We were just about to exchange contracts for a freehold house in South Woodham Ferrers. We have hit a problem. Our mortgage offer with Skipton Building Society expires on 11/7/2022 but the vendors are suggesting a completion date of 13/7/2022. Can one prolong the loan offer?
The best person to address this question is your conveyancer who will calculate whether they corresponding with the bank, owner’s lawyers, property agents or possibly all parties taking into account the circumstances your conveyancing to date.
We note that you have a post code search directory listing solicitors on the UBS conveyancing panel. Do firms pay you a referral fee if I appoint them for our own conveyancing in South Woodham Ferrers?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in South Woodham Ferrers.
I am about to put an offer on a leasehold flat in South Woodham Ferrers. The property agents tell me that it is the norm for flats in South Woodham Ferrers to have less than 75 years left on the lease. I am taking out a mortgage with Platform. Is this going to be acceptable if the lease has 72 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 10/5/2022 the requirements read as follows :
A friend advised me that where I am purchasing in South Woodham Ferrers I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard South Woodham Ferrers conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about South Woodham Ferrers around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the South Woodham Ferrers Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, South Woodham Ferrers Education with maps and statistics, Local Amenities and other useful information regarding South Woodham Ferrers.
Are there restrictive covenants that are commonly picked up as part of conveyancing in South Woodham Ferrers?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in South Woodham Ferrers. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’