We are a couple about to sign contracts for a freehold house in Potton. We encountered a problem. Our loan offer with TSB expires on 25/9/2026 but the owners are putting forward a completion date of 29/9/2026. Is it possible to prolong the mortgage offer?
The person best placed to deal with your question is your conveyancer who should calculate if he or she is better off negotiating with the bank, vendor’s representatives, property agents or conceivably all three given the history of your transaction to date.
About to purchase a new build apartment in Potton. Conveyancing is daunting 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 legal work.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Potton
-
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I opted to have a survey done on a property in Potton before instructing solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some lenders may refuse to issue a loan on a flying freehold property.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Potton. Conveyancing will be smoother if you use a solicitor in Potton especially if they are acquainted with such properties in Potton.
We're first time buyers - had an offer accepted, but the property agent informed us that the owners will only move forward if we instruct the agent's chosen solicitors as they want a ‘quick sale’. My instinct tells me that we should use a high street solicitor with experience of conveyancing in Potton
It is highly unlikely the owners are driving this. Should the seller desire ‘a quick sale', alienating a serious purchaser is not the way to achieve this. Bypass the agents and go straight to the sellers and explain that (a)you are motivated buyers (b)you are ready to go, with finances arranged © you are chain free (d) you wish to move quickly (e)however you will continue to use your preferred Potton conveyancing solicitors - not the ones that will give their estate agent a commission or meet his conveyancing thresholds demanded by HQ.
Jane (my partner) and I may need to rent out our Potton basement flat temporarily due to a new job. We used a Potton conveyancing firm in 2002 but they have since shut and we did not think at the time get any advice as to whether the lease allows us to sublet. How do we find out?
Notwithstanding that your previous Potton conveyancing lawyer is not around you can review your lease to check if it allows you to sublet the property. The rule is that if the deeds are non-specific, subletting is allowed. There may be a precondition that you need to seek consent from your landlord or other appropriate person before subletting. The net result is you not allowed to sublet without prior consent. Such consent must not not be unreasonably turned down. If your lease does not allow you to sublet you should ask your landlord for their consent.
Potton Conveyancing for Leasehold Flats - Examples of Questions you should ask before buying
-
What restrictions are contained in the Potton Lease? Make sure you discover if there is anything that is prohibited in the lease. For instance it is reasonably common in Potton leases that pets are not allowed in certain buildings in Potton. If you like the apartmentin Potton but your dog is not allowed to move with you then you will be presented with a hard choice. Are any of leasehold owners in dispute over their service charge liability?
The conveyancers undertaking our conveyancing in Potton has forwarded documents to review that indicate that the property is unregistered with epitome documents. Surely all property in Potton are registered?
It is unusual for premises in Potton to be unregistered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Potton conveyancing solicitors should be familiar with such matters but if any uncertainty prevails the conventional recommendation these days is for the seller’s conveyancer to register it first and then deal with the transfer to the buyer - this will have a domino effect to cause a protracted conveyancing.