We were just about to exchange contracts for a freehold house in Thames View. We have hit a snag. The mortgage offer with Barclays Direct expires on 16/4/2025 but the sellers are suggesting a completion date of 22/4/2025. Can one prolong the loan expiry date?
The best person to address this question is your conveyancer who will determine whether he or she is corresponding with the bank, vendor’s lawyers, estate agents or conceivably all parties based on the circumstances your transaction to date.
The Thames View conveyancing solicitors that I recently instructed on my purchase in Thames View have suddenly shut down. I only went with them because I had to have a firm on the Virgin Money conveyancing panel and my preferred Thames View lawyer was not. I gave my credit card details for them to take £195 for searches. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
Do commercial conveyancing searches reveal planned roadworks that may affect a commercial land in Thames View?
Its becoming the norm that commercial conveyancing solicitors in Thames View will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Thames View. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Thames View.
For every commercial conveyancing transaction in Thames View it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Thames View commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Thames View.
Due to the advice of my in-laws I had a survey completed on a property in Thames View prior to appointing conveyancers. I have been told that there is a flying freehold element to the property. My surveyor advised that some mortgage companies tend refuse to grant a loan on this type of house.
It varies from the lender to lender. HSBC has different requirements from Halifax. If you call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Thames View. Conveyancing may be slightly more expensive based on your lender's requirements.
What are your top tips when it comes to finding a Thames View conveyancing practice to deal with our lease extension?
When appointing a conveyancer for lease extension works (regardless if they are a Thames View conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with several firms including non Thames View conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be helpful:
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What are the charges for lease extension work?
I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Thames View conveyancing firm to assist?
Most certainly. We can put you in touch with a Thames View conveyancing firm who can help.
An example of a Lease Extension decision for a Thames View residence is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case related to 1 flat. The unexpired term was 61.36 years.
My partner and I about to exchange buying a property in Thames View but as a result of wreckage from the recent storms I have agreed recompense from the owner of four thousand pounds in the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process however my lender will not agree to this. Should they have been approached?
The conveyancing practitioner being on a lender approved list is obliged to disclose to the lender of any changes to the purchase price. In the event that you were to refuse your solicitor to report the reduction to your lender then they would need to disinstructing themselves from representing you and the mortgage company.