We are about to sign contracts for a freehold house in Hathern. We encountered a problem. Our mortgage offer with Alliance & Leicester expires on 12/2/2026 but the vendors are putting forward a completion date of 16/2/2026. Can one extend the loan expiry date?
The person best placed to address this issue is your conveyancer who is in a position to calculate whether he or she is corresponding with the bank, owner’s lawyers, estate agents or possibly all three based on the history of your conveyancing as of today.
My lawyer in Hathern has never been on on the Britannia Approved Panel. Is it possible for me to retain my prefered solicitor even though they are not on the Britannia approved list?
The limited options open to you here include:
- Complete the purchase with your preferred Hathern lawyers but Britannia will need to retain a solicitor on their list of acceptable firms. This will result in additional total legal charges as well as result in frustration.
- Find an alternative practitioner to to deal with the conveyancing, remembering to check they are on the Britannia panel
Will commercial conveyancing searches disclose proposed roadworks that may affect a commercial premises in Hathern?
Its becoming the norm that commercial conveyancing solicitors in Hathern will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Hathern. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hathern.
For every commercial conveyancing transaction in Hathern it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Hathern commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Hathern.
I am buying my first flat in Hathern with the aid of help to buy. The developers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not to tell my lawyer about the extras as it may put at risk my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In my capacity as executor for the estate of my grandmother I am selling a property in Cardiff but reside in Hathern. My conveyancer (approximately 300 miles from mehas requested that I sign a stat dec prior to the transaction finalising. Could you suggest a conveyancing practitioner in Hathern who can attest this legal document for me?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are located in Hathern
I work for a long established estate agency in Hathern where we have witnessed a few leasehold sales derailed due to leases having less than 80 years remaining. I have received inconsistent advice from local Hathern conveyancing firms. Can you clarify whether the seller of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I own a 2 bed flat in Hathern, conveyancing having been completed March 2007. How much will my lease extension cost? Similar properties in Hathern with an extended lease are worth £192,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease finishes on 21st October 2079
With just 54 years unexpired the likely cost is going to range between £32,300 and £37,400 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.