We are about to exchange contracts for a freehold house in Cranfield. We encountered a stumbling block. Our loan offer with The Royal Bank of Scotland expires on 20/11/2026 but the owners are suggesting a completion date of 24/11/2026. Can one extend the mortgage expiry date?
The person best placed to deal with your question is your conveyancer who is in a position to determine if they corresponding with the lender, seller’s lawyers, estate agents or conceivably all parties based on the history of your conveyancing to date.
I purchased a semi-detached Edwardian property in Cranfield. Conveyancing practitioner represented me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Cranfield and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing practitioner who conducted the purchase.
The estate agent has sent us the confirmation of our purchase of a new build flat in Cranfield. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Cranfield
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision.
I decided to have a survey done on a house in Cranfield in advance of retaining lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies will not give a loan on such a premises.
It varies from the lender to lender. HSBC has different requirements from Halifax. If you e-mail us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Cranfield. Conveyancing may be slightly more expensive based on your lender's requirements.
How do I use your search tool to choose a conveyancing lawyer in Cranfield on the panel for my mortgage?
1st select a lender such as Santander, The Royal Bank of Scotland or Barclays Direct then choose your preferred area for example Cranfield. Conveyancing practices in Cranfield and nationally will then be listed.
Having had my offer accepted I require leasehold conveyancing in Cranfield. Before diving in I would like to find out the remaining lease term.
Assuming the lease is recorded at the land registry - and most are in Cranfield - 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.
Cranfield Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing
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Most Cranfield leasehold apartments will have a service charge for the upkeep of the block invoiced on behalf of the freeholder. If you purchase the flat you will have to pay this contribution, usually in instalments accross the year. This may be anything from a couple of hundred pounds to thousands of pounds for buildings with lifts and large common areas. There will also be a rentcharge for you to pay annual, this is usually not a large figure, say approximately £50-£100 but you need to check as occasionally it could be surprisingly expensive. How many of the leaseholders are in arrears for their service charge payments? On the whole the cost for major works tend not to be wrapped into the service charges, although a few managing agents in Cranfield require tenants to pay into a reserve fund and this is used to offset against larger works.