We were just about to sign contracts for a leasehold flat in Mountsorrel. We have hit a snag. The loan offer with Lloyds TSB Bank expires on 21/10/2025 but the vendors are putting forward a completion date of 23/10/2025. Is it possible to prolong the mortgage expiry date?
The person best placed to address this issue is your lawyer who will hopefully determine if they better off negotiating with the bank, seller’s representatives, selling agents or possibly all three taking into account what has happend in your transaction as of today.
Do lenders provide you with an approved list of Mountsorrel conveyancing solicitors? How do you know who is on the Coventry BS conveyancing panel?
Mountsorrel conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
Do commercial conveyancing searches reveal proposed roadworks that could impact a commercial estate in Mountsorrel?
Its becoming the norm that commercial conveyancing solicitors in Mountsorrel will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Mountsorrel. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Mountsorrel.
For each commercial conveyancing transaction in Mountsorrel it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Mountsorrel commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Mountsorrel.
We're FTB’s - agreed a price, yet the estate agent told us that the seller will only proceed if we appoint their preferred conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a local solicitor used to conveyancing in Mountsorrel
We suspect that the owner is unaware of this requirement. Should the owner want ‘a quick sale', turning down a motivated purchaser is going to damage their objectives. Try to communicate with the owners directly and explain that (a)you are serious purchasers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you intend to appoint your own,trusted Mountsorrel conveyancing lawyers - rather thanthe ones that will give their negotiator at the agency a kickback or meet his conveyancing figures set by corporate headquarters.
What are your top tips when it comes to choosing a Mountsorrel conveyancing firm to deal with our lease extension?
If you are instructing a conveyancer for lease extension works (regardless if they are a Mountsorrel conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We suggest that you talk with two or three firms including non Mountsorrel conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
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How experienced is the practice with lease extension legislation? What are the costs for lease extension conveyancing?
Mountsorrel Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to Purchasing
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What is the name of the managing agents? It is important to be aware if a new roof is being put on or some other major work is anticipated to be shared between the leasehold owners and will dramatically increase the the service fees or result in a specific payment.
Our conveyancing in Mountsorrel is set to complete this Friday, but the couple I am purchasing from wishes to move out the next day at afternoon. Do I accept this?
It is not possible to complete on a Saturday due to the bank systems are not working.