We are about to exchange contracts for a garden flat in Stourport On Severn. We have hit a stumbling block. Our mortgage offer with TSB expires on 1/4/2026 but the vendors are suggesting a completion date of 7/4/2026. Is it possible to extend the mortgage expiry date?
The person best placed to address this question is your solicitors who will calculate if they better off negotiating with the mortgage broker, owner’s solicitors, property agents or possibly all parties given the history of your house move to date.
Completed the sale of my flat in Stourport On Severn last November but the buyer keeps whats apping every few hours complaining that her solicitor is waiting to hear from mylawyer. What should have happened now that I have sold?
Post completion of your house sale your conveyancer is committed to send the transfer deeds and all supplemental paperwork to the buyer’s solicitors. If applicable, your lawyer must also evidence 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 Stourport On Severn.
Due to the guidance of my in-laws I had a survey completed on a property in Stourport On Severn in advance of retaining lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some banks may not issue a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Stourport On Severn. Conveyancing will be smoother if you use a solicitor in Stourport On Severn especially if they are acquainted with such properties in Stourport On Severn.
Hoping to buy a property located in Stourport On Severn and I am already nervous. I couldn't find anything specific about Stourport On Severn. Conveyancing will be needed in due course but do you know about the Stourport On Severn area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stourport On Severn. In the meantime here are some basic statistics that we found
I work for a busy estate agency in Stourport On Severn where we see a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have received contradictory information from local Stourport On Severn conveyancing firms. Can you clarify whether the owner of a flat can commence the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Stourport On Severn Leasehold Conveyancing - Sample of Queries Prior to buying
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How much is the ground rent and service charge? You will want to find out as much as possible about the managing agents as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are frequently at the mercy of the managing agents both financially and when it comes to practical issues such as the cleanliness of the common parts. Enquire of other tenants whether they are happy with them. On a final note, find out the dates that the maintenance fees are due to the managing agents and specifically what it includes. On the whole the cost for major works tend not to be included within service charges, albeit that a few managing agents in Stourport On Severn obliged leasehold owners to pay into a sinking fund and this is used to offset against major repairs or maintenance.
Should one as executor remove a departed person's name from the title register for a property in Stourport On Severn?
If a Stourport On Severn property is jointly owned and one of the owners dies, the name will not automatically be removed from the Land Registry title. You are not required to remove their name as in the event of a disposal you would just be required to evidence why the other proprietor is not included in the transfer, normally this takes the form of the probate documents.
With the aim of making things smoother for the sale of the property you may apply to have the deceased person erased from the title register by submitting an application to the land registry with evidence of the death. There is no land registry fee payable.