We are about to sign contracts for a freehold house in Carbis Bay. We have hit a problem. Our mortgage offer with Bank of Ireland expires on 29/9/2021 but the sellers are suggesting a completion date of 1/10/2021. Can one extend the mortgage offer?
The person best placed to deal with your question is your solicitors who is in a position to calculate whether he or she is better off negotiating with the lender, seller’s conveyancers, selling agents or indeed all three given the history of your house move to date.
When can the exchange of contracts take place for domestic conveyancing in Carbis Bay and am I required to be at the solicitors office?
If you are near to one of the conveyancing solicitors in Carbis Bay you are invited in to sign contracts. However, the law practices we work with supply countrywide coverage for conveyancing and give as equally comprehensive and professional a job for you when dealing with you by post or email. The executing of the contract is not the critical part. Signing on the dotted line is just a prerequisite for the conveyancer to address the formalities at the suitable time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Carbis Bay)to be in the office available at the end of the phone to exchange contracts.
I used Stirling Law a few years ago for my conveyancing in Carbis Bay. I now require my file but the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Carbis Bay of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey carried out on a house in Carbis Bay ahead of appointing lawyers. I have been told that there is a flying freehold aspect to the house. Our surveyor advised that some banks tend refuse to grant a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Carbis Bay. Conveyancing will be smoother if you use a solicitor in Carbis Bay especially if they regularly deal with such properties in Carbis Bay.
I only have Sixty One years left on my flat in Carbis Bay. I am keen to get lease extension but my freeholder is missing. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to find the landlord. In some cases a specialist would be helpful to carry out a search and prepare a report to be used as evidence that the landlord can not be located. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s disappearance and the application to the County Court covering Carbis Bay.
Carbis Bay Leasehold Conveyancing - Sample of Questions you should consider before Purchasing
Many Carbis Bay leasehold apartments will have a service bill for the upkeep of the building invoiced on behalf of the management company. Where you purchase the property you will have to meet this contribution, usually in instalments during the year. This can be anything from a few hundred pounds to thousands of pounds for buildings with lifts and large common grounds. There will also be a ground rent for you to pay yearly, this is usually not a exorbitant sum, say around £25-£75 but you should to check as sometimes it could be many hundreds of pounds. Does the lease have onerous restrictions? How many years are left on the lease?