We are a couple about to sign contracts for a freehold house in Battle. We have hit a problem. The loan offer with Accord Mortgages Ltd runs out on 13/12/2021 but the sellers are putting forward a completion date of 15/12/2021. Is it possible to extend the mortgage expiry date?
The best person to address this issue is your lawyer who is in a position to calculate if they corresponding with the mortgage broker, vendor’s conveyancers, estate agents or possibly all three given what has gone on in your conveyancing as of today.
Do commercial conveyancing searches disclose proposed roadworks that could impact a commercial estate in Battle?
Many commercial conveyancing solicitors in Battle will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Battle. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Battle.
For each commercial conveyancing transaction in Battle it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Battle commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Battle.
Just had an offer accepted on a new build flat in Battle. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Battle
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I opted to have a survey done on a house in Battle ahead of retaining conveyancers. I have been informed that there is a flying freehold element to the house. The surveyor advised that some mortgage companies tend not grant a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. If you e-mail us we can investigate further 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 Battle. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Battle to see if the conveyancing costs will increase in light of this.
Planning to exchange soon on a studio apartment in Battle. Conveyancing lawyers have said that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Battle should include some of the following:
An explanation as to the provision as set out in the lease to pay service charges - in respect of the block, and the wider rights a leaseholder enjoys Does the lease prevent you from letting out the flat, or working from home Specifying your legal entitlements in respect of common areas in the block.E.G., does the lease grant a right of way over an accessway or hallways? You should be informed what is to be regarded as a Nuisance in the lease The physical ownership of the premises. This may be the apartment itself but could also include a roof space or cellar if appropriate.
I bought a 2 bed flat in Battle, conveyancing was carried out 8 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Battle with over 90 years remaining are worth £265,000. The ground rent is £50 levied per year. The lease terminates on 21st October 2097
With just 76 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.