We were just about to exchange contracts for a property in Llanarth and Oakford. We have hit a stumbling block. The mortgage offer with Britannia expires on 2/7/2025 but the owners are insisting on a completion date of 4/7/2025. Is it possible to prolong the loan offer?
The best person to deal with your issue is your lawyer who should determine whether he or she is better off negotiating with the bank, vendor’s lawyers, selling agents or indeed all parties taking into account the history of your conveyancing as of today.
Completed the sale of my flat in Llanarth and Oakford last February yet the purchaser is texting me to say her solicitor needs to hear from mylawyer. What are the post completion sale formalities now that I have sold?
Following your sale your solicitor is obliged to send the transfer documentation and all additional paperwork to the purchaser's conveyancer. If applicable, your lawyer must also evidence that the mortgage has been paid off to the purchasers conveyancers. There is unlikely to be post completion steps just for conveyancing in Llanarth and Oakford.
My property lawyer in Llanarth and Oakford has never been on on the Halifax Solicitor Panel. Can I still retain my prefered solicitor notwithstanding that they are not on the Halifax approved list?
The limited options available to you here include:
- Carry on with your preferred Llanarth and Oakford lawyers but Halifax will need to instruct a lawyer on their list of acceptable firms. This will result in additional total conveyancing charges as well as result in delays.
- Choose a new lawyer to to deal with the conveyancing, obviously checking they are Persuade your lawyer to use their best endeavours to join the Halifax conveyancing panel
I am buying a new build apartment in Llanarth and Oakford. Conveyancing is a frightening process 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 conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Llanarth and Oakford
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
My company is hoping to lease a unit on a shopping parade. Can you recommend solicitors offering no-move-no fees for non-domestic conveyancing in Llanarth and Oakford for below 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Llanarth and Oakford, including the disposal and purchase of businesses as well as simply premises. If you are intending to purchase or dispose of a shop, pub, restaurant, office, retail premises or a whole business we can find you the right lawyer. Regarding the charges these will vary based on the structure and heads of terms of the deal. Let us have your contact information or call us so that we can supply you with a fixed commercial conveyancing quote.
I am a negotiator for a busy estate agent office in Llanarth and Oakford where we have witnessed a few flat sales jeopardised as a result of leases having less than 80 years remaining. I have received conflicting advice from local Llanarth and Oakford conveyancing solicitors. Please can you confirm whether the owner of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Leasehold Conveyancing in Llanarth and Oakford - Examples of Queries Prior to buying
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You should be aware if it is less than eighty years it will affect the marketability of the flat. Check with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease at some point and it is worth finding out how much this will be. For most Llanarth and Oakfordlease extensions you will need to own the residence for 24 months in order to be legally able to exercise a lease extension. This question is useful as a) areas can cause problems for the building as the communal areas may begin to deteriorate if repairs are not paid for b) if the tenants have an issue with the running of the building you will need to have complete disclosure