We were just about to exchange contracts for a garden flat in Mansfield Woodhouse. We encountered a problem. Our loan offer with Nottingham Building Society runs out on 15/12/2025 but the owners are insisting on a completion date of 17/12/2025. Is it possible to prolong the mortgage expiry date?
The best person to address this question is your lawyer who will hopefully calculate if he or she is corresponding with the lender, vendor’s lawyers, selling agents or conceivably all parties taking into account the history of your house move to date.
It is 10 years ago since I acquired my property in Mansfield Woodhouse. Conveyancing solicitors have now been retained on the sale but I am unable to locate the deeds. Is this a problem?
Don’t worry too much. First there is a possibility that the deeds will be kept by your lender or they could still be with the solicitor who oversaw your purchase. Secondly in most cases the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining up to date copy of the land registers. The vast majority of conveyancing in Mansfield Woodhouse relates to registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
The estate agent has sent us the confirmation of our purchase of a new build flat in Mansfield Woodhouse. Conveyancing is a frightening process 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 conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Mansfield Woodhouse
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
My husband and I are new to the buying process - agreed a price, but the estate agent informed us that the seller will only issue a contract if we instruct the agent's chosen conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a family conveyancer used to conveyancing in Mansfield Woodhouse
It is improbable the sellers are behind this. Should the owner require ‘a quick sale', alienating a serious purchaser is is going to put the whole deal at risk. Try to communicate with the owners directly and make the point that (a)you are genuine buyers (b)you are ready to go, with finances arranged © you are unencumbered (d) you wish to move quickly (e)but you are going to instruct your own,trusted Mansfield Woodhouse conveyancing solicitors - as opposed tothe ones that will provide their estate agent a kickback or meet his conveyancing figures pre-set by corporate headquarters.
We expect to complete the sale of our £275,000 apartment in Mansfield Woodhouse in just under a week. The managing agents has quoted £312 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in Mansfield Woodhouse?
Mansfield Woodhouse conveyancing on leasehold apartments often requires the purchaser’s lawyer sending enquiries for the landlord to answer. Although the landlord is under no legal obligation to address such questions most will be willing to assist. They are entitled to charge a reasonable administration fee for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some cases it exceeds £800. The administration charge required by the landlord must be sent together with a synopsis of rights and obligations in relation to administration charges, otherwise the charge is not strictly payable. In reality you have no option but to pay whatever is requested of you if you want to complete the sale of your home.
I own a garden flat in Mansfield Woodhouse, conveyancing having been completed February 1999. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Mansfield Woodhouse with a long lease are worth £185,000. The ground rent is £65 yearly. The lease expires on 21st October 2086
You have 61 years unexpired we estimate the price of your lease extension to be between £18,100 and £20,800 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.
My conveyancing in Mansfield Woodhouse is completing next Friday, but the couple I am buying off has asked to vacate 24 hours later at PM. Should I accept such a plan?
In situations where you are having a loan then your solicitor will insist that the property isvacant on Friday - the mortgage company will compel it.