We were just about to sign contracts for a garden flat in Stevenage. We encountered a problem. The mortgage offer with Aldermore expires on 15/4/2025 but the sellers are putting forward a completion date of 17/4/2025. Can one extend the mortgage offer?
The best person to deal with your concern is your solicitors who will determine whether he or she is corresponding with the mortgage broker, seller’s lawyers, property agents or conceivably all parties taking into account what has happend in your conveyancing as of today.
Have just purchased a probate house at auction in Stevenage. Conveyancing is necessary. What are my next steps?
Having exchanged you will need to retain a conveyancing lawyer soon as you are faced with a fast approaching a drop dead date to complete the deal. An auction property will have a bespoke legal pack. This will likely include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You must give this to your appointed conveyancing solicitor ASAP. Do make sure that you have funds in place to complete the transaction on the set completion date.
Forgive me if this question is silly but I am new to the home moving as FTB of a garden flat in Stevenage. Do I collect the keys to the house on the completion date from my lawyer? If this is the case, I will appoint a local conveyancing solicitor in Stevenage?
On the day of completion you do not need to go to the conveyancers office in Stevenage. Your solicitors will electronically transfer the purchase money to the vendor’s lawyers, and once they have received this, you will be invited to receive the keys from the Estate Agents and move into your new home. Usually this occurs early afternoon.
I have decided to exercise my right to buy my property in Stevenage off the council. I have a mortgage agreed with Aldermore. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Aldermore, you will need to appoint a solicitor on the Aldermore conveyancing panel.
About to purchase a new build flat in Stevenage. 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 legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Stevenage
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Please confirm the Lease plans are surveyor prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one close by in Stevenage I like with open areas and station nearby, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Stevenage in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan that many years will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
What makes your site different to alternative online quote calculators when it comes to conveyancing in Stevenage?
At this site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Stevenage. Unlike many estate agents and brokerage sites we do not operate kick-back deals with solicitors. Many agents and online brokers 'recommend' solicitors that pays the highest commission, not the best value conveyancing in Stevenage
I am hoping to put an offer on a small detached house that appears to be perfect, at a great figure which is making it more attractive. I have since discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Stevenage. Conveyancing lawyers have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Stevenage ?
The majority of houses in Stevenage are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Stevenage so you should seriously consider looking for a Stevenage conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the landlord’spermission to conduct changes to the property. You may also be required to pay a contribution towards the maintenance of the estate where the house is located on an estate. Your solicitor should advise you fully on all the issues.