We were just about to exchange contracts for a leasehold flat in Sandbanks. We encountered a problem. The loan offer with Skipton Building Society runs out on 7/7/2025 but the owners are putting forward a completion date of 9/7/2025. Is it possible to prolong the loan expiry date?
The person best placed to deal with your concern is your conveyancer who is in a position to determine if he or she is better off negotiating with the mortgage company, seller’s conveyancers, estate agents or conceivably all three given the history of your transaction as of today.
Do the Building Society Association intend to launch a search tool with a view to list firms on the Loughborough BS conveyancing panel for instance in Sandbanks?
We are not aware of any plans on the part of the BSA to promote such a search facility.
I have justdiscovered that Arc property Solicitors have been shut down. They conducted my conveyancing in Sandbanks for a purchase of a leasehold flat 18 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The easiest method to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Sandbanks conveyancing specialists.
About to purchase a new build flat in Sandbanks. 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 is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Sandbanks
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Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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. There must be mutual enforceability of lessee’s covenants.
What tools are available to search for a Sandbanks law firm on the Coventry Building Society conveyancing panel? I am a keen cyclist and am prepared to travel upto 25kilometers to meet the solicitor.
You can use the tool on this page. Please pick a mortgage company and your location and you will see a number of Sandbanks conveyancing lawyers locally. We have listed some Sandbanks conveyancing firms towards the end of this page and you can telephone them to see if they are on the Coventry Building Society approved list
We are in the middle of purchasing a residence in Sandbanks. Conveyancing solicitor has told us the title is "Leasehold". Will this likely make a difference on the salability of the house?
Sandbanks conveyancing does not normally involve leasehold houses. The main consideration here is the length of lease and the ground rent. If it's 999 years with a nominal rent, it's essentially freehold, so it shouldn't impact the saleability too much.
At the other extreme, if it's, say, Sixty years it will have a significant effect on the saleability, and most likely wouldn't be mortgageable. The length of lease and ground rent will be stated in the lease provided to your conveyancing practitioner.