We were just about to exchange contracts for a property in Shipley. We have hit a stumbling block. The loan offer with The Mortgage Works expires on 22/9/2025 but the owners are suggesting a completion date of 24/9/2025. Is it possible to prolong the loan offer?
The best person to address this issue is your conveyancer who should assess whether they corresponding with the mortgage company, vendor’s solicitors, estate agents or possibly all three based on the history of your conveyancing to date.
My brother-in-law has suggested I instruct a conveyancing solicitor in Shipley. I need to find out if they are accepted on the Clydesdale conveyancing panel. Could you advise?
You should e-mail the lawyer and enquire if they are on the lender panel. Otherwise you can get in touch with Clydesdale who may be able to confirm.
About to purchase a new build apartment in Shipley. Conveyancing is necessary evil 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 conveyancing.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Shipley
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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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. 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?
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Shipley is the location of the property. Is there any advice you can give?
Flying freeholds in Shipley are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shipley you would need to get your solicitor to go 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 Shipley may determine 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.
My husband and I are novice buyers - had an offer accepted, yet the property agent told us that the seller will only move forward if we appoint the agent's chosen lawyers as they are insisting on an ‘expedited deal’. We would rather use a high street solicitor who is accustomed to conveyancing in Shipley
It is improbable the sellers are behind this. If they want ‘a quick sale', turning down a serious purchaser is going to damage their objectives. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are motivated purchasers (b)you are ready to go, with finances in place © you are chain free (d) you intend to proceed fast (e)but you are going to instruct your own,trusted Shipley conveyancing firm - as opposed tothose that will earn their negotiator at the agency a introducer fee or meet his conveyancing figures demanded by senior management.
I am employed by a long established estate agency in Shipley where we see a few leasehold sales derailed as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Shipley conveyancing firms. Could you confirm whether the vendor of a flat can instigate the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Leasehold Conveyancing in Shipley - Sample of Queries Prior to buying
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The answer will be helpful as a) areas could result in problems for the building as the communal areas may start to deteriorate if repairs remain unpaid b) if the leaseholders have an issue with the running of the building you will want to have complete disclosure It would be prudent to discover as much as possible concerning the company managing the block as they will either make life much easier or uncomfortable. As the owner of a leasehold property you are frequently at the mercy of the managing agents from a financial perspective and when it comes to every day issues like the upkeep of the common parts. Ask prospective neighbours if they are happy with their service. On a final note, find out the dates that you are obliged pay the maintenance charge to the managing agents and specifically what it includes. Can you tell me if there are any major works in the near future that will add a premium to the maintenance fees?