We are about to exchange contracts for a leasehold flat in Seaford. We have hit a snag. Our mortgage offer with Barclays expires on 2/12/2025 but the vendors are putting forward a completion date of 4/12/2025. Can one prolong the mortgage expiry date?
The best person to address this concern is your conveyancer who will hopefully calculate if he or she is should be discussing with the mortgage broker, seller’s lawyers, selling agents or conceivably all three given the history of your conveyancing to date.
It is is a decade since I purchased my home in Seaford. Conveyancing lawyers have just been instructed on the sale but I am unable to track down my title documents. Is this a problem?
Don’t worry too much. First the deeds may be kept by your mortgage company or they could stored with the solicitor who oversaw your purchase. Secondly the likelihood is that the property will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. Nearly all conveyancing in Seaford relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is resolvable.
I need some expedited conveyancing in Seaford as I am under pressure to sign on the dotted line inside 3 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are not obtaining a home loan you have the choice not to have searches conducted although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Seaford the following are examples of what can be revealed and adversely affect future mortgageability: Enforcement Actions, Overdue Fees, Outstanding Grants, Road Schemes,...
Over the last few months I have been searching for a flat up to £195,000 and identified one close by in Seaford I like with amenity areas and station in the vicinity, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Seaford for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan the shortness of the lease will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
What does commercial conveyancing in Seaford cover?
Seaford conveyancing for business premises incorporates a wide array of guidance, supplied by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Am I better off to use a Seaford conveyancing solicitor in close proximity to the house I am hoping to buy? We have a good friend who can deal with the legal formalities but her office is 200miles drive away.
The benefit of a local Seaford conveyancing firm is that you can drop in to execute documents, present your identification documents and apply pressure on them where appropriate. They will also have local insight which is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and they were content that must surpass using an unknown Seaford conveyancing solicitor solely due to them being Seaford based.