We were just about to exchange contracts for a property in Sherston. We have hit a stumbling block. Our loan offer with Godiva Mortgages Ltd expires on 20/6/2025 but the vendors are putting forward a completion date of 24/6/2025. Can one prolong the loan expiry date?
The person best placed to deal with your question is your conveyancer who is in a position to calculate if he or she is better off negotiating with the lender, owner’s representatives, estate agents or indeed all three given the history of your house move as of today.
It is a dozen years since I purchased my home in Sherston. Conveyancing solicitors have now been retained on the sale but I can't locate my title documents. Is this a major issue?
You need not be too concerned. First there is a possibility that the deeds will be retained by your lender or they may still be with the conveyancers who handled the purchase. Secondly in most cases the title will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Nearly all conveyancing in Sherston relates to registered property but in the rare situation where your property is not registered it adds to the complexity but is resolvable.
Is there a search tool that I can utilise to discover of the solicitor handling my conveyancing in Sherston is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Nationwide Building Society thus spending £175.00 in further legal bill.
Please do take advantage of the find a conveyancing panel solicitor tool on this site. Please choose the lender and type ‘Sherston’ or your location and you will see a number of lawyer located in Sherston or nearest you.
Will our solicitor be making enquiries concerning flooding during the conveyancing in Sherston.
Flooding is a growing risk for conveyancers specialising in conveyancing in Sherston. Plenty of people will purchase a property in Sherston, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, however there are a number of searches that may be initiated by the buyer or on a buyer’s behalf which can give them a better understanding of the risks in Sherston. The standard information given to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) includes a standard question of the vendor to determine whether the property has suffered from flooding. In the event that flooding has previously occurred and is not notified by the owner, then a buyer may issue a legal claim for losses stemming from an misleading answer. A purchaser’s lawyers may also commission an enviro search. This should reveal whether there is any known flood risk. If so, additional inquiries will need to be conducted.
I am selling my home. My former lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Sherston if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Sherston. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
Due to sign contracts shortly on a basement flat in Sherston. Conveyancing solicitors have said that they are sending me a report on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Sherston should include some of the following:
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Additions to the flat The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. You would want to receive a copy of the lease Who has the liability for maintaining the window frames
I bought a garden flat in Sherston, conveyancing having been completed July 2008. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Sherston with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease terminates on 21st October 2096
You have 71 years left to run the likely cost is going to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.