We were just about to exchange contracts for a ground floor flat in Aldermanbury. We have hit a stumbling block. The mortgage offer with Accord Mortgages Ltd expires on 19/6/2025 but the sellers are putting forward a completion date of 23/6/2025. Can one prolong the loan offer?
The best person to address this issue is your conveyancer who will calculate if they better off negotiating with the mortgage broker, owner’s representatives, selling agents or conceivably all parties taking into account the history of your conveyancing to date.
I used Action Conveyancing a few years ago for my conveyancing in Aldermanbury. Now, I need the documents however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Aldermanbury of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying a new build house in Aldermanbury with the aid of help to buy. The developers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative told me not reveal to my conveyancer about the deal as it would put at risk my mortgage with The Mortgage Works. 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.
Is there anything unique about your site and alternative online quote calculators when it comes to conveyancing in Aldermanbury?
At this site secure a fixed fee quote from a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Aldermanbury. As opposed to estate agents and many comparison sites we are not in the business of charging firms a commission if you select them for your conveyancing in Aldermanbury
I am using a search engine for the phrase conveyancing in Aldermanbury it reveals many solicitorslocally. How do I determine which is the suitable property lawyer for the sale of my house?
The ideal method of seeking a suitable conveyancer is via personal testimonial, so seek the guidance of friends and relatives who have bought a property in Aldermanbury or a reputable estate agent or financial adviser. Charges for conveyancing in Aldermanbury differ, so it's advisable to request a minimum of three fee calculations from different solicitors. Be sure to seek confirmation that the fees are fixed.
I am looking at a couple of flats in Aldermanbury which have about forty five years unexpired on the leases. Should I regard a short lease as a deal breaker?
There is no doubt about it. A leasehold apartment in Aldermanbury is a wasting asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it reduces the marketability of the premises. For most buyers and lenders, leases with less than 75 years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Aldermanbury conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Aldermanbury conveyancing firm to assist?
in cases where there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to decide the premium.
An example of a Lease Extension decision for a Aldermanbury property is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case was in relation to 2 flats. The unexpired residue of the current lease was 72.39 years.