We were just about to exchange contracts for a property in Claverdon. We have hit a snag. The loan offer with Clydesdale runs out on 12/8/2025 but the sellers are putting forward a completion date of 14/8/2025. Is it possible to prolong the mortgage offer?
The person best placed to deal with your concern is your solicitors who will assess if he or she is better off negotiating with the mortgage broker, seller’s solicitors, selling agents or indeed all three based on the history of your transaction to date.
As someone unfamiliar with conveyancing in Claverdon what is your top tip you can impart for the ownership transfer in Claverdon
You may not hear this from too many lawyers but conveyancing in Claverdon or throughout Warwickshire is an adversarial experience. In other words, when it comes to conveyancing there is lots of opportunity for friction between you and others involved in the ownership transfer. For example, the vendor, estate agent and on occasion your lender. Selecting a law firm for your conveyancing in Claverdon is a critical decision as your conveyancer is your adviser, and is the ONLY person in the transaction whose responsibility is to look after your best interests and to keep you safe.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone has to be at fault for the process being so protracted. We recommend that you your first instinct should be to trust your solicitor above all other players in the home moving process.
What does a local search reveal about the property I am purchasing in Claverdon?
Claverdon conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company for instance Searchflow The local search is essential in every Claverdon conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should supply information on, amongst other things, details on planning applications relevant to the premises (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.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, chain free conveyancing. Claverdon is where the house is located. Can you offer any guidance?
Flying freeholds in Claverdon are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Claverdon you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Claverdon may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I need to instruct a conveyancing solicitor in Claverdon for my sale. Can I check a firm’s complaints history with the profession’s regulator?
Members of the public can see published Solicitor Regulator Association (SRA) determinations arising from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training purposes.
What advice can you give us when it comes to choosing a Claverdon conveyancing firm to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Claverdon conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with two or three firms including non Claverdon conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be helpful:
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How experienced is the firm with lease extension legislation?
I bought a split level flat in Claverdon, conveyancing was carried out in 2001. How much will my lease extension cost? Equivalent properties in Claverdon with an extended lease are worth £265,000. The ground rent is £50 levied per year. The lease ceases on 21st October 2101
With just 76 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as legals.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.