We were just about to exchange contracts for a leasehold flat in Maidenhead. We encountered a snag. The mortgage offer with Aldermore runs out on 30/6/2025 but the vendors are insisting on a completion date of 2/7/2025. Can one extend the mortgage expiry date?
The person best placed to address this issue is your solicitors who should calculate whether they corresponding with the bank, vendor’s lawyers, estate agents or indeed all three given what has happend in your house move as of today.
Me and my partner are purchasing a house in Maidenhead. It might be a silly question but how we can trust a solicitor? At some point we have to put our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
A relative informed me that in purchasing a property in Maidenhead there may be various restrictions prohibiting external changes to a property. Is this right?
We are aware of anumerous of properties in Maidenhead which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Maidenhead should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Our sealed bid on a house in Maidenhead has been accepted, the sellers do however have an associated purchase. The sellers have offered on on an apartment, however it’s not been accepted yet, and have viewings of other properties in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Maidenhead. What do I do now? At what stage should I apply for the mortgage with Bank of Ireland?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx £1k, then survey, Maidenhead conveyancing search costs, etc). The first course of action is to check that your conveyancer is on the Bank of Ireland conveyancing panel. Concerning the subsequent steps this very much dictated by the specifics of your case, motivation for this property and on the state of the market. In a hot market many home buyers will apply for a home loan with Bank of Ireland and pay for the valuation and only if it comes back ok would they ask their conveyancer to proceed with the conveyancing in Maidenhead.
My relative advised me that if I am purchasing in Maidenhead I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Maidenhead conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Maidenhead around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data regarding Maidenhead.
How does conveyancing in Maidenhead differ for newly converted properties?
Most buyers of new build or newly converted property in Maidenhead contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Maidenhead tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Maidenhead or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Maidenhead I like with open areas and station in the vicinity, however it's only got 52 years on the lease. I can't really find anything else in Maidenhead suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan the shortness of the lease will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
What does commercial conveyancing in Maidenhead cover?
Maidenhead conveyancing for business premises incorporates a wide range of guidance, provided 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 transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.