We are about to exchange contracts for a leasehold flat in Widdrington. We have hit a problem. The mortgage offer with Bank of Scotland expires on 10/4/2024 but the owners are suggesting a completion date of 12/4/2024. Can one prolong the loan expiry date?
The best person to address this question is your solicitors who will hopefully determine whether he or she is should be discussing with the lender, owner’s solicitors, selling agents or possibly all parties based on the circumstances your conveyancing to date.
My bid for a property was accepted at auction in Widdrington. Conveyancing is needed. What happens now?
Given that you have now legally bound yourself to purchase you will need to choose a conveyancing practitioner as a matter of urgency as you are facing a pending a drop dead date to complete the property. Every auction property should have a corresponding auction set of papers. This will include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the legal pack should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You must pass this on to the conveyancer working for you as soon as possible. Do make sure that your finances are in place to complete on the date specified in the contract.
My wife and I are in the throws of viewing apartments in Widdrington and I am now considering a potential offer. Is it too early to have a solicitor in place? I will be getting a mortgage with Clydesdale.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are seeking a mortgage with Clydesdale, make sure you remember to check that your lawyer is on the Clydesdale conveyancing panel.
I am selling my apartment. I had a double glazing fitted in January 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Principality are being pedantic. The Widdrington solicitor who is on the Principality conveyancing panel is saying indemnity insurance will be fine but Principality are insisting on a building regulation certificate. Why do Principality have a conveyancing panel if they don't accept advice from them?
It is probably the case that Principality have referred the matter to their valuer. The reason why Principality may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Despite weeks of looking the Title Certificate and documents to my house are lost. The lawyers who dealt with the conveyancing in Widdrington 5 years ago no longer exist. Will I be able to sell the house?
In today’s world there are copies made of almost everything, and your conveyancer will know exactly where to locate all the appropriate documentation so you may purchase or dispose of your house without a hitch. Where copies are not available, your conveyancer can arrange cover in the form of insurance or indemnities protecting you against future claims on the premises.
Due to the input of my in-laws I had a survey completed on a property in Widdrington prior to retaining lawyers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some mortgage companies will not issue a loan on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Widdrington. Conveyancing may be slightly more expensive based on your lender's requirements.
I was pointed in your direction by two or three local selling agents in Widdrington to locate a property lawyer using your seach tool. Is there a financial inducement for Estate Agents to promote your site over alternative conveyancing organisations?
We refuse to offer any referral fee for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission because members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I am in need of some leasehold conveyancing in Widdrington. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Widdrington - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a split level flat in Widdrington, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Widdrington with over 90 years remaining are worth £192,000. The ground rent is £55 per annum. The lease ceases on 21st October 2078
With 54 years left to run the likely cost is going to range between £32,300 and £37,400 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.