We were just about to sign contracts for a semi detached house in Highcliffe. We encountered a stumbling block. Our mortgage offer with Platform Home Loans Ltd runs out on 10/11/2025 but the vendors are suggesting a completion date of 12/11/2025. Can one prolong the mortgage expiry date?
The best person to address this concern is your lawyer who will hopefully calculate if they better off negotiating with the lender, seller’s solicitors, property agents or indeed all three taking into account the circumstances your house move as of today.
Is there a reason why leasehold purchase conveyancing in Highcliffe costs more?
In summary, leasehold conveyancing in Highcliffe and Dorset usually necessitates more hours of investigation compared to freehold conveyancing. This includes reviewing the lease, liaising with the landlord about serving appropriate notices, securing current service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
I have been recommended a conveyancing solicitor in Highcliffe. I I am struggling to find out if they are on the Nottingham Building Society approved list of lawyers. Can you or the lender confirm if they are on the panel?
The first thing to do is phone your lawyer and enquire if they are on the lender panel. Otherwise you should get in touch with Nottingham Building Society who may be able to assist.
Should our solicitor be raising questions about flooding during the conveyancing in Highcliffe.
The risk of flooding is if increasing concern for lawyers carrying out conveyancing in Highcliffe. There are those who acquire a house in Highcliffe, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to impart advice on flood risk, but there are a number of searches that may be initiated by the buyer or on a buyer’s behalf which can figure out the risks in Highcliffe. The conventional set of completed inquiry forms given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual question of the owner to determine whether the premises has suffered from flooding. If the premises has been flooded in past and is not revealed by the owner, then a buyer could issue a claim for damages resulting from an misleading response. The purchaser’s lawyers should also order an environmental report. This should reveal if there is a recorded flood risk. If so, further inquiries will need to be carried out.
I'm buying my first flat in Highcliffe with the aid of help to buy. The developers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not reveal to my lawyer about this side-deal as it may affect my mortgage with the bank. Should I keep quiet?.
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.
I wish to sublet my leasehold flat in Highcliffe. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
A lease dictates relations between the landlord and you the flat owner; in particular, it will indicate if subletting is banned, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is permitted. The majority of leases in Highcliffe do not contain subletting altogether – such a clause would undoubtedly devalue the flat. In most cases there is simply a requirement that the owner notifies the freeholder, possibly supplying a copy of the tenancy agreement.
Highcliffe Leasehold Conveyancing - A selection of Questions you should ask before Purchasing
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The majority of Highcliffe leasehold apartments will incur a service bill for maintenance of the block set by the landlord. If you purchase the flat you will have to pay this liability, usually periodically accross the year. This can be anything from two or three hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a rentcharge to be met yearly, this is usually not a large figure, say approximately £25-£75 but you need to enquire as on occasion it could be many hundreds of pounds. Is there a share of the freehold? Is anyone aware of any major works in the planning that will likely add a premium to the maintenance charges?