We are about to sign contracts for a ground floor flat in Goodrich. We encountered a problem. Our mortgage offer with Accord Mortgages Ltd runs out on 28/3/2025 but the owners are putting forward a completion date of 1/4/2025. Can one prolong the loan offer?
The best person to deal with your question is your conveyancer who will hopefully calculate if he or she is better off negotiating with the lender, owner’s representatives, selling agents or possibly all parties given what has happend in your house move as of today.
Me and my brother have a semi-detached Victorian house in Goodrich. Conveyancing practitioner acted for me and Britannia. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be 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 Goodrich and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing solicitor who conducted the conveyancing.
How does conveyancing in Goodrich differ for new build properties?
Most buyers of new build residence in Goodrich come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Goodrich typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Goodrich or who has acted in the same development.
Given that I am about to spend £400,000 on a two bedroom apartment in Goodrich I would like to have a conversation with the lawyer regarding thehouse move prior to giving the go ahead to the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer who will be doing your conveyancing in Goodrich.There is no ‘factory style conveyancing’ - each client is an important person, not a matter reference. The practices that we put you in touch with believe that the fees you are quoted for residential conveyancing in Goodrich should be the figure that you are charged.
My step-father has recommend that I appoint his conveyancing solicitors in Goodrich. Should I use them?
Much as we are happy to recommend a Goodrich conveyancing lawyer the ideal way to choose a conveyancing solicitor is to have referrals from friends or family who have actually previously instructed the conveyancer that you are considering.
What advice can you give us when it comes to finding a Goodrich conveyancing firm to deal with our lease extension?
When appointing a conveyancer for lease extension works (regardless if they are a Goodrich conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Goodrich conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
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What volume of lease extensions has the firm carried out in Goodrich in the last year? Can they put you in touch with clients in Goodrich who can give a testimonial?
I bought a 1st floor flat in Goodrich, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Goodrich with over 90 years remaining are worth £202,000. The ground rent is £60 levied per year. The lease expires on 21st October 2081
You have 56 years remaining on your lease we estimate the price of your lease extension to range between £29,500 and £34,000 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 cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.