We were just about to exchange contracts for a leasehold flat in Binfield. We encountered a snag. The loan offer with TSB runs out on 2/3/2026 but the owners are putting forward a completion date of 4/3/2026. Can one prolong the loan expiry date?
The best person to address this question is your solicitors who will hopefully determine if he or she is corresponding with the bank, vendor’s conveyancers, property agents or conceivably all parties given what has happend in your house move to date.
We're in Binfield, FTBs purchasing with a mortgage (lender is HSBC , and our lawyer is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Do commercial conveyancing searches reveal proposed roadworks that could affect a commercial premises in Binfield?
Many commercial conveyancing solicitors in Binfield will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Binfield. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Binfield.
For every commercial conveyancing transaction in Binfield it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can result in delays to Binfield commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Binfield.
Are there restrictive covenants that are commonly identified during conveyancing in Binfield?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Binfield. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Is it simple use the search tool to locate a conveyancing solicitor in Binfield on the approved list for my bank?
1st pick a mortgage company such as Nationwide Building Society, Bank of Scotland or Alliance & Leicester then type in your preferred area e.g. Binfield. Conveyancing practices in Binfield and across England and Wales will then be listed.
I have recently realised that I have Sixty One years unexpired on my flat in Binfield. I am keen to extend my lease but my freeholder is can not be found. What are my options?
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 lengthened by the magistrate. However, you will be required to prove that you have used your best endeavours to locate the landlord. In some cases an enquiry agent would be useful to try and locate and prepare an expert document which can be accepted by the court as evidence that the landlord can not be located. It is advisable to get professional help from a property lawyer both on devolving into the landlord’s absence and the application to the County Court overseeing Binfield.
I purchased a studio flat in Binfield, conveyancing formalities finalised 8 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Binfield with an extended lease are worth £191,000. The ground rent is £55 per annum. The lease finishes on 21st October 2078
With 53 years unexpired we estimate the premium for your lease extension to range between £27,600 and £31,800 as well as legals.
The figure above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.