We are about to exchange contracts for a garden flat in Woodcote Green. We have hit a stumbling block. Our mortgage offer with Barclays expires on 13/1/2025 but the owners are suggesting a completion date of 15/1/2025. Can one extend the loan offer?

The best person to deal with your concern is your solicitors who is in a position to assess whether they should be discussing with the lender, vendor’s solicitors, estate agents or possibly all three based on the history of your house move to date.

We note that you have a search directory listing solicitors on the Principality conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Woodcote Green?

We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Woodcote Green.

I'm purchasing a new build house in Woodcote Green with a loan from Birmingham Midshires. The sellers refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not to tell my solicitor about this extras as it may adversely affect my mortgage with Birmingham Midshires. 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.

Do I need to be concerned about third parties that I am dealing with are encouraging me to use an online conveyancing firm as opposed to a local Woodcote Green conveyancing firm?

As is the case with many service providers, often input from connections can be extremely useful or valuable. Nevertheless there are lots of people with a keen interest in a conveyancing deal; estate agents, mortgage brokers and lenders might all put forward lawyers to choose. On occasion the conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there might be a financial incentive behind the recommendation. You are at liberty to select your preferred conveyancer. You need to be aware that many lenders specify a panel list of solicitors you have to use for the mortgage aspect of your transaction.

I today plan to offer on a house that appears to meet my requirements, at a reasonable figure which is making it more attractive. I have since discovered that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Woodcote Green. Conveyancing advisers have are about to be appointed. Will they explain the issues?

The majority of houses in Woodcote Green are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Woodcote Green so you should seriously consider looking for a Woodcote Green conveyancing solicitor and check that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’spermission to conduct changes to the property. You may also be required to pay a service charge towards the upkeep of the estate where the property is located on an estate. Your solicitor will advise you fully on all the issues.

I have had difficulty in trying to reach an agreement for a lease extension in Woodcote Green. Can this matter be resolved via the Leasehold Valuation Tribunal?

Most certainly. We are happy to put you in touch with a Woodcote Green conveyancing firm who can help.

An example of a Lease Extension case for a Woodcote Green property is Ground Floor Maisonette 17 Milton Road in January 2014. The Tribunal determined the premium payable by the Applicant to the should be £13,299 This case related to 1 flat. The unexpired residue of the current lease was 71.73 years.