We were just about to sign contracts for a freehold house in South Petherton. We have hit a problem. The mortgage offer with Barnsley Building Society expires on 15/4/2019 but the sellers are insisting on a completion date of 17/4/2019. Can one prolong the mortgage offer?
The person best placed to deal with your question is your lawyer who will determine if he or she is corresponding with the mortgage broker, seller’s lawyers, property agents or indeed all parties taking into account what has happend in your conveyancing as of today.
I need some quick conveyancing in South Petherton as I am under an ultimatum to sign on the dotted line in less than one month. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to do searches although no lawyer would suggest that you don't. Drawing on years of experience of conveyancing in South Petherton the following are examples of what can show up and adversely impact future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Road Schemes,...
The estate agent has sent us the confirmation of our purchase of a new build apartment in South Petherton. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in South Petherton
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am looking for a ground for flat up to £235,500 and found one round the corner in South Petherton I like with amenity areas and transport links in the vicinity, the downside is that it only has 49 years on the lease. I can't really find anything else in South Petherton for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan that many years may be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
What does commercial conveyancing in South Petherton cover?
Non domestic conveyancing in South Petherton incorporates a broad range of services, given by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer 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 leases.