We were just about to sign contracts for a garden flat in Buckinghamshire. We have hit a snag. The mortgage offer with Coventry Building Society expires on 27/8/2025 but the sellers are putting forward a completion date of 29/8/2025. Can one extend the loan offer?
The person best placed to address this issue is your lawyer who is in a position to calculate whether they better off negotiating with the lender, owner’s representatives, selling agents or possibly all three based on the circumstances your house move as of today.
I own a freehold property in Buckinghamshire but nevertheless charged rent, why is this and what is this?
It is rare for properties in Buckinghamshire and has limited impact for conveyancing in Buckinghamshire 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 many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old 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 dispensed with completely.
My partner and I are intent on selling our property in Buckinghamshire and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers instructed a web based conveyancing firm rather than a conveyancing solicitor in Buckinghamshire. We have lived in Buckinghamshire for 4 years we know that this is a non issue. Is it a good idea to contact our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
It has been 2 months following my purchase conveyancing in Buckinghamshire concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a flat up to £195,000 and found one close by in Buckinghamshire I like with amenity areas and railway links in the vicinity, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Buckinghamshire in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
I am searching for Buckinghamshire online conveyancing estimates. Can I be assured that all the Buckinghamshire practices that are identified on your website are on the lender conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Buckinghamshire conveyancing solicitor being on the bank conveyancing panel is incorrect.