We are about to exchange contracts for a ground floor flat in Addiscombe. We encountered a snag. The mortgage offer with Barclays runs out on 19/8/2025 but the sellers are putting forward a completion date of 21/8/2025. Can one prolong the loan offer?
The best person to address this issue is your solicitors who is in a position to calculate whether they should be discussing with the mortgage company, owner’s representatives, estate agents or possibly all parties based on the circumstances your conveyancing as of today.
Can you explain why leasehold purchase conveyancing in Addiscombe is more expensive?
Addiscombe leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am purchasing a new build house in Addiscombe benefiting from help to buy. The developers would not budge the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not disclose to my solicitor about the side-deal as it will affect my mortgage with TSB. Do I keep my lawyer in the dark?.
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 need to retain a conveyancing solicitor for purchase conveyancing in Addiscombe. I have stumble across a site which seems to have the ideal solution If there is a chance to get all this stuff completed via web that would be ideal. Should I 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 Seventy years remaining on my lease in Addiscombe. I now want to get lease extension but my freeholder is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to prove that you or your lawyers have done all that could be expected to locate the freeholder. In some cases an enquiry agent should be useful to conduct investigations and prepare an expert document to be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a property lawyer in relation to investigating the landlord’s absence and the application to the County Court overseeing Addiscombe.
I own a ground floor flat in Addiscombe. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
Most certainly. We can put you in touch with a Addiscombe conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Addiscombe property is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case affected 4 flats. The unexpired residue of the current lease was 98 years.
What type of property do your Addiscombe conveyancing estimates apply to?
Our conveyancing quotes are only relevant to standard domestic premises in England & Wales. If you have any different requirements for example industrial or agricultural land or commercial conveyancing in Addiscombe do contact us to discuss your requirements .