We are a couple about to exchange contracts for a freehold house in Kirby Muxloe. We encountered a snag. Our mortgage offer with Nationwide Building Society runs out on 27/5/2025 but the owners are putting forward a completion date of 29/5/2025. Can one prolong the loan expiry date?
The best person to deal with your concern is your conveyancer who is in a position to determine whether they should be discussing with the bank, seller’s lawyers, selling agents or indeed all three taking into account the history of your house move to date.
My brother-in-law has suggested I instruct a conveyancing solicitor in Kirby Muxloe. I I would like to check if they are on the Lloyds TSB Bank conveyancing panel. Can you advise?
The first thing to do is contact the solicitor and ask them whether they can act for the lender. Otherwise you should call Lloyds TSB Bank who may be able to assist.
Just had an offer accepted on a new build flat in Kirby Muxloe. 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 selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Kirby Muxloe
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I opted to have a survey carried out on a property in Kirby Muxloe in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some lenders may not issue a loan on this type of home.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Kirby Muxloe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kirby Muxloe to see if the conveyancing will be more expensive.
As co-executor for the will of my uncle I am disposing of a residence in Neath but reside in Kirby Muxloe. My solicitor (who is 300 miles awayrequires that I execute a stat dec prior to the transaction finalising. Could you suggest a conveyancing practitioner in Kirby Muxloe to witness this legal document for me?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are based in Kirby Muxloe
Expecting to exchange soon on a garden flat in Kirby Muxloe. Conveyancing solicitors assured me that they are sending me a report next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Kirby Muxloe should include some of the following:
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Your conveyancers should enable you to have an understanding of the building insurance requirements Setting out your rights in relation to the communal areas in the building.For example, does the lease contain a right of way over a path or staircase? if lease caters for for a slush account for major works? Does the lease prevent you from subletting the flat, or having a home office for business What options are available to the landlord where you have breached the provisions of the lease?
Kirby Muxloe Leasehold Conveyancing - Sample of Questions you should ask before buying
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It is important to be aware whether a new roof is being installed or some other major work is due in the foreseeable future that will be shared by the leaseholders and will dramatically increase the the maintenance fees or result in a one time invoice. Plenty Kirby Muxloe leasehold properties will incur a service bill for maintenance of the block set on behalf of the management company. Where you buy the apartment you will have to meet this amount, normally in instalments accross the year. This could be anything from a couple of hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a ground rent to be met annual, ordinarily this is not a large figure, say approximately £50-£100 but you need to check as on occasion it could be surprisingly expensive. What restrictions are contained in the Kirby Muxloe Lease?