We are about to sign contracts for a ground floor flat in Mundesley. We encountered a snag. Our loan offer with Platform Home Loans Ltd expires on 8/10/2025 but the owners are putting forward a completion date of 10/10/2025. Can one extend the loan expiry date?
The best person to address this concern is your solicitors who will hopefully assess if they better off negotiating with the mortgage broker, owner’s solicitors, estate agents or possibly all three given what has happend in your house move as of today.
Will my solicitor be asking questions about flooding during the conveyancing in Mundesley.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Mundesley. There are those who acquire a house in Mundesley, fully aware that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Conveyancers are not qualified to give advice on flood risk, however there are a number of searches that may be undertaken by the buyer or on a buyer’s behalf which can figure out the risks in Mundesley. The standard property information forms supplied to a buyer’s solicitor (where the Conveyancing Protocol is adopted) incorporates a usual question of the owner to determine whether the premises has historically flooded. In the event that flooding has previously occurred and is not notified by the owner, then a buyer may bring a compensation claim resulting from an misleading response. A buyer’s conveyancers may also order an enviro report. This should higlight if there is a recorded flood risk. If so, further inquiries will need to be initiated.
I am buying a new build apartment in Mundesley. Conveyancing is necessary evil 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 conveyancing.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Mundesley
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants. 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.
Hoping to buy a property located in Mundesley and I am already nervous. I couldn't find anything specific about Mundesley. Conveyancing will be needed in due course but do you know about the Mundesley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Mundesley. In the meantime here are some basic statistics that we found
I need to instruct a conveyancing solicitor for some conveyancing in Mundesley. I have stumble upon a web site which appears to be the ideal solution If it is possible to get all the legals done via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I’m about to sell my garden flat in Mundesley. Conveyancing lawyers have not yet been instructed, but I have just had a quarterly service charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is pay the service charge as normal as all rents and maintenance payments will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Mundesley Leasehold Conveyancing - A selection of Queries Prior to buying
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Make sure you find out if the the lease contains any onerous restrictions in the lease. For instance it is reasonably common in Mundesley leases that pets are not permitted in in a block in Mundesley. If you love the apartmentin Mundesley but your dog is not allowed to make the move with you then you will be faced difficult choice. On the whole the cost for major works tend not to be built into the maintenance charges, albeit that a few managing agents in Mundesley obliged leaseholders to pay into a sinking fund and this is used to offset against larger repairs or maintenance. Are any of leasehold owners in dispute over their service charge payments?