We are a couple about to exchange contracts for a leasehold flat in Box. We have hit a problem. The loan offer with Skipton Building Society expires on 30/3/2026 but the vendors are putting forward a completion date of 1/4/2026. Can one extend the loan expiry date?
The person best placed to address this question is your solicitors who will hopefully assess if he or she is better off negotiating with the mortgage broker, seller’s representatives, property agents or indeed all three based on the circumstances your conveyancing to date.
Are the BSA intent on creating a searchable register to list solicitors on the Melton Mowbray Building Society conveyancing panel for example in Box?
We would not expect to be advised of any plans on the part of the BSA to promote such a tool.
About to purchase a new build flat in Box. Conveyancing is daunting 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.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Box
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. There must be mutual enforceability of lessee’s covenants.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Box I like with open areas and railway links in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Box for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan the shortness of the lease may be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
What does commercial conveyancing in Box cover?
Box conveyancing for business premises incorporates a wide array of services, supplied by qualified solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Am I better off to go with a Box conveyancing practitioner based in the location that I am hoping to buy? We have a good friend who can handle the conveyancing however they are based over three hundred kilometers drive away.
The primary upside of using a local Box conveyancing practice is that you can drop in to execute documents, present your ID and pester them if necessary. They will also have local knowledge which is a plus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were impressed that must outweigh using an unfamiliar Box conveyancing lawyer solely due to them being round the corner.