We were just about to exchange contracts for a property in Eynsham. We encountered a problem. The loan offer with Lloyds TSB Bank runs out on 17/6/2019 but the owners are putting forward a completion date of 19/6/2019. Is it possible to prolong the loan offer?
The best person to deal with your issue is your solicitors who is in a position to calculate if he or she is should be discussing with the bank, vendor’s representatives, selling agents or conceivably all three taking into account what has happend in your conveyancing to date.
My grandfather passed away last year and as sole heir and executor I was left the property in Eynsham. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this allowed?
If you intend to refinance then TSB will insist on your using a conveyancer on the TSB conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your TSB conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the TSB mortgage is registered as a charge at the Land Registry.
My wife and I purchased a semi-detached Edwardian house in Eynsham. Conveyancing lawyer represented me and Aldermore. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be 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 Eynsham and other locations in 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 check the position with your conveyancing practitioner who conducted the purchase.
The estate agent has sent us the confirmation of our purchase of a new build flat in Eynsham. Conveyancing is a frightening process 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 legal work.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Eynsham
Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I am looking into buying my first house which is in Eynsham and I am already nervous. I couldn't find anything specific about Eynsham. Conveyancing will be needed in due course but do you know about the Eynsham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Eynsham. In the meantime here are some basic statistics that we found