We were just about to exchange contracts for a ground floor flat in Crawcrook. We have hit a problem. Our loan offer with Lloyds TSB Bank expires on 23/2/2026 but the sellers are insisting on a completion date of 25/2/2026. Is it possible to extend the loan offer?
The person best placed to address this issue is your solicitors who is in a position to assess if they better off negotiating with the bank, owner’s representatives, property agents or possibly all parties given what has gone on in your house move as of today.
Having sold my house in Crawcrook last December yet the purchaser is texting daily to say his lawyer needs to hear from mine. What are the post completion sale formalities following completion?
Post completion of your disposal your lawyer is duty bound to send the transfer documentation and all additional paperwork to the buyer’s solicitors. Where relevant, your solicitor should also evidence that the mortgage has been discharged to the purchasers lawyers. There are no post completion procedures unique to conveyancing in Crawcrook.
My wife and I have recently appointed a conveyancing solicitor in Crawcrook. I I would like to check whether they are on the Barclays Direct conveyancing panel. Could you assist?
The first thing to do is call your conveyancer and ask them if they can act for the bank. Alternatively please call Barclays Direct who may be able to help.
Is it necessary to pay for insurance to address the risk of chancel repairs when buying a residence in Crawcrook?
Unless a previous purchase of the house completed post 12 October 2013 you could assume that conveyancing practitioners handling conveyancing in Crawcrook to remain recommending a chancel search and or chancel repair liability policy.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Crawcrook I like with open areas and railway links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Crawcrook suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.