We are about to sign contracts for a semi detached house in Bidford On Avon. We encountered a problem. The mortgage offer with Bank of Ireland expires on 7/4/2026 but the vendors are putting forward a completion date of 9/4/2026. Can one prolong the loan expiry date?
The person best placed to deal with your concern is your lawyer who should determine whether they corresponding with the mortgage company, vendor’s representatives, property agents or possibly all three given the history of your house move as of today.
I am the registered owner of a freehold premises in Bidford On Avon but still pay rent, why is this and what is this?
It’s unusual for properties in Bidford On Avon and has limited impact for conveyancing in Bidford On Avon but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
The estate agent has sent us the confirmation of our purchase of a new build flat in Bidford On Avon. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Bidford On Avon
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Please confirm the Lease plans are architect prepared. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants.
I opted to have a survey done on a property in Bidford On Avon before retaining lawyers. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some banks may not grant a loan on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bidford On Avon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bidford On Avon to see if the conveyancing costs will increase in light of this.
Taking into account that I will soon part with over three hundred thousand on a garden flat in Bidford On Avon I would like to have a conversation with the solicitor concerning thehouse move in advance of appointing the firm. Can this be arranged?
We could not agree more - we would be happy to talk to you we do not take any clients on without you speaking to the conveyancer due to be carrying out your property ownership legalities in Bidford On Avon.There is no ‘factory style conveyancing’ - each client is unique person, not a file reference. The practices that we put you in touch with believe that the fees you are provided with for your conveyancing in Bidford On Avon should be the amount on the final invoice that you end up paying.
We are hoping to acquire a repression house in Bidford On Avon and the mortgagee in possession would like to complete within a week. Do lawyers complete in this timeframe? Would it be better to instruct a high street Bidford On Avon firm or an online company that professes to complete quickly?
Attend your Bidford On Avon shopping parade. Pop in to two or three companies and ask to see a conveyancing solicitor for an estimate. Explain your requirements and try and obtain a commitment on speed. Appoint the one that seems most genuine. You need to select a lawyer on the list of property lawyers who can act for your lender.