We were just about to sign contracts for a semi detached house in Much Hadham. We encountered a stumbling block. Our loan offer with Halifax expires on 4/11/2025 but the sellers are putting forward a completion date of 6/11/2025. Is it possible to prolong the loan expiry date?
The best person to address this issue is your conveyancer who should assess whether he or she is better off negotiating with the lender, owner’s representatives, property agents or conceivably all parties given the history of your conveyancing as of today.
I am purchasing a flat and require a conveyancing solicitor in Much Hadham who is on the Leeds Building Society solicitor. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Leeds Building Society in certain locations such as Much Hadham. We dont recommend any particular firm.
My friend suggested that if I am purchasing in Much Hadham I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Much Hadham conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Much Hadham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Much Hadham Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Much Hadham Education with maps and statistics, Local Amenities and other useful data about Much Hadham.
How does conveyancing in Much Hadham differ for new build properties?
Most buyers of new build or newly converted property in Much Hadham approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is built. This is because developers in Much Hadham usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Much Hadham or who has acted in the same development.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great figure which is making it more attractive. I have since discovered that the title is leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Much Hadham. Conveyancing lawyers have are about to be instructed. Will they explain the issues?
Most houses in Much Hadham are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Much Hadham so you should seriously consider looking for a Much Hadham conveyancing practitioner and be sure that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example obtaining the landlord’sconsent to carry out alterations. It may be necessary to pay a contribution towards the upkeep of the communal areas where the property is part of an estate. Your solicitor will advise you fully on all the issues.
I purchased a ground floor flat in Much Hadham, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Much Hadham with an extended lease are worth £202,000. The ground rent is £60 levied per year. The lease ceases on 21st October 2081
You have 56 years left to run the likely cost is going to span between £29,500 and £34,000 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.
If instructed can a conveyancer remove a name from the title of my home in Much Hadham ?
Subtracting or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancer