We were just about to exchange contracts for a semi detached house in Rickmansworth. We encountered a problem. Our loan offer with Nationwide Building Society runs out on 16/9/2024 but the sellers are suggesting a completion date of 18/9/2024. Can one prolong the mortgage expiry date?
The person best placed to address this issue is your conveyancer who should determine if they better off negotiating with the mortgage broker, seller’s solicitors, property agents or indeed all parties given the circumstances your house move as of today.
I have been told that property searches are the main reason for stalling in Rickmansworth conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Rickmansworth.
Me and my brother purchased a 4 bedroom Victorian property in Rickmansworth. Conveyancing practitioner represented me and Nottingham Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Rickmansworth and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing practitioner who conducted the purchase.
Am I right to be concerned by brokers that I am dealing with are recommending a nationwide conveyancing firm rather than a High Street Rickmansworth conveyancing company?
As with many service providers, often suggestions from connections can be worth their weight in gold. Yet there are many players in a conveyancing deal; estate agents, financial adviser and banks may suggest solicitors to select. On occasion these solicitors might be known to one of the organisations as being good in their field, but sometimes there behind the scenes financial incentive behind the endorsement. You have the discretion to appoint your preferred lawyer. Don't forget that some banks specify a panel list of lawyers you are obliged to use for the mortgage related work in your home move.
Helen (my wife) and I may need to let out our Rickmansworth 1st floor flat for a while due to taking a sabbatical. We used a Rickmansworth conveyancing firm in 2001 but they have closed and we did not think at the time seek any advice as to whether the lease permits subletting. How do we find out?
Notwithstanding that your previous Rickmansworth conveyancing lawyer is no longer around you can review your lease to check if it allows you to sublet the apartment. The accepted inference is that if the lease is silent, subletting is allowed. There may be a precondition that you need to obtain consent via your landlord or other appropriate person in advance of subletting. This means you not allowed to sublet in the absence of first obtaining permission. The consent should not be unreasonably turned down. If your lease does not allow you to sublet you should ask your landlord if they are willing to waive this restriction.
I inherited a ground-floor 1960’s flat in Rickmansworth. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the sum due for the purchase of the freehold?
You certainly can. We are happy to put you in touch with a Rickmansworth conveyancing firm who can help.
An example of a Lease Extension decision for a Rickmansworth premises is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case affected 3 flats. The unexpired lease term was 71 years.
How much experience do your Rickmansworth conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Rickmansworth conveyancing lawyers help thousands of people move home every year and assisted plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Rickmansworth conveyancers have worked on recent similar matters.