We were just about to exchange contracts for a garden flat in Tanworth In Arden. We have hit a snag. The loan offer with Nottingham Building Society expires on 13/1/2025 but the owners are insisting on a completion date of 15/1/2025. Can one extend the mortgage expiry date?
The best person to deal with your issue is your solicitors who will hopefully determine whether he or she is better off negotiating with the mortgage broker, seller’s solicitors, estate agents or indeed all parties given the circumstances your transaction as of today.
Having sold my house in Tanworth In Arden last July yet the purchaser is e-mailing me to say her solicitor needs to hear from mylawyer. What should my lawyer have done following completion?
Post completion of your disposal your solicitor is obliged to forward the transfer documentation and all supplemental paperwork to the purchaser's solicitors. If applicable, your conveyancer should also send confirmation that the legal charge in favour of the lender has been redeemed to the buyers conveyancers. There is unlikely to be post completion procedures just for conveyancing in Tanworth In Arden.
I need some fast conveyancing in Tanworth In Arden as I am faced with an ultimatum to sign on the dotted line within 4 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are are a mortgage free purchaser you have the choice not to do searches although no law firm would suggest that you don't. With lots of history conveyancing in Tanworth In Arden the following are examples of what can arise and therefore impact market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Tanworth In Arden is where the house is located. Is there any guidance you can impart?
Flying freeholds in Tanworth In Arden are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tanworth In Arden you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tanworth In Arden 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 residence.
How simple is it to use the search facility to find a conveyancing solicitor in Tanworth In Arden on the authorised to act for my lender?
Step one is to pick a mortgage company such as Lloyds TSB Bank, Chelsea Building Society or Barclays Direct then specify your preferred area for example Tanworth In Arden. Conveyancing practices in Tanworth In Arden and nationally will then be listed.
I only have 68 years remaining on my flat in Tanworth In Arden. I am keen to get lease extension but my landlord is can not be found. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. You will be obliged to demonstrate that you have made all reasonable attempts to locate the landlord. On the whole an enquiry agent would be helpful to conduct investigations and to produce an expert document which can be accepted by the court as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer both on devolving into the landlord’s absence and the application to the County Court covering Tanworth In Arden.
I am the registered owner of a 1 bedroom flat in Tanworth In Arden, conveyancing formalities finalised 10 years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Tanworth In Arden with an extended lease are worth £171,000. The ground rent is £50 charged once a year. The lease terminates on 21st October 2103
With only 79 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.