We are about to exchange contracts for a semi detached house in Barnes. We have hit a snag. Our mortgage offer with Chelsea Building Society expires on 15/3/2021 but the sellers are putting forward a completion date of 17/3/2021. Is it possible to prolong the mortgage expiry date?
The best person to deal with your question is your conveyancer who will calculate if they should be discussing with the mortgage company, vendor’s representatives, property agents or conceivably all three given the history of your conveyancing to date.
At what point does exchange of contracts occur in residential conveyancing in Barnes and am I required to attend the conveyancers office?
Where you are in close proximity to one of the conveyancing solicitors in Barnes you are welcome to attend to sign contracts. That being said, the law practices we work with provide countrywide coverage for conveyancing and give as equally diligent and professional a job for you when communicating with you electronically. The executing of the contract is not the point of no return. A signed contract simply enables the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Barnes)to be in the office at the appropriate time.
Do commercial conveyancing searches disclose proposed roadworks that may affect a commercial property in Barnes?
Many commercial conveyancing solicitors in Barnes will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Barnes. 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 Barnes.
For each commercial conveyancing transaction in Barnes 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 could result in delays to Barnes commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Barnes.
I am buying a new build apartment in Barnes. Conveyancing is a frightening process 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 is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Barnes
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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. There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I have been on the look out for a ground for flat up to £245,000 and identified one near me in Barnes I like with amenity areas and station in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Barnes in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage that many years will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
Can you shed any light on the spectrum of conveyancing provided by Barnes conveyancing companies?
Generally most Barnes conveyancing organisations tend to provide various legal advice to home and land proprietors, vendors, first time buyers, landlords and tenants assistingwith some of the following:
Residential sale conveyancing in Barnes or nationwide
Residential purchase conveyancing in Barnes and nationwide
Enfranchisement - including collective acquisitions of freeholds and lease extensions Staircasing and Equity Loan Redemption New build including off-plan Buying and selling via auction