We were just about to sign contracts for a freehold house in Thrapston. We encountered a stumbling block. The mortgage offer with National Westminster Bank runs out on 10/4/2026 but the owners are putting forward a completion date of 14/4/2026. Can one extend the mortgage expiry date?
The person best placed to deal with your question is your conveyancer who should calculate whether they better off negotiating with the lender, owner’s conveyancers, estate agents or conceivably all parties taking into account the history of your transaction as of today.
Can I use your services to locate a Conveyancing solicitor in Thrapston even if I’m not buying or disposing of a house, for instance where I want to acquire a shop in Thrapston with a mortgage from Clydesdale?
The service is mainly used to select residential conveyancing solicitors in Thrapston but we have listed at the bottom of this page a selection of Thrapston commercial conveyancing firms. You will need to speak with the company directly to see if they are also authorised to represent Clydesdale
I am downsizing from our property in Thrapston and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any high street Thrapston lawyer would know this is not the case. It does beg the question why the purchasers are using a web based conveyancing outfit as opposed to a conveyancing solicitor in Thrapston. We have lived in Thrapston for three years we know that this is a non issue. Is it a good idea to contact our local Authority to get clarification need.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Thrapston is where the house is located. Is there any advice you can impart?
Flying freeholds in Thrapston are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Thrapston you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Thrapston may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
In what way can the Landlord & Tenant Act 1954 affect my commercial offices in Thrapston and how can your lawyers assist?
The particular law that you refer to affords a safeguard to commercial lessees, giving them the dueness to apply to court for a new lease and remain in occupation when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Thrapston
When it comes to leasehold conveyancing in Thrapston what are the most frequent lease problems?
Leasehold conveyancing in Thrapston is not unique. Most leases are drafted differently and drafting errors can result in certain sections are missing. For example, if your lease is missing any of the following, it could be defective:
-
Maintenance charge proportions which don’t add up to the correct percentage
You will encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , Barnsley Building Society, and Bank of Ireland all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to withdraw.
Leasehold Conveyancing in Thrapston - Examples of Questions you should ask before Purchasing
-
How many of the leaseholders are in arrears for their maintenance charge payments? Can you tell me if there are any major works in the planning that could add a premium to the service costs?