We are about to exchange contracts for a property in Cippenham. We encountered a stumbling block. The loan offer with Yorkshire Building Society runs out on 17/9/2024 but the owners are insisting on a completion date of 19/9/2024. Is it possible to prolong the mortgage offer?
The best person to deal with your question is your solicitors who is in a position to calculate if they corresponding with the bank, vendor’s representatives, selling agents or conceivably all parties taking into account the circumstances your transaction to date.
Finally the sale completed on my house in Cippenham last December but my buyer keeps SMS messaging me to say her solicitor is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Post completion of your house sale your conveyancer should send the transfer documentation and all of the paperwork to the purchaser's conveyancer. If applicable, your solicitor must also send confirmation that the home loan has been discharged to the purchasers solicitors. There are no post completion steps just for conveyancing in Cippenham.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Cippenham so that I can attend their offices when needed.
Most conveyancing panel lawyers for banks carry out all of the work through the post, internet or over phone calls. This enables them to undertake the legal work for your home move no matter where you live in England or Wales. However you should check if you can still book an appointment to visit conveyancing lawyer if you prefer.
I am buying a new build apartment in Cippenham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Cippenham
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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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan.
Over the last few months I have been searching for a flat up to £235,500 and identified one near me in Cippenham I like with open areas and station in the vicinity, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Cippenham suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
What does commercial conveyancing in Cippenham cover?
Non domestic conveyancing in Cippenham covers a wide range of guidance, offered by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.