveyancing in Whitnash. Before I get started I would like to find out the number of years remaining on the lease.

Assuming the lease is recorded at the land registry - and almost all are in Whitnash - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I inherited a leasehold flat in Whitnash, conveyancing formalities finalised 6 years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Whitnash with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 yearly. The lease expires on 21st October 2092

With only 66 years left to run we estimate the price of your lease extension to be between £12,400 and £14,200 as well as legals.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.

We own a leasehold flat in Whitnash. Conveyancing was finished in five years ago. I have heard that I should not allow the the remaining lease term to fall too low. What is the reasoning?

Whitnash leasehold properties are for a fixed period - usually just under one hundred years when they are first granted. However a significant appartments in Whitnash were constructed or converted in the 60’s and so such leases now have fewer than 80 years left to run. That may seem like a long time however Banks, Building Societies and other mortgage companies tend to require leases to have a minimum of 75 years unexpired to adequate security. Accordingly when you come to sell the property you will need a lease extension if you are approaching seventy five years. To enhance your property value you should be thinking about whether to extend your lease well in advance of selling the property. You should note that there are strong financial reasons to taking action before the lease hits eighty years as when the lease falls below eighty years the premium to be paid to extend starts to escalate.