We were just about to exchange contracts for a property in Wincanton. We have hit a snag. Our loan offer with Bank of Ireland expires on 14/4/2025 but the vendors are insisting on a completion date of 16/4/2025. Can one prolong the loan offer?
The person best placed to deal with your issue is your lawyer who should assess if he or she is corresponding with the mortgage broker, seller’s lawyers, estate agents or possibly all three given the history of your house move to date.
How up to date is your database of Wincanton solicitors on the Co-operative conveyancing panel? Do Co-operative send you an updated list?
Wincanton conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.
Our bank has suggested solicitors on their panel based in Wincanton but I would rather use a conveyancing lawyer in Wincanton round the corner to me. Can you help?
Not all Wincanton conveyancing firms are approved and listed on all lender’s conveyancing panel. Please make use of the above find an approved solicitor tool to choose a Wincanton conveyancing conveyancer on the on the lender panel.
I am buying a new build apartment in Wincanton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Wincanton
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are surveyor prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I am looking for a ground for flat up to £195,000 and identified one close by in Wincanton I like with amenity areas and railway links nearby, the downside is that it only has 51 years on the lease. There is not much else in Wincanton for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the remaining unexpired lease term will likely be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
My company is intending to lease a unit on the high street. Can you recommend solicitors offering fixed charges for commercial conveyancing in Wincanton for under £2000?
We can recommend firms who have specialist knowledge of commercial conveyancing in Wincanton, including the sale and acquisition of businesses as well as simply property. Whether you are intending to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right firm. As for the costs these will vary based on the structure and terms of the deal. Let us have your details or email so as to enable us to supply you with a fixed commercial conveyancing quote.