We are a couple about to exchange contracts for a garden flat in Chipping Norton. We have hit a snag. Our mortgage offer with Coventry Building Society expires on 7/1/2025 but the owners are suggesting a completion date of 9/1/2025. Can one prolong the loan expiry date?
The person best placed to deal with your concern is your lawyer who will hopefully assess whether they should be discussing with the mortgage broker, owner’s solicitors, selling agents or possibly all parties based on the circumstances your transaction to date.
I am purchasing a property and need a conveyancing solicitor in Chipping Norton who is on the TSB approved. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for TSB in certain locations such as Chipping Norton. We dont recommend any particular firm.
My aunt informed me that in buying a property in Chipping Norton there could be various restrictions affecting the ability to carry out external changes to a property. Is this right?
There are anumerous of properties in Chipping Norton which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Chipping Norton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have been advised by my solicitor that lack of building regulations insurance is necessary on my purchase. What is the level of cover for Chipping Norton conveyancing?
The right level of lack of building regulations indemnity insurance should be dictated by who who your lender is. It would differ for example between Birmingham Midshires and Chelsea Building Society. Conveyancing solicitors as opposed to members of the public take out such policies.
Coventry BS have agreed my mortgage in principle, my bid on a house in Chipping Norton has been agreed to, what happens next?
The property agent will need to be advised as to your conveyancer's details (ensure that the property lawyers are on the lender’s approved list). Contact Coventry BS or your broker and complete any appropriate forms. Coventry BS will instruct a valuer who will get in contact with the estate agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes approximately a fortnight to get a mortgage offer. Coventry BS will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Chipping Norton.
I need some quick conveyancing in Chipping Norton as I have an ultimatum to complete in less than one month. Fortunately I do not require a mortgage. Can I decline from having conveyancing searches to save money and time?
If.Given you are not taking a mortgage you have the choice not to do searches although no law firm would suggest that you don't. With lots of history conveyancing in Chipping Norton the following are instances of what can show up and adversely impact market value: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
I am looking for a flat up to £195,000 and found one round the corner in Chipping Norton I like with a park and station in the vicinity, the downside is that it's only got 51 remaining years left on the lease. I can't really find anything else in Chipping Norton for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 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 and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
How does the Landlord & Tenant Act 1954 impact my commercial offices in Chipping Norton and how can you help?
The particular law that you refer to affords protection to business tenants, granting the legal entitlement to apply to court for a renewal tenancy and remain in occupation at the end of the lease term. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Chipping Norton is one of the hundreds of locations in which our lawyers have offices