We are about to sign contracts for a property in Camborne. We encountered a snag. Our loan offer with Lloyds TSB Bank runs out on 4/7/2025 but the vendors are insisting on a completion date of 8/7/2025. Can one prolong the loan expiry date?
The person best placed to deal with your concern is your solicitors who will hopefully determine whether he or she is should be discussing with the mortgage company, owner’s conveyancers, selling agents or possibly all parties taking into account what has happend in your house move as of today.
I am purchasing a terraced house in Camborne. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Camborne you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Camborne.
This question may be naive but I am wet behind the ears as a first time buyer of a two bedroom flat in Camborne. Do I receive the keys to the house on completion from my lawyer? If this is the case, I will instruct a local conveyancing solicitor in Camborne?
On the day of completion you will not be required to attend the conveyancers office in Camborne. Your solicitors will arrange to send the completion advance to the owner’s solicitors, and shortly after the monies have arrived, you should be able to receive the keys from the selling Agents and move into your new home. Usually this occurs between 1 and 3pm.
How can we know in advance if a Camborne conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in Camborne seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor handling your conveyancing.
After much negotiation I have agreed a price on a house in Camborne. My financial adviser pressured me to appoint their solicitor. I paid an on account payment of £200. Soon after, the conveyancer called me to say that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I purchased a renovated Georgian house in Camborne. Conveyancing lawyer represented me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Camborne and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing practitioner who conducted the purchase.
Just had an offer accepted on a new build apartment in Camborne. Conveyancing is daunting 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.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Camborne
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I am looking for a ground for flat up to £245,000 and found one near me in Camborne I like with open areas and transport links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Camborne suitable, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage the shortness of the lease will likely be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.