We were just about to sign contracts for a property in Beckton. We have hit a stumbling block. The loan offer with Barclays runs out on 7/5/2019 but the owners are suggesting a completion date of 9/5/2019. Is it possible to prolong the mortgage expiry date?
The person best placed to address this issue is your conveyancer who should determine whether they better off negotiating with the mortgage broker, seller’s solicitors, estate agents or conceivably all three based on the history of your transaction to date.
Is it necessary to take out insurance to cover chancel repairs when purchasing a residence in Beckton?
Unless a previous purchase of the property completed post 12 October 2013 you could assume that solicitors conducting conveyancing in Beckton to remain recommending a chancel search and or chancel repair liability insurance.
How does conveyancing in Beckton differ for new build properties?
Most buyers of new build premises in Beckton approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Beckton typically purchase 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 property lawyers 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 used to new build conveyancing in Beckton or who has acted in the same development.
I have been on the look out for a ground for flat up to £235,500 and found one round the corner in Beckton I like with a park and station in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Beckton in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the remaining unexpired lease term will be an issue. Reduce the price by the expected 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 can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
In what way does the Landlord & Tenant Act 1954 affect my business offices in Beckton and how can you help?
The particular law that you refer to provides protection to commercial tenants, granting the right to make a request to court for a renewal lease and remain in occupation at the end of the lease term. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Beckton
We are 3 weeks into a residential purchase having been recommend to solicitors by the local agent to carry out the conveyancing in Beckton. I am am starting to be frustrated with the level of service. Can you help me find new lawyers?
A lawyer would need to be really bad to suggest changing them. Has your mortgage been generated? In the event that it has you will need to inform them of the new solicitor and have the offer are re-sent. Your conveyancer needs to be on the mortgage company panel to avoid added fees and complications. So that should be your first question of the new conveyancers. Our find a solicitor tool should help you find a lender approved solicitor for your conveyancing in Beckton