We are a couple about to sign contracts for a freehold house in Bedlington. We have hit a problem. Our mortgage offer with Skipton Building Society expires on 11/2/2025 but the owners are putting forward a completion date of 13/2/2025. Is it possible to prolong the mortgage offer?
The person best placed to deal with your issue is your lawyer who is in a position to determine whether he or she is should be discussing with the mortgage broker, owner’s solicitors, property agents or possibly all three taking into account the history of your conveyancing as of today.
As I am unsure how the conveyancing process works what is the most important advice you can impart concerning purchase conveyancing in Bedlington?
You may not hear this from too many lawyers but conveyancing in Bedlington or throughout England and Wales is an adversarial process. In other words, when it comes to conveyancing there is plenty of room for friction between you and others involved in the transaction. For example, the vendor, estate agent and sometimes your mortgage company. Choosing a solicitor for your conveyancing in Bedlington is a critical decision as your conveyancer is your adviser, and is the SOLE person in the process whose interest is to protect your best interests and to protect you.
Sometimes a third party with a vested interest will try and sway you that you should follow their advice. For example, the property agent may claim to be helping by claiming that your solicitor is slow. Or your mortgage broker may tell you to do something that is against your solicitors guidance. You should always trust your lawyer above all other parties in the home moving process.
My business partner and I are looking to lease a unit on the high street. Can you recommend solicitors offering no-move-no costs for commercial conveyancing in Bedlington for under £1,200?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Bedlington, including the sale and purchase of businesses as well as simply premises. Whether you are intending to buy or sell a shop, pub, restaurant, office, retail premises or a complete business we can find you the right firm. Regarding the costs this will depend on the structure and heads of terms of the deal. Please provide us with your details or email us so that we may furnish you with a detailed commercial conveyancing calculation.
I need to instruct a conveyancing solicitor in Bedlington for my house move. Is it possible to see a firm’s record with the profession’s regulator?
Members of the public may find presented Solicitor Regulator Association (SRA) decisions resulting from investigations started on or after 1 January 2008. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The SRA could monitor call for training requirements.
I am tempted by the attractive purchase price for a two flats in Bedlington which have about 50 years left on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the premises for a period of time. As a lease gets shorter the value of the lease reduces and results in it becoming more expensive to acquire a lease extension. For this reason it is generally wise to extend the lease term. It is often difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We recommend you get professional help from a conveyancer and surveyor with experience in this area.
I invested in buying a garden flat in Bedlington, conveyancing formalities finalised in 2012. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Bedlington with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 yearly. The lease expires on 21st October 2093
With just 69 years left to run we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
Is it true that a Bedlington conveyancing firm has court proceedings brought against them by clients for failing to conduct the right conveyancing investigations?
We are not aware of such a Bedlington conveyancing claim but it has been reported that, clients purchasing a house in Cumbria successfully won a case against their conveyancer due to development permission to construct a wind farm not being picked up in conveyancing searches.
Where you are purchasing in Bedlington It is essential that your conveyancing practitioner purchase all Bedlington conveyancing searches required to ensure you have accurate and current information before acquiring a property.