We were just about to exchange contracts for a property in North Ferriby. We encountered a problem. Our mortgage offer with National Westminster Bank expires on 23/11/2020 but the owners are insisting on a completion date of 25/11/2020. Is it possible to extend the loan offer?
The person best placed to address this issue is your lawyer who should determine if he or she is should be discussing with the bank, owner’s representatives, estate agents or conceivably all three given what has gone on in your house move as of today.
I am the registered owner of a freehold residence in North Ferriby but nevertheless charged rent, why is this and what is this?
It is rare for properties in North Ferriby and has limited impact for conveyancing in North Ferriby 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 establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in North Ferriby. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 21/9/2020, the requirements read as follows :
About to purchase a new build flat in North Ferriby. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in North Ferriby
-
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. 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. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared. 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.
My company is hoping to lease a unit on a shopping parade. Can you recommend conveyancers offering no-sale-no charges for commercial conveyancing in North Ferriby for under 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in North Ferriby, including the sale and acquisition of businesses as well as simply premises. If you are hoping to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right lawyer. Regarding the fees these will vary based on the structure and complexity of the deal. Please provide us with your details or email so as to enable us to supply you with a detailed commercial conveyancing calculation.
I need to retain a conveyancing solicitor for residential conveyancing in North Ferriby. I happened to discover a site which appears to be the ideal offering If it is possible to get all the legals completed via email that would be ideal. Do I need to be wary? 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?