We are about to sign contracts for a semi detached house in Caistor. We encountered a stumbling block. The mortgage offer with Coventry Building Society expires on 22/5/2023 but the owners are putting forward a completion date of 24/5/2023. Can one extend the loan offer?
The best person to deal with your concern is your solicitors who is in a position to determine if he or she is should be discussing with the mortgage broker, seller’s conveyancers, selling agents or conceivably all parties taking into account the circumstances your transaction as of today.
Finally the sale completed on my house in Caistor last February but the buyer keeps telephoning every few hours to say their lawyer needs to hear from mysolicitor. What should my lawyer have done following completion?
Following your house sale your solicitor should deliver the transfer deeds and all supplemental paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer must also evidence that the home loan has been redeemed to the purchasers conveyancers. There is unlikely to be post completion steps unique to conveyancing in Caistor.
We're in Caistor, First time buyers buying with a mortgage (lender is Clydesdale , and our solicitor is on the Clydesdale conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Clydesdale conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
What does a local search tell me concerning the property I am buying in Caistor?
Caistor conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations such as Xpress Legal The local search plays an important role in many a Caistor conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search will provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
What tools are available to search for a Caistor solicitor on the The Mortgage Works conveyancing panel? I have wheels and am prepared to travel upto 25miles to meet the conveyancer.
You can use the facility on this page. Please choose the mortgage company and your location and you will see a number of Caistor conveyancing lawyers located nearest you. We have listed some Caistor conveyancing firms at the bottom of this page and you can call them to verify whether they are on the The Mortgage Works approved list
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £425,000 apartment in Caistor in 5 days. The managing agents has quoted £300 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Caistor?
Caistor conveyancing on leasehold maisonettes usually necessitates the purchaser’s lawyer submitting questions for the landlord to address. Although the landlord is not legally bound to address these enquiries the majority will be willing to assist. They are at liberty to invoice a reasonable administration fee for answering questions or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is over three hundred pounds, in some transactions it is in excess of £800. The administration charge levied by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration fees, without which the invoice is not strictly payable. Reality however dictates that you have no option but to pay whatever is requested of you should you wish to complete the sale of your home.
I acquired a basement flat in Caistor, conveyancing having been completed in 1998. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Caistor with a long lease are worth £185,000. The average or mid-range amount of ground rent is £65 levied per year. The lease runs out on 21st October 2084
With 61 years left to run we estimate the premium for your lease extension to be between £19,000 and £22,000 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.