We are a couple about to exchange contracts for a property in Cookley. We encountered a problem. Our mortgage offer with The Royal Bank of Scotland runs out on 29/12/2025 but the sellers are suggesting a completion date of 31/12/2025. Can one extend the loan offer?
The best person to address this issue is your conveyancer who should calculate if he or she is should be discussing with the mortgage company, owner’s representatives, estate agents or conceivably all parties given what has gone on in your conveyancing to date.
It is a dozen years since I purchased my home in Cookley. Conveyancing solicitors have recently been instructed on the sale but I am unable to find my title deeds. Will this cause complications?
You need not be too concerned. First there is a chance that the deeds will be retained by the lender or they could be in the possession of the solicitor who oversaw your purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Nearly all conveyancing in Cookley relates to registered property but in the rare situation where your home is unregistered it is more problematic but is not insurmountable.
I require fast conveyancing in Cookley as I am faced with pressure to exchange contracts inside one month. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not getting a mortgage you are at free not to do searches although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Cookley the following are examples of what can appear and therefore affect future mortgageability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Unadopted Roads,...
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Cookley is the location of the property. Can you shed any light on this issue?
Flying freeholds in Cookley are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cookley you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cookley may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
As co-executor for the will of my grandfather I am selling a property in Newport but I am based in Cookley. My lawyer (who is 300 kilometers from mehas requested that I execute a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Cookley who can witness and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are based in Cookley
I have just started marketing my basement apartment in Cookley. Conveyancing is yet to be initiated, but I have recently received a quarterly service charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is pay the service charge as usual because all ground rent and service invoices will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Cookley Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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The best form of lease structure is where the freehold reversion is in the ownership of the leaseholders. In this scenario the tenants enjoy being in charge if their destiny and although a managing agent is frequently retained if it is larger than a house conversion, the managing agent acts for the leaseholders themselves. The answer will be useful as a) areas may result in problems in the block as the communal areas may start to deteriorate where maintenance are not paid for b) if the leasehold owners have a dispute with the managing agents you will want to have all the details