We are a couple about to exchange contracts for a freehold house in Wollaston. We have hit a stumbling block. The mortgage offer with Britannia runs out on 22/4/2025 but the sellers are insisting on a completion date of 24/4/2025. Is it possible to prolong the loan expiry date?
The person best placed to deal with your concern is your lawyer who should calculate if they better off negotiating with the lender, owner’s lawyers, selling agents or possibly all parties taking into account the circumstances your conveyancing as of today.
My wife and I own a terraced Georgian property in Wollaston. Conveyancing solicitor represented me and Skipton Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the exact same address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wollaston and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing practitioner who conducted the purchase.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Wollaston is the location of the property. What do you suggest?
Flying freeholds in Wollaston are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wollaston you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wollaston may ascertain 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 residence.
Is it simple use the search facility to find a conveyancing lawyer in Wollaston on the authorised to act for my mortgage?
First choose a lender such as HSBC Bank, Barnsley Building Society or Barclays Direct then specify your location for example Wollaston. Conveyancing organisations in Wollaston and further afield should be identified.
I have recently placed an offer on an apartment in Wollaston and the broker that we are using suggested his property lawyer. She quoted £900 plus VAT and disbursements. Does this sound steep?
Don't just go on 1 quote. You should seek like-for-like quotes for your conveyancing in Wollaston. Then select one that you trust and crucially, is on the approved panel of the mortgage company that you are sourcing your mortgage from.