We were just about to sign contracts for a property in Woodbridge. We encountered a snag. Our loan offer with Halifax runs out on 9/12/2025 but the vendors are suggesting a completion date of 11/12/2025. Can one extend the loan offer?
The person best placed to deal with your question is your conveyancer who should calculate whether he or she is corresponding with the lender, seller’s solicitors, selling agents or indeed all three based on what has happend in your conveyancing as of today.
Finally the sale completed on my house in Woodbridge last December yet the purchaser is SMS messaging daily to moan that his solicitor is waiting to hear from mine. What are the post completion sale formalities following completion?
Following your house sale your lawyer is duty bound to deliver the transfer documentation and all additional paperwork to the buyer’s conveyancer. If applicable, your lawyer must also send confirmation that the mortgage has been paid off to the purchasers lawyers. There is unlikely to be post completion procedures specific conveyancing in Woodbridge.
How does conveyancing in Woodbridge differ for newly converted properties?
Most buyers of new build property in Woodbridge contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is built. This is because builders in Woodbridge tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Woodbridge or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Woodbridge is the location of the property. Is there any advice you can impart?
Flying freeholds in Woodbridge are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Woodbridge you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodbridge 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.
What does commercial conveyancing in Woodbridge cover?
Woodbridge conveyancing for business premises incorporates a broad array of advice, given by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Completion is due on the sale of our £450,000 maisonette in Woodbridge next Monday. The landlords agents has quoted £336 for Landlord’s certificate, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Woodbridge?
Woodbridge conveyancing on leasehold maisonettes normally results in fees being raised by managing agents :
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Completing pre-contract questions
Where consent is required before sale in Woodbridge
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I acquired a 1st floor flat in Woodbridge, conveyancing having been completed in 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Woodbridge with an extended lease are worth £216,000. The ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2094
With 69 years unexpired we estimate the price of your lease extension to be between £9,500 and £11,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.