We were just about to sign contracts for a freehold house in Borehamwood. We have hit a problem. Our mortgage offer with Yorkshire Building Society expires on 15/1/2025 but the vendors are putting forward a completion date of 17/1/2025. Can one prolong the loan offer?

The best person to address this question is your conveyancer who will assess if they should be discussing with the lender, vendor’s conveyancers, selling agents or conceivably all parties taking into account the history of your conveyancing to date.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Borehamwood. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Borehamwood

Please confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.

Over the last few months I have been searching for a ground for flat up to £305k and found one close by in Borehamwood I like with open areas and station in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Borehamwood for this price, so just wondered if I would be making a grave error acquiring a short lease?

If you need a mortgage the shortness of the lease will likely be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.

I am using a search engine for the words on line conveyancing in Borehamwood it shows results of numerous conveyancersin the area. With so much choice what is the best way to find the suitable solicitor for my move?

The best way of seeking a suitable conveyancer is via personal testimonial, so seek the opinion of colleagues and relatives who have bought a property in Borehamwood or a reputable estate agent or financial adviser. Costs for conveyancing in Borehamwood vary, so it's advisable to request at least four fee estimates from varying types of property lawyers. Dont forget to clarify that the costs are assured not to rise.

Are Borehamwood conveyancing solicitors under an obligation to the Law Society to supply clear conveyancing figures?

Inbuilt into the Solicitors Code of Conduct are specific rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, constitute the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Borehamwood or or elsewhere in the country.