We are a couple about to sign contracts for a semi detached house in Hythe. We have hit a problem. The mortgage offer with Lloyds TSB Bank runs out on 8/1/2025 but the owners are suggesting a completion date of 10/1/2025. Can one extend the loan expiry date?
The best person to deal with your issue is your solicitors who is in a position to assess if he or she is should be discussing with the bank, seller’s solicitors, estate agents or indeed all parties given the history of your house move as of today.
When looking at online forums for a recommended solicitor in Hythe, most post that I should use a CQS kitemarked lawyer. What is CQS?
Hythe Conveyancing Quality Scheme law firms have been granted accreditation by the law Society The Law Society established CQS to promote high standards in the home moving process. CQS enables home movers to recognise practices that provide a quality residential conveyancing. Hythe is one of the many areas in England and Wales in which CQS are located. The scheme requires practices to undergo a strict assessment, compulsory training, self-reporting, random audits and annual reviews in order to maintain CQS status. It is open only to members of the Law Society who meet the demanding standards set by the scheme and has the support of the Legal Ombudsman.
Should our conveyancer be making enquiries concerning flooding during the conveyancing in Hythe.
The risk of flooding is if increasing concern for conveyancers specialising in conveyancing in Hythe. Some people will buy a house in Hythe, fully expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, however there are a number of checks that may be undertaken by the purchaser or by their solicitors which should figure out the risks in Hythe. The standard property information forms given to a buyer’s solicitor (where the Conveyancing Protocol is adopted) includes a usual inquiry of the seller to find out whether the premises has ever been flooded. If the property has been flooded in past and is not notified by the vendor, then a purchaser could issue a legal claim for losses as a result of such an incorrect response. A buyer’s conveyancers may also carry out an enviro report. This should higlight whether there is a recorded flood risk. If so, additional inquiries should be conducted.
Hoping to buy a property located in Hythe and I am already nervous. I couldn't find anything specific about Hythe. Conveyancing will be needed in due course but do you know about the Hythe area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hythe. In the meantime here are some basic statistics that we found
My brother has suggested that I instruct his conveyancing solicitors in Hythe. Should I use them?
No doubt the best way to find a conveyancing lawyer is to have recommendations from friends or relatives who have previously instructed the firm that you are considering.
My wife and I may need to let out our Hythe garden flat for a while due to taking a sabbatical. We instructed a Hythe conveyancing practice in 2003 but they have closed and we did not have the foresight to seek any advice as to whether the lease prohibits the subletting of the flat. How do we find out?
The lease governs the relationship between the freeholder and you the leaseholder; in particular, it will say if subletting is prohibited, or permitted but only subject to certain conditions. The rule is that if the lease contains no specific ban or restriction, subletting is permitted. Most leases in Hythe do not contain an absolute prevention of subletting – such a clause would adversely affect the market value the flat. In most cases there is simply a requirement that the owner notifies the freeholder, possibly sending a duplicate of the tenancy agreement.
I inherited a basement flat in Hythe, conveyancing having been completed in 1995. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Hythe with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease terminates on 21st October 2078
With only 54 years unexpired we estimate the price of your lease extension to be between £31,400 and £36,200 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.