We were just about to exchange contracts for a freehold house in Sherston. We encountered a stumbling block. Our loan offer with TSB runs out on 3/11/2025 but the owners are putting forward a completion date of 5/11/2025. Is it possible to prolong the loan expiry date?
The person best placed to deal with your issue is your solicitors who will hopefully determine whether they should be discussing with the bank, seller’s lawyers, estate agents or conceivably all parties given the circumstances your house move to date.
My bid for a property was accepted at auction in Sherston. Conveyancing is needed. What is next?
Now that you have exchanged you must instruct a conveyancing practitioner soon as you are facing a fast approaching a fixed date to complete the transaction. All auction property should have a corresponding legal pack. This will likely include evidence of title and search results. In the case of leasehold property the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You need to pass this on to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are in place to complete on the on the contractual date .
The formalities of my remortgage has taken place for my property in Sherston. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
Leeds Building Society have agreed my home loan in principle, my bid on a apartment in Sherston has been agreed to, now what?
The property agent will wish to know who your solicitors are (be sure the conveyancers are on the lender’s approved list). Contact Leeds Building Society or the broker and finalise any outstanding paperwork. Leeds Building Society will instruct a valuer who will get in touch with the estate agent or seller to book a time for the valuation to occur. Once carried out (assuming no problems) it takes about a fortnight to get a mortgage offer. Leeds Building Society will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Sherston.
I'm buying a new build house in Sherston benefiting from help to buy. The sellers refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not to tell my solicitor about this deal as it will put at risk my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My company is planning to lease a unit on the high street. Can you recommend conveyancers offering competitive fees for commercial conveyancing in Sherston for less than £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Sherston, including the sale and acquisition of businesses as well as simply property. Whether you are intending to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right firm. As for the fees these will vary based on the structure and nuances of the deal. Please provide us with your contact information or telephone so as to enable us to furnish you with a fixed commercial conveyancing calculation.
Should I instruct a Sherston conveyancing solicitor based in the vicinity that I am hoping to buy? I have an old university friend who can perform the conveyancing however his firm is located approximately 350miles away.
The primary upside of using a high street Sherston conveyancing firm is that you can pop in to execute documents, present your identification documents and apply pressure on them if necessary. Having local Sherston know how is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were happy that must trump using an unknown Sherston conveyancing lawyer just because they are round the corner.
I own a leasehold flat in Sherston. Conveyancing and National Westminster Bank mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Sherston who acted for me is not around. Any advice?
First contact HMLR to make sure that this person is in fact the new freeholder. It is not necessary to incur the fees of a Sherston conveyancing solicitor to do this as it can be done on-line for £3. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a basement flat in Sherston, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Similar properties in Sherston with over 90 years remaining are worth £206,000. The ground rent is £45 yearly. The lease terminates on 21st October 2091
With only 66 years left to run the likely cost is going to be between £12,400 and £14,200 as well as legals.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.