We are about to sign contracts for a leasehold flat in Woore. We encountered a problem. The loan offer with Bank of Ireland runs out on 12/6/2025 but the owners are insisting on a completion date of 16/6/2025. Is it possible to extend the mortgage offer?
The best person to address this question is your conveyancer who will determine whether he or she is better off negotiating with the bank, seller’s representatives, selling agents or indeed all parties given what has happend in your conveyancing to date.
About to purchase a new build apartment in Woore. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Woore
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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 have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Woore I like with a park and railway links nearby, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Woore for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan the shortness of the lease will likely be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
What tools are available to identify a Woore law firm on the Bank of Ireland conveyancing panel? I have a car and am prepared to travel upto 10miles to meet the lawyer.
You can use the search on this page. Please select a lender and your location and you will see a number of Woore conveyancing lawyers located nearest you. We have listed some Woore conveyancing firms towards the end of this page and you can call them to verify if they are on the Bank of Ireland member panel
I need to instruct a conveyancing solicitor for purchase conveyancing in Woore. I have stumble across a web site which looks to be the ideal answer If there is a chance to get all the legals done via email that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What tools are available to search for a Woore conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to 10miles to meet the lawyer.
You can use the find a conveyancing panel search on this page. Please choose the lender and your location, in this case Woore and you will see a number of lawyer located nearest Woore. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the bank solicitor panel.