We were just about to sign contracts for a semi detached house in Melton Constable. We have hit a snag. Our loan offer with Clydesdale runs out on 2/12/2025 but the vendors are insisting on a completion date of 4/12/2025. Can one prolong the loan offer?
The best person to deal with your question is your solicitors who will calculate if they better off negotiating with the mortgage company, vendor’s representatives, estate agents or possibly all three based on what has happend in your transaction to date.
I purchased a freehold house in Melton Constable but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Melton Constable and has limited impact for conveyancing in Melton Constable but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
I am the only beneficiary of my late father’s estate and I have everything in my name alone, including the my former home in Melton Constable. Conveyancing formalities meant that the Land Registry date was in September. I now wish to sell up. I do know about the CML six month 'rule', meaning my proprietorship will be considered the same way as if I'd bought the house in September. Will no one buy the property for half a year?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. How practical a view banks take of it, depend on the bank as this provision is primarily there to capture subsales or the quick reselling of properties.
I had a mortgage agreed in principle with UBS. Melton Constable conveyancing lawyers are instructed. How long does it take for UBS to forward the offer to the conveyancer?
Some lenders take longer than others. Have UBS done the valuation? Have you advised UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am due to exchange contracts on my house. I had a double glazing fitted in February 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Skipton are being a right pain. The Melton Constable solicitor who is on the Skipton conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Skipton are requiring a building regulation certificate. Why do Skipton have a conveyancing panel if they don't accept advice from them?
It is probably the case that Skipton have referred the matter to their valuer. The reason why Skipton may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
three months have elapsed following my purchase conveyancing in Melton Constable took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How do I use the search tool to get a fee calculation from a conveyancing lawyer in Melton Constable on the panel for my lender?
Step one is to choose a lender such as Yorkshire Building Society, Coventry Building Society or Godiva Mortgages Ltd then type in your location such as Melton Constable. Conveyancing organisations in Melton Constable and beyond will then be shown.
Completion is due on the disposal of our £275,000 flat in Melton Constable on Wednesday in a week. The managing agents has quoted £420 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Melton Constable?
For the majority of leasehold sales in Melton Constable conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Completing pre-exchange enquiries
Where consent is required before sale in Melton Constable
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I acquired a 1st floor flat in Melton Constable, conveyancing formalities finalised in 1997. Can you work out an approximate cost of a lease extension? Comparable flats in Melton Constable with a long lease are worth £197,000. The ground rent is £55 levied per year. The lease ceases on 21st October 2080
You have 55 years unexpired we estimate the premium for your lease extension to span between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.