We are a couple about to exchange contracts for a garden flat in Lytchett Matravers. We have hit a stumbling block. Our loan offer with Coventry Building Society runs out on 22/8/2022 but the sellers are insisting on a completion date of 24/8/2022. Can one prolong the loan expiry date?
The person best placed to address this issue is your conveyancer who will determine if they better off negotiating with the lender, seller’s solicitors, selling agents or indeed all three taking into account the circumstances your transaction to date.
How do I discover of the solicitor conducting my conveyancing in Lytchett Matravers is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for HSBC Bank thus paying £187.00 plus VAT in supplemental legal invoice.
Feel free to take advantage of the find a conveyancing panel solicitor tool on this site. Pick the mortgage company and type ‘Lytchett Matravers’ or your location and you will discover numerous solicitors based in Lytchett Matravers or by proximity to you.
I am buying a new build apartment in Lytchett Matravers. Conveyancing is a frightening process 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 legal work.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Lytchett Matravers
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. 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. 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. 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?
I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Lytchett Matravers I like with amenity areas and transport links in the vicinity, however it's only got 51 remaining years left on the lease. There is not much else in Lytchett Matravers suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease may be a potential deal breaker. Reduce the price 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 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
I have been recommended by a couple of local estate agents in Lytchett Matravers to choose a conveyancer using your seach tool. What’s the financial advantage for Estate Agents to promote your site over and above alternative conveyancing organisations?
We don’t give any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Is planning permission required to change a single dwelling into multiple appartments in Lytchett Matravers? This has taken place to a property next door to my house in Lytchett Matravers and was ignorant of it happening until it was done.
Planning Consent yes. Building Reg Approval yes.