We are about to sign contracts for a property in West Ealing. We have hit a problem. The loan offer with Coventry Building Society expires on 10/5/2023 but the owners are putting forward a completion date of 12/5/2023. Can one extend the loan offer?
The best person to address this concern is your lawyer who will hopefully assess if they should be discussing with the bank, vendor’s representatives, estate agents or possibly all parties based on what has happend in your house move to date.
Why is leasehold purchase conveyancing in West Ealing is more expensive?
The conveyancing fees on a leasehold property in West Ealing is often greater as compared to a freehold acquisition or disposal. This is due to the additional time necessary in liaising with the freeholder and management company to obtain information about whether the rent and service charges have been discharged and whether there are any major works due in the near future on repairs or maintenance of the block.
My wife and I have recently appointed a conveyancing solicitor in West Ealing. I I would like to check whether they are on the Chelsea Building Society conveyancing panel. Can you or the lender confirm if they are on the panel?
The first thing you should do is phone your conveyancer and ask them if they are on the lender panel. Alternatively you should get in touch with Chelsea Building Society who may be able to assist.
About to purchase a new build apartment in West Ealing. Conveyancing is daunting 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 legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in West Ealing
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I have been on the look out for a leasehold apartment up to £235,500 and found one near me in West Ealing I like with open areas and transport links nearby, however it's only got 49 years on the lease. I can't really find anything else in West Ealing in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan the shortness of the lease may be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
In what way can the Landlord & Tenant Act 1954 affect my business premises in West Ealing and how can you help?
The particular law that you refer to provides a safeguard to commercial lessees, granting the a statutory right to apply to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. West Ealing is one of the hundreds of locations in which our lawyers have offices