We were just about to sign contracts for a leasehold flat in Symonds Yat. We encountered a problem. The mortgage offer with Santander expires on 14/2/2025 but the sellers are putting forward a completion date of 18/2/2025. Is it possible to extend the mortgage expiry date?
The person best placed to address this question is your lawyer who should assess if he or she is corresponding with the mortgage company, owner’s solicitors, estate agents or conceivably all parties taking into account the history of your transaction as of today.
Can I use your services to find a Conveyancing solicitor in Symonds Yat even where I’m not buying or selling a house, for instance where I intend to acquire an office in Symonds Yat with a mortgage from Godiva Mortgages Ltd?
Our comparison service is predominantly utilised to get a quote from residential conveyancing solicitors in Symonds Yat but we have recorded at the bottom of this page some Symonds Yat commercial conveyancing firms. You will need to make contact with the firm directly to see if they are also authorised to represent Godiva Mortgages Ltd
What will a local search reveal about the house we're buying in Symonds Yat?
Symonds Yat conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for example Xpress Legal The local search plays an important role in many a Symonds Yat conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your property. The search will supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
Just had an offer accepted on a new build apartment in Symonds Yat. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Symonds Yat
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a straight forward, chain free conveyancing. Symonds Yat is the location of the property. Is there any advice you can impart?
Flying freeholds in Symonds Yat are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Symonds Yat you must be sure that your lawyer goes 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 Symonds Yat may decide 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 property.
I would like to rent out my leasehold flat in Symonds Yat. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
A lease dictates the relationship between the landlord and you the leaseholder; in particular, it will set out if subletting is prohibited, or permitted but only subject to certain conditions. The rule is that if the lease contains no specific ban or restriction, subletting is allowed. Most leases in Symonds Yat do not contain subletting altogether – such a provision would adversely affect the market value the flat. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a duplicate of the tenancy agreement.
Leasehold Conveyancing in Symonds Yat - A selection of Queries Prior to Purchasing
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Is anyone aware of any major works in the planning that will add a premium to the service fees? Are any of leasehold owners in arrears of their service charge liability? How many years are left on the lease?