We are about to exchange contracts for a property in Thrapston. We have hit a snag. Our loan offer with Santander runs out on 10/4/2026 but the vendors are putting forward a completion date of 14/4/2026. Is it possible to prolong the loan offer?
The best person to address this question is your conveyancer who will assess whether he or she is should be discussing with the mortgage company, vendor’s solicitors, estate agents or conceivably all parties given the circumstances your house move to date.
Can I use your services to find a Conveyancing solicitor in Thrapston even if I’m not buying or selling a house, for instance where I intend to buy an office in Thrapston with a mortgage from Birmingham Midshires?
Our search tool is predominantly utilised to select residential conveyancing solicitors in Thrapston but we have set out at the end of this page a selection of Thrapston commercial conveyancing firms. You should enquire with the firm directly to establish if they are also authorised to represent Birmingham Midshires
My partner and I are downsizing from our property in Thrapston and according to the buyers it appears that there is a risk of it being built on contaminated land. A local lawyer would know this is not the case. It does beg the question why the purchasers are using a nationwide conveyancing practice as opposed to a conveyancing solicitor in Thrapston. Having lived in Thrapston for 4 years we know of no issue. Should we get in touch with our local Authority to get clarification that the buyers are looking for.
It would appear that you have a conveyancing firm already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a straight forward, chain free conveyancing. Thrapston is the location of the property. Can you offer any advice?
Flying freeholds in Thrapston are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Thrapston you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Thrapston 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.
In what way can the Landlord & Tenant Act 1954 impact my commercial property in Thrapston and how can you help?
The 1954 Act affords a safeguard to commercial tenants, giving them the a statutory right to make a request to court for a renewal lease and continue in occupation when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and help with commercial conveyancing in Thrapston
What are the common deficiencies that you see in leases for Thrapston properties?
There is nothing unique about leasehold conveyancing in Thrapston. Most leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:
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Service charge per centages that don't add up correctly leaving a shortfall
A defective lease will likely cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Lloyds TSB Bank, Skipton Building Society, and Aldermore all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, forcing the purchaser to withdraw.
Thrapston Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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The best form of lease arrangement is if the freehold interest is owned by the leaseholders. In this situation the lessees have control and although a managing agent is frequently employed if the building is bigger than a house conversion, the managing agent retained by the leaseholders. Does the lease contain onerous restrictions? Are there any major works anticipated that will increase the service charges?