We were just about to sign contracts for a leasehold flat in Alfreton. We encountered a problem. Our loan offer with The Royal Bank of Scotland runs out on 11/6/2025 but the owners are suggesting a completion date of 13/6/2025. Can one prolong the mortgage expiry date?
The person best placed to deal with your question is your solicitors who should determine whether he or she is should be discussing with the bank, seller’s representatives, property agents or indeed all parties taking into account what has gone on in your house move as of today.
I have recentlydiscovered that Action Conveyancing have been shut down. They conducted my conveyancing in Alfreton for a purchase of a leasehold apartment 18 months ago. How can I check that my home is not still registered in the name of the previous owner?
The quickest way to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Alfreton conveyancing specialists.
How does conveyancing in Alfreton differ for newly converted properties?
Most buyers of new build residence in Alfreton come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is completed. This is because builders in Alfreton typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Alfreton or who has acted in the same development.
I need to instruct a conveyancing lawyer in Alfreton for my purchase. Can I check a firm’s record with the legal regulator?
One may read presented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA may monitor call for training purposes.
What are your top tips when it comes to finding a Alfreton conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Alfreton conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with several firms including non Alfreton conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:
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Can they put you in touch with clients in Alfreton who can give a testimonial?
I acquired a 1 bedroom flat in Alfreton, conveyancing was carried out in 2003. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Alfreton with an extended lease are worth £227,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease comes to an end on 21st October 2096
With 71 years left to run we estimate the price of your lease extension to span between £9,500 and £11,000 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
I have finally had an offer on an maisonette in Alfreton accepted, the owner does nevertheless have a dependent purchase. The sellers have submitted an offer on somewhere, however it’s not been accepted yet, and are looking at other flats booked. I have instructed a nearby conveyancing solicitor in Alfreton. What should be my next step? At what point do I apply for the mortgage with HSBC?
It is understandable to have anxieties where there is an associated chain given your reluctance to incur expenses prematurely (home loan application is approx one thousand pounds, then valuation, Alfreton conveyancing search fees, etc). The first thing to do is ensure that your conveyancer is on the HSBC approved list. Concerning the next steps this very much dictated by the circumstances of your case, desire for this property and on the state of the market. During a rising market the majority of purchasers will apply for the mortgage with HSBC and pay for the survey and only if it comes back ok would they request their lawyer to proceed with searches.