We were just about to sign contracts for a property in Basildon. We have hit a problem. Our loan offer with HSBC Bank expires on 15/7/2022 but the vendors are insisting on a completion date of 19/7/2022. Is it possible to prolong the mortgage expiry date?
The best person to address this issue is your conveyancer who will hopefully determine if they should be discussing with the mortgage company, vendor’s representatives, property agents or possibly all parties based on the history of your transaction as of today.
I am purchasing a house and the conveyancer has mentioned Chancel Repair for which the property may be obligated to contribute to as it falls into the area of such a church. He has suggested insurance. Is this really appropriate for conveyancing in Basildon
Unless a prior purchase of the premises completed post 12 October 2013 you may assume that solicitors conducting conveyancing in Basildon to remain recommending a chancel search and or insurance against a claim.
I own a renovated Victorian house in Basildon. Conveyancing solicitor acted for me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Basildon and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing lawyer who conducted the purchase.
Taking into account that I will soon spend over three hundred thousand on a garden flat in Basildon I would like to have a conversation with the conveyancer about myhome move in advance of instructing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor due to be conducting your property ownership legalities in Basildon.There is no ‘factory style conveyancing’ - every client is an important individual, not a case number. The solicitors that we put you in touch with believe that the fees you are provided with for residential conveyancing in Basildon should be the figure that you are charged.
Can you offer any advice when it comes to choosing a Basildon conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a conveyancer for your lease extension (regardless if they are a Basildon conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Basildon conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:
What volume of lease extensions have they carried out in Basildon in the last 12 months? How experienced is the practice with lease extension legislation?
Basildon Leasehold Conveyancing - Examples of Queries Prior to buying
Are any of leasehold owners in arrears of their service charge payments? Please note if it is fewer than 80 years it will impact the value of the apartment. Check with your bank that they are happy with the length of the lease. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of how much this will be. Remember, in most cases you would need to own the residence for a couple of years before you are eligible to extend the lease.