We are a couple about to exchange contracts for a semi detached house in Marford. We have hit a stumbling block. The loan offer with Leeds Building Society expires on 20/1/2025 but the owners are suggesting a completion date of 22/1/2025. Is it possible to prolong the mortgage expiry date?

The person best placed to address this issue is your lawyer who will calculate whether he or she is corresponding with the mortgage broker, seller’s solicitors, estate agents or conceivably all parties taking into account the circumstances your transaction to date.

My wife and I purchased a 4 bedroom Victorian house in Marford. Conveyancing practitioner acted for me and Barclays Direct. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the matching property. I'd like to know for sure, how can I find out??

You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Marford and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing solicitor who completed the work.

I'm buying a new build house in Marford with a mortgage from Aldermore. The builders refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not reveal to my conveyancer about this deal as it will put at risk my loan with the bank. Should I keep quiet?.

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.

I have been on the look out for a leasehold apartment up to £245,000 and identified one round the corner in Marford I like with amenity areas and transport links nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in Marford in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?

If you require a home loan the shortness of the lease will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you can request that they 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 regarding this matter.

How difficult is it to change solicitor as I have to retain one who is on the Birmingham Midshires conveyancing panel. I hired a local conveyancing solicitor in Marford round the corner but he is not accepted by Birmingham Midshires

It would be our pleasure to assist you select a conveyancing solicitor in Marford on the Birmingham Midshires panel. Please note that the law firms that we on the directory do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Marford. In utilising the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Marford.