We are a couple about to sign contracts for a freehold house in Marlow. We encountered a stumbling block. Our loan offer with Santander runs out on 22/4/2025 but the vendors are putting forward a completion date of 24/4/2025. Is it possible to prolong the loan offer?
The best person to deal with your concern is your conveyancer who should assess if he or she is should be discussing with the lender, seller’s conveyancers, estate agents or conceivably all three taking into account the circumstances your transaction as of today.
We are planning to acquire a property and require a conveyancing solicitor in Marlow who is on the Yorkshire BS conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Marlow.
Should commercial conveyancing searches disclose planned roadworks that may affect a commercial premises in Marlow?
Its becoming the norm that commercial conveyancing solicitors in Marlow will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Marlow. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Marlow.
For each commercial conveyancing transaction in Marlow it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Marlow commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Marlow.
Due to the guidance of my in-laws I had a survey completed on a property in Marlow in advance of instructing solicitors. I have been advised that there is a flying freehold element to the house. My surveyor advised that some mortgage companies may not issue a mortgage on this type of premises.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Marlow. Conveyancing may be slightly more expensive based on your lender's requirements.
How simple is it to use the search facility to locate a conveyancing lawyer in Marlow on the approved list for my bank?
Step one is to pick a bank such as HSBC Bank, The Royal Bank of Scotland or Nottingham Building Society then type in your location for instance Marlow. Conveyancing organisations in Marlow and beyond will then be listed.
I've found a house that seems to be perfect, at a great price which is making it more attractive. I have just discovered that the title is leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in Marlow. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
Most houses in Marlow are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Marlow in which case you should be looking for a Marlow conveyancing practitioner and check that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’spermission to conduct alterations. You may also be required to pay a contribution towards the upkeep of the estate where the property is part of an estate. Your lawyer will appraise you on the various issues.
Marlow Leasehold Conveyancing - Sample of Questions you should ask before Purchasing
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Make sure you discover if the the lease includes any adverse restrictions in the lease. For example it is very common in Marlow leases that pets are not permitted in certain buildings in Marlow. If you like the propertyin Marlow yet your cat can’t live with you then you will be faced difficult compromise. Where a Marlow lease has no more than 80 years it will impact the salability of the apartment. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease at some point and it is worth discovering how much this would cost. Remember, in most cases you will need to own the premises for 24 months before you are entitled to extend the lease. It would be wise to discover as much as you can concerning the company managing the building as they can either make living at the property much simpler or problematic. As the proprietor of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to practical matters such as the cleanliness of the communal areas. Ask prospective neighbours what they think of their service. On a final note, find out the dates that the service charges are due to the relevant party and precisely what you get for your money.