We are about to sign contracts for a leasehold flat in Burghfield Common. We encountered a problem. Our mortgage offer with Clydesdale expires on 6/11/2025 but the owners are putting forward a completion date of 10/11/2025. Can one extend the loan offer?
The best person to deal with your issue is your solicitors who should assess if he or she is better off negotiating with the lender, vendor’s solicitors, selling agents or possibly all three given what has gone on in your house move to date.
In what way does my ID and proof of funds have anything to do with my conveyancing in Burghfield Common? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the identification documents of the person or body they are dealing with prior to agreeing to accepting their conveyancing business. The Terms of Engagement that you are required to sign will no doubt confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you are unwilling to supply identification documents, your solicitor will not be able to take you on as a client.
We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would much rather instruct a Burghfield Common based conveyancing firm?
Do check but the the likelihood is that give you one of their panel solicitors where you take up the "fee-free" incentive. Call the bank to see if they make available a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Burghfield Common.
I am looking into buying my first house which is in Burghfield Common and I am already nervous. I couldn't find anything specific about Burghfield Common. Conveyancing will be needed in due course but do you know about the Burghfield Common area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Burghfield Common. In the meantime here are some basic statistics that we found
In my capacity as executor for the will of my uncle I am selling a house in Monmouth but reside in Burghfield Common. My lawyer (approximately 235 kilometers from meneeds me to sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing practitioner in Burghfield Common to attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are Burghfield Common based
I've recently bought a leasehold house in Burghfield Common. Am I liable to pay service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a basement flat in Burghfield Common, conveyancing having been completed January 1998. How much will my lease extension cost? Corresponding flats in Burghfield Common with a long lease are worth £195,000. The ground rent is £45 per annum. The lease comes to an end on 21st October 2088
With 63 years remaining on your lease the likely cost is going to be between £16,200 and £18,600 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.