We were just about to sign contracts for a semi detached house in Lymington. We encountered a stumbling block. Our loan offer with Aldermore runs out on 23/6/2025 but the sellers are insisting on a completion date of 25/6/2025. Is it possible to prolong the loan expiry date?
The best person to deal with your issue is your solicitors who will determine if he or she is should be discussing with the mortgage broker, seller’s solicitors, selling agents or conceivably all parties taking into account the circumstances your house move to date.
Have just purchased a repossessed house at auction in Lymington. Conveyancing is needed. What happens now?
Now that you have legally bound yourself to purchase you must find a conveyancing practitioner as a matter of urgency as you will have a pending deadline in which to complete the purchase. All auction property will ordinarily have an associated auction set of papers. This will include most,if not all of the paperwork that your lawyer requires. In the case of leasehold property the auction papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to leasehold premises. You need to give this to the conveyancer instructed by you as soon as possible. You also need to ensure that your finances are organised to complete on the on the contractual date .
How can we tell if a Lymington conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Lymington getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor carrying out your transaction.
I have paid off my mortgage with TSB. I assume I don't need a Lymington solicitor on the TSB panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
Should our lawyer be asking questions about flooding as part of the conveyancing in Lymington.
The risk of flooding is if increasing concern for conveyancers carrying out conveyancing in Lymington. Plenty of people will purchase a house in Lymington, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Solicitors are not qualified to impart advice on flood risk, however there are a numerous checks that may be carried out by the purchaser or on a buyer’s behalf which will figure out the risks in Lymington. The conventional set of completed inquiry forms sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the vendor to determine if the property has ever been flooded. In the event that the property has been flooded in past which is not revealed by the vendor, then a buyer may issue a compensation claim resulting from an incorrect response. A purchaser’s lawyers should also conduct an environmental report. This should reveal whether there is a recorded flood risk. If so, further inquiries should be initiated.
In what way can the Landlord & Tenant Act 1954 affect my commercial premises in Lymington and how can your lawyers assist?
The particular law that you refer to gives security of tenure to business tenants, giving them the dueness to apply to court for a new lease and continue in occupation at the end of an expired lease. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Lymington is one of our numerous areas of the UK in which our lawyers have offices
My father-in-law has suggested that I appoint his conveyancers in Lymington. Do I take his guidance?
No doubt it’s preferable to find a conveyancing lawyer is to have guidance from friends or relatives who have previously instructed the firm you're are thinking of instructing.
There are only 68 years unexpired on my flat in Lymington. I need to get lease extension but my freeholder is missing. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to locate the landlord. On the whole an enquiry agent may be helpful to carry out a search and prepare an expert document to be used as proof that the freeholder is indeed missing. It is wise to seek advice from a solicitor both on investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Lymington.
Lymington Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing
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The best form of lease arrangement is if the freehold title is in the ownership of the leaseholders. In this situation the tenants enjoy control and notwithstanding that a managing agent is often retained where it is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Is the freehold owned jointly by the tenants? Plenty Lymington leasehold properties will have a service bill for maintenance of the building invoiced by the management company. If you purchase the property you will have to meet this amount, normally quarterly during the year. This may differ from several hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge to be met annual, this is usually not a exorbitant figure, say around £50-£100 but you need to enquire as on occasion it can be prohibitively expensive.