I am getting a offer of a home loan from Halifax. I hope to enlist the help of a Licensed Conveyancer in East Hunsbury. Does the Halifax Solicitor panel allow for conveyancers regulated by the CLC?

The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.

We are a couple about to sign contracts for a garden flat in East Hunsbury. We encountered a snag. Our loan offer with Clydesdale runs out on 17/6/2024 but the vendors are insisting on a completion date of 19/6/2024. Is it possible to prolong the mortgage offer?

The person best placed to address this concern is your conveyancer who is in a position to assess whether he or she is corresponding with the lender, vendor’s representatives, estate agents or indeed all three given the circumstances your house move as of today.

Will commercial conveyancing searches disclose impending roadworks that could impact a commercial premises in East Hunsbury?

Many commercial conveyancing solicitors in East Hunsbury will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in East Hunsbury. 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 East Hunsbury.

For each commercial conveyancing transaction in East Hunsbury it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to East Hunsbury commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in East Hunsbury.

I have been on the look out for a flat up to £305k and identified one near me in East Hunsbury I like with a park and railway links in the vicinity, the downside is that it only has 49 years on the lease. I can't really find anything else in East Hunsbury for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?

Should you require a mortgage that many years will be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.

I work for a busy estate agent office in East Hunsbury where we see a number of flat sales derailed due to short leases. I have received inconsistent advice from local East Hunsbury conveyancing firms. Please can you confirm whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

East Hunsbury Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to buying

The answer will be helpful as a) areas may result in problems for the block as the common areas may begin to deteriorate if repairs remain unpaid b) if the leaseholders have an issue with the managing agents you will wish to know about it Are any of leasehold owners in dispute over their service charge liability? Make sure you discover if there is anything that is prohibited in the lease. For instance it is reasonably common in East Hunsbury leases that pets are not permitted in in a block in East Hunsbury. If you like the propertyin East Hunsbury however your cat is not allowed to move with you then you will be presented with a hard compromise.