We are about to sign contracts for a property in Street. We have hit a snag. The mortgage offer with Clydesdale expires on 26/1/2026 but the vendors are suggesting a completion date of 28/1/2026. Can one extend the loan offer?
The person best placed to address this issue is your lawyer who will determine if he or she is corresponding with the lender, vendor’s representatives, selling agents or conceivably all parties based on the history of your transaction as of today.
Completed the sale of my flat in Street last November but the buyer keeps Skype messaging every few hours complaining that their lawyer is waiting to hear from mysolicitor. What are the post completion sale formalities following completion?
Post completion of your disposal your conveyancer should forward the transfer documentation and all additional paperwork to the buyer’s conveyancer. Where relevant, your conveyancer should also confirm that the legal charge in favour of the lender has been redeemed to the buyers solicitors. There is unlikely to be post completion tasks just for conveyancing in Street.
I need some fast conveyancing in Street as I have pressure to sign on the dotted line inside one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not getting a mortgage you are at free not to have searches carried out although no solicitor would suggest that you don't. Drawing on years of experience of conveyancing in Street the following are examples of what can show up and therefore impact future mortgageability: Enforcement Actions, Outstanding Fees, Overdue Grants, Railway Schemes,...
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Street is where the house is located. Can you offer any assistance?
Flying freeholds in Street are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Street you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Street 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.
I am on look out for some leasehold conveyancing in Street. Before I get started I would like to find out the remaining lease term.
Assuming the lease is registered - and 99.9% are in Street - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I purchased a 1 bedroom flat in Street, conveyancing having been completed February 2005. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Street with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 yearly. The lease runs out on 21st October 2099
With only 74 years unexpired the likely cost is going to range between £8,600 and £9,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
A couple of months ago I was informed by my mortgage company that their approved lawyers work on no move no charge basis for conveyancing in Street. I had a purchase abort and now the conveyancers want search fees! They say the fees are independent!
By offering "no completion no fee" Street conveyancing lawyers are foregoing their charges for any work carried out. We must stress this does not constitute an insurance scheme. Disbursements aren’t covered – where the conveyancing practitioner have to pay money out to other people, e.g. Street local search fees