We were just about to exchange contracts for a ground floor flat in Clophill. We encountered a problem. Our mortgage offer with Nationwide Building Society runs out on 6/11/2025 but the sellers are insisting on a completion date of 10/11/2025. Is it possible to extend the mortgage offer?
The best person to address this question is your lawyer who will hopefully assess if they should be discussing with the mortgage broker, seller’s lawyers, estate agents or conceivably all parties based on the circumstances your house move as of today.
This question may be naive but I am new to the process as FTB of a ground floor flat in Clophill. Do I pick up the keys to the house on completion from my conveyancer? If this is the case, I will instruct a High Street conveyancing solicitor in Clophill?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the purchase money to the owner’s conveyancers, and once they have received this, you will be called to receive the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
How can we know in advance if a Clophill conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Clophill seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor carrying out your conveyancing.
After shopping around on the internet I have found a Clophill lawyer having checked that they are on the Nottingham conveyancing panel. Does my lawyer arrange the survey of the property?
Nottingham will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nottingham will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Clophill surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
The estate agent has sent us the confirmation of our purchase of a new build flat in Clophill. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Clophill
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Please supply a car parking plan. Please confirm the Lease plans are architect prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. There must be mutual enforceability of lessee’s covenants. 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.
I need to instruct a conveyancing solicitor for freehold conveyancing in Clophill. I have stumble across a site which appears to be the perfect offering If it is possible to get all formalities done via email that would be ideal. Do I need to be wary? What should out be looking out for?
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 attracted to a couple of apartments in Clophill both have about fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Clophill. The lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease gets shorter the marketability of the lease reduces and results in it becoming more expensive to acquire a lease extension. This is why it is advisable to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We recommend you seek professional help from a conveyancer and surveyor with experience in this area.
I own a split level flat in Clophill, conveyancing having been completed in 2007. Can you work out an approximate cost of a lease extension? Equivalent flats in Clophill with a long lease are worth £211,000. The average or mid-range amount of ground rent is £50 yearly. The lease expires on 21st October 2093
With just 68 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on 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 concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
There are plenty of houses in Clophill on private roads. My husband and I are purchasing one such property. What would be the pros and cons of purchasing a property on a privately owned road?
Clophill conveyancing practices are familiar with dealing propertieson private. The lawyer will review the title to find any rights or responsibilities. It is possible that there is a management company (wholly owned by residents) that owners make annual contributions to maintain the road. If one exists, the road should be maintained and look better than publicly owned.