We are about to sign contracts for a garden flat in Looe. We encountered a problem. Our mortgage offer with Nationwide Building Society runs out on 2/2/2026 but the vendors are suggesting a completion date of 4/2/2026. Is it possible to extend the loan offer?
The person best placed to deal with your question is your conveyancer who will hopefully assess if they corresponding with the mortgage broker, owner’s representatives, selling agents or indeed all parties given what has gone on in your conveyancing to date.
Are there restrictive covenants that are commonly identified as part of conveyancing in Looe?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Looe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Looe is where the house is located. Can you offer any guidance?
Flying freeholds in Looe are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Looe you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Looe may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Is it simple use the search app to locate a conveyancing solicitor in Looe on the panel for my lender?
Step one is to choose a mortgage company such as Yorkshire Building Society, Norwich and Peterborough Building Society or Clydesdale then specify your preferred area a common one being Looe. Conveyancing organisations in Looe and nationally will then be identified.
I need to instruct a conveyancing lawyer in Looe for my house move. Is it possible to see a solicitor's complaints history with the legal regulator?
Anyone may see documented Solicitor Regulator Association (SRA) decisions stemming from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The SRA may recorded telephone calls for training requirements.
I am a negotiator for a long established estate agent office in Looe where we have experienced a number of leasehold sales put at risk due to short leases. I have received conflicting advice from local Looe conveyancing firms. Can you clarify whether the seller of a flat can start the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to 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 has to be done before, or at the same time as completion of the disposal of the property.
An alternative approach is 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.
Leasehold Conveyancing in Looe - Sample of Queries Prior to buying
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The prefered form of lease structure is if the freehold interest is in the ownership of the leaseholders. In this arrangement the leaseholders have control and although a managing agent is frequently employed if it is bigger than a house conversion, the managing agent retained by the leaseholders. What is the maintenance charge and ground rent on the flat? Please note if it is fewer than eighty years it will impact the value of the property. Check with your bank that they are happy with remaining years on the lease. A short lease means that you will almost definitely need a lease extension at some point and it is worth finding out what this will be. Remember, in most cases you will be be obliged to have owned the premises for two years in order to be entitled to extend the lease.