We were just about to sign contracts for a freehold house in Seaham. We encountered a problem. The loan offer with The Royal Bank of Scotland expires on 31/7/2023 but the owners are suggesting a completion date of 2/8/2023. Can one prolong the mortgage offer?
The person best placed to address this issue is your conveyancer who should assess whether they should be discussing with the mortgage broker, vendor’s solicitors, selling agents or indeed all parties based on what has happend in your house move as of today.
Me and my brother own a terraced Edwardian property in Seaham. Conveyancing practitioner acted for me and Barclays . I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold under the exact same address. Is it worth asking Barclays to clarify?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Seaham 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 lenders. You can also enquire as to the position with your conveyancing solicitor who completed the work.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a quick, no chain conveyancing. Seaham is where the house is located. Can you shed any light on this issue?
Flying freeholds in Seaham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Seaham you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Seaham may decide 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 premises.
What does commercial conveyancing in Seaham cover?
Seaham conveyancing for business premises covers a wide array of advice, supplied by regulated solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
In my capacity as executor for the estate of my uncle I am selling a residence in Swansea but I am based in Seaham. My lawyer (based 235 miles from meneeds me to sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing practitioner in Seaham to witness and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are Seaham based