We are about to sign contracts for a garden flat in Roker. We encountered a stumbling block. The mortgage offer with Lloyds TSB Bank expires on 1/9/2026 but the vendors are suggesting a completion date of 3/9/2026. Can one prolong the loan offer?
The person best placed to deal with your concern is your conveyancer who will determine whether he or she is better off negotiating with the lender, vendor’s solicitors, property agents or conceivably all parties given the history of your house move to date.
4 months have elapsed since my purchase conveyancing in Roker concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in Roker. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Roker
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There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. 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.
Due to the guidance of my in-laws I had a survey completed on a house in Roker prior to appointing solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies may refuse to give a loan on this type of property.
It varies from the lender to lender. HSBC has different requirements from Nationwide. If you call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Roker. Conveyancing will be smoother if you use a solicitor in Roker especially if they regularly deal with such properties in Roker.
What does commercial conveyancing in Roker cover?
Commercial conveyancing in Roker covers a broad array of services, offered by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
All being well we will complete the sale of our £325,000 garden flat in Roker on Wednesday in a week. The managing agents has quoted £300 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Roker?
Roker conveyancing on leasehold maisonettes typically necessitates administration charges raised by managing agents :
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Completing conveyancing due diligence enquiries
Where consent is required before sale in Roker
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Roker Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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The answer will be important as a) areas can cause problems in the building as the common areas may start to deteriorate if services remain unpaid b) if the leasehold owners have a dispute with the running of the building you will want to have all the details Generally speaking the cost for major works tend not to be included within service charges, although a few managing agents in Roker require tenants to contribute towards a reserve fund and this is used to offset against major repairs or maintenance.