We are about to exchange contracts for a ground floor flat in Ryde. We have hit a snag. The mortgage offer with Aldermore expires on 23/2/2026 but the owners are putting forward a completion date of 25/2/2026. Is it possible to prolong the mortgage offer?
The person best placed to address this issue is your lawyer who is in a position to determine whether they should be discussing with the mortgage company, seller’s representatives, property agents or conceivably all parties based on the circumstances your conveyancing to date.
Finally the sale completed on my house in Ryde last August yet the purchaser is telephoning daily complaining that her conveyancer needs to hear from mine. What are the post completion sale formalities following completion?
Following your sale your lawyer should forward the transfer deeds and all of the paperwork to the buyer’s conveyancer. If applicable, your conveyancer should also confirm that the legal charge in favour of the lender has been discharged to the buyers conveyancers. There are no post completion steps peculiar conveyancing in Ryde.
Are there restrictive covenants that are commonly identified as part of conveyancing in Ryde?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Ryde. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does the Landlord & Tenant Act 1954 affect my business premises in Ryde and how can you help?
The particular law that you refer to affords a safeguard to commercial lessees, granting the right to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Ryde
We expect to complete the sale of our £425,000 flat in Ryde in just under a week. The managing agents has quoted £336 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Ryde?
Ryde conveyancing on leasehold flats normally requires the buyer’s solicitor submitting enquiries for the landlord to answer. Although the landlord is under no legal obligation to address such questions most will be content to do so. They are at liberty to levy a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is £350, in some situations it is above £800. The administration charge demanded by the landlord must be sent together with a summary of entitlements and obligations in respect of administration fees, otherwise the invoice is technically not due. In reality one has no option but to pay whatever is demanded should you wish to sell the property.
Ryde Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
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Be sure to enquire if the the lease contains any onerous restrictions in the lease. For instance it is very common in Ryde leases that pets are not allowed in in a block in Ryde. If you like the flatin Ryde but your dog can’t move with you then you will be faced hard compromise. Is anyone aware of any major works in the planning that will likely increase the maintenance fees? What is the the remaining lease term?
Why is New Build conveyancing in Ryde more costly?
Purchasing a brand new premises is significantly different from the normal house purchase conveyancing in Ryde. Firstly sellers usually need contracts to exchange within a tight deadline, so there is a lot of pressure on your solicitor to ensure everything is in order. Furthermore new build premises often involve examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Mortgage lender requirements are also more detailed. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.