We are a couple about to exchange contracts for a garden flat in Caister On Sea. We encountered a snag. The loan offer with Nationwide Building Society expires on 2/1/2026 but the owners are insisting on a completion date of 6/1/2026. Can one extend the loan expiry date?
The best person to deal with your concern is your solicitors who will hopefully calculate whether he or she is better off negotiating with the lender, vendor’s lawyers, selling agents or possibly all three given what has gone on in your house move as of today.
Just bought a detached house in Caister On Sea , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Caister On Sea conveyancing solicitor works at snail pace, so I want to be sure that my name is recorded.
There is nothing unique when it comes to conveyancing in Caister On Sea registration formalities. Rather than based on location, timescales can vary depending on the party submitting the application, whether there are errors and whether the Land registry have to notify any interested parties. Currently approximately three quarters of such applications are fully dealt with within two weeks but occasionally there can be longer delays. Registration takes place once the purchaser is living at the property thus post completion formalities is not typically an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for an expedited registration.
I have been on the look out for a flat up to £195,000 and identified one close by in Caister On Sea I like with amenity areas and transport links nearby, however it only has 61 remaining years left on the lease. I can't really find anything else in Caister On Sea in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan that many years will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
I need to find a conveyancing solicitor for purchase conveyancing in Caister On Sea. I've chance upon a site which looks to be the ideal answer If there is a chance to get all the legals done via email that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am on look out for some leasehold conveyancing in Caister On Sea. Before diving in I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and most are in Caister On Sea - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a leasehold flat in Caister On Sea, conveyancing was carried out in 2003. 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? Equivalent flats in Caister On Sea with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 per annum. The lease ceases on 21st October 2091
With just 66 years unexpired the likely cost is going to span between £11,400 and £13,200 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.
I recently discovered that one of the partners of the conveyancing practice undertaking the purchase conveyancing in Caister On Sea is a relative of the seller. Is this allowed?
As long as no conflict arises this is allowable. If you are requiring a mortgage then the lender may have a say as many mortgage companies have specific instructions on this. For example for Skipton Building Society as of 1/11/2025, the requirements read as follows :