We were just about to exchange contracts for a leasehold flat in Twyford. We encountered a stumbling block. Our loan offer with Halifax expires on 3/6/2025 but the owners are insisting on a completion date of 5/6/2025. Can one prolong the mortgage expiry date?
The best person to deal with your concern is your lawyer who will determine if they should be discussing with the mortgage company, owner’s conveyancers, property agents or conceivably all parties based on the history of your house move as of today.
I'm purchasing my first flat in Twyford benefiting from help to buy. The sellers would not move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not reveal to my lawyer about the deal as it will impact my mortgage with the lender. 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.
How can the Landlord & Tenant Act 1954 affect my commercial property in Twyford and how can your lawyers assist?
The 1954 Act gives security of tenure to commercial leaseholders, giving them the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act for protection and handle your commercial conveyancing in Twyford
I need to appoint a conveyancing solicitor for leasehold conveyancing in Twyford. I happened to stumble upon a site which appears to be the ideal answer If there is a chance to get all formalities completed via web that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Having checked my lease I have discovered that there are only 62 years remaining on my lease in Twyford. I now want to get lease extension but my freeholder is absent. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to prove that you have made all reasonable attempts to track down the freeholder. For most situations a specialist should be useful to try and locate and prepare a report to be used as proof that the freeholder can not be located. It is advisable to get professional help from a conveyancer in relation to devolving into the landlord’s absence and the vesting order request to the County Court overseeing Twyford.
Leasehold Conveyancing in Twyford - A selection of Queries Prior to buying
-
This question is important as a) areas could cause problems for the building as the communal areas may begin to deteriorate if services remain unpaid b) if the tenants have a dispute with the running of the building you will need to know about it You will want to discover as much as you can regarding the managing agents as they will either make living at the property much easier or much more difficult. Being a leasehold owner you are often at the mercy of the managing agents from a financial perspective and when it comes to daily issues like the cleanliness of the common parts. Enquire of other people what they think of their service. Finally, be sure you know the dates that the maintenance fees are due to the relevant party and precisely what it includes. Who are the managing agents?
Me and mywife and I are in the market for an affordable conveyancing solicitor in Twyford to purchase a flat. I I am concerned about being overcharged but with lots of Twyford conveyancing firms out there...who do I opt for?
Where you have never instructed a lawyer previously, a trustworthy recommendation via family or friends is a preferable starting point and is often a good indicator of quality. As an alternative option, consult the Law Society’s online record of lawyers in Twyford or make use of our search tool to select a conveyancing solicitor in Twyford.