We are about to exchange contracts for a garden flat in Snaith. We encountered a snag. The loan offer with Accord Mortgages Ltd expires on 8/9/2025 but the sellers are insisting on a completion date of 10/9/2025. Can one extend the loan expiry date?
The best person to address this question is your lawyer who is in a position to assess whether they better off negotiating with the lender, vendor’s conveyancers, property agents or conceivably all parties based on the circumstances your conveyancing as of today.
I used Arc property Solicitors several years ago for my conveyancing in Snaith. Now, I need the files but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Snaith of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Am I better off to choose a Snaith conveyancing lawyer based in the area that I am purchasing? An old friend can deal with the conveyancing however her office is 300kilometers drive away.
The benefit of a local Snaith conveyancing practice is that you can attend the office to execute documents, hand in your ID and pester them if necessary. Having local Snaith know how is a benefit. However it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and in the main were content that must trump using an unknown Snaith conveyancing lawyer solely due to them being local.
There are only 72 years unexpired on my flat in Snaith. I need to extend my lease but my freeholder is can not be found. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. You will be obliged to demonstrate that you have done all that could be expected to find the lessor. For most situations a specialist should be helpful to conduct investigations and to produce an expert document which can be accepted by the court as proof that the freeholder can not be located. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s absence and the application to the County Court overseeing Snaith.
I am the registered owner of a 1 bedroom flat in Snaith, conveyancing formalities finalised December 2012. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Snaith with over 90 years remaining are worth £202,000. The ground rent is £60 levied per year. The lease comes to an end on 21st October 2082
With 57 years unexpired we estimate the premium for your lease extension to span between £28,500 and £33,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. You should 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 clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.
Been on the hunt for a conveyancer for leasehold sale conveyancing in Snaith. I'm selling, simple no mortgage to redeem, no rush, currently empty. Received an estimate from a solicitor for £800 plus VAT which is a little expensive given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Snaith?
As it’s a sale only, £500 + VAT is likely to be about the best for sale conveyancing in Snaith.