We are a couple about to exchange contracts for a property in Long Eaton. We encountered a snag. Our mortgage offer with Nottingham Building Society expires on 19/1/2024 but the owners are suggesting a completion date of 23/1/2024. Is it possible to prolong the loan expiry date?
The person best placed to deal with your issue is your conveyancer who will assess if they better off negotiating with the bank, seller’s conveyancers, estate agents or conceivably all three based on the circumstances your transaction as of today.
I am aiming to move property in January. Should my conveyancing solicitor update the removal company on the day of completion. On a separate note, can you recommend a removal company in Long Eaton. Conveyancing lawyer was chosen before I stumbled across your site.
On the day of completion you can pick up the house keys from your property agent however this can only be done after the previous owners lawyers confirm to the agent that the monies to complete are in and the keys can be collected. Subsequently you will need to advise the removal men that you are ready to move in. As a matter of policy we do not suggest a specific removal organisation but can assist you in locating a residential property solicitor in Long Eaton or a lawyer that specialises in conveyancing in Long Eaton.
Can you point me to a directory of Yorkshire BS panel conveyancers in Long Eaton on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the CML or Building Society Association websites. A small selection of banks make their panel listings open the public on the web. Where you are seeking to appoint a Long Eaton conveyancing practitioner on the Yorkshire BS please use our facility.
We had chosen solicitors based in Long Eaton on the Yorkshire BS solicitor panel. They have just billed me a separate sum for handling the Yorkshire BS mortgage. Is this an additional conveyancing fee set by Yorkshire BS?
Unfortunately, so long as it is in their Terms of Engagement or Quote then yes your conveyancing practitioner can charge a fee for this. This charge is not dictated by Yorkshire BS but by your Long Eaton lawyer. Some firms on the Yorkshire BS panel will quote ’dealing with mortgage’ fee but plenty of firms incorporate it on their overall fee.
I need some fast conveyancing in Long Eaton as I have pressure to complete within one month. Luckily I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
As you are not obtaining a home loan you are at liberty not to do searches although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Long Eaton the following are instances of issues that can arise and therefore impact the marketability of the property: Enforcement Notices, Overdue Charges, Outstanding Grants, Road Schemes,...
I've recently found out that there is a flying freehold element on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Long Eaton is where the house is located. Can you shed any light on this issue?
Flying freeholds in Long Eaton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Long Eaton you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Long Eaton may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I've found a house that seems to be perfect, at a great price which is making it more attractive. I have subsequently been informed that the title is leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Long Eaton. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
Most houses in Long Eaton are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are purchasing in Long Eaton in which case you should be looking for a Long Eaton conveyancing practitioner and check that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’spermission to carry out alterations. It may be necessary to pay a contribution towards the upkeep of the estate where the property is part of an estate. Your conveyancer will appraise you on the various issues.
I purchased a split level flat in Long Eaton, conveyancing was carried out April 2002. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Long Eaton with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease comes to an end on 21st October 2076
You have 53 years left to run we estimate the premium for your lease extension to range between £27,600 and £31,800 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.