We were just about to exchange contracts for a leasehold flat in Pewsey. We encountered a problem. Our loan offer with Coventry Building Society runs out on 18/12/2026 but the vendors are insisting on a completion date of 22/12/2026. Is it possible to extend the mortgage expiry date?
The best person to address this concern is your solicitors who should calculate whether they should be discussing with the lender, seller’s conveyancers, estate agents or indeed all three based on what has gone on in your transaction as of today.
Are there restrictive covenants that are commonly identified during conveyancing in Pewsey?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Pewsey. 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 have offered on a fortnight ago in what should have been a straight forward, chain free conveyancing. Pewsey is the location of the property. Can you shed any light on this issue?
Flying freeholds in Pewsey are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Pewsey you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Pewsey may decide 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.
In what way can the Landlord & Tenant Act 1954 affect my business premises in Pewsey and how can your lawyers assist?
The particular law that you refer to provides a safeguard to business lessees, giving them the right to make a request to court for a renewal tenancy and remain in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Pewsey is one of the numerous areas of the UK in which the firms we work with are located
Am I best advised to choose a Pewsey conveyancing solicitor who is local to the property I am purchasing? An old friend can execute the conveyancing however his firm is located 400kilometers drive away.
The primary upside of using a local Pewsey conveyancing firm is that you can pop in to execute documents, hand in your ID and pester them if necessary. They will also have local knowledge which is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and the majority were impressed that must surpass using an unknown Pewsey conveyancing solicitor just because they are Pewsey based.
Do I have to attend the offices of the lender conveyancing panel solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Pewsey so that I can attend their offices when needed.
Whereas this was necessary twenty years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Pewsey.