We are about to exchange contracts for a leasehold flat in Sidmouth. We encountered a stumbling block. The loan offer with Barclays Direct runs out on 18/7/2025 but the sellers are putting forward a completion date of 22/7/2025. Can one prolong the mortgage expiry date?
The best person to deal with your question is your conveyancer who will assess whether he or she is better off negotiating with the mortgage broker, vendor’s conveyancers, property agents or possibly all three given the circumstances your house move to date.
At what point will exchange of contracts happen for purchase conveyancing in Sidmouth and do I need to attend the lawyers branch?
If you are in close proximity to our conveyancing solicitors in Sidmouth you are invited in to sign contracts. However, the lender approved solicitors we recommend offer a nationwide conveyancing service and give just as comprehensive and professional a job for you when communicating with you electronically. The signing of the property agreement is not the important part. A signed contract is just a prerequisite for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Sidmouth)to be in the office available at the end of the phone to exchange contracts.
My wife and I are intent on selling our property in Sidmouth and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any high street Sidmouth lawyer would know that there is no such problem. For the life of me I don't know why the purchasers instructed a nationwide conveyancing outfit rather than a conveyancing solicitor in Sidmouth. Having lived in Sidmouth for 4 years we know that this is a non issue. Should we get in touch with our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing lawyer already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I am downsizing from my home. My previous solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Sidmouth if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Sidmouth. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
As co-executor for the will of my uncle I am disposing of a house in Neath but I am based in Sidmouth. My lawyer (approximately 235 kilometers from merequires that I sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing lawyer in Sidmouth to attest and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are Sidmouth based
I've recently bought a leasehold flat in Sidmouth. Am I liable to pay service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a 1 bedroom flat in Sidmouth, conveyancing formalities finalised 6 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Sidmouth with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 per annum. The lease finishes on 21st October 2088
You have 63 years remaining on your lease we estimate the premium for your lease extension to be between £16,200 and £18,600 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.