We are about to sign contracts for a property in Stotfold. We encountered a problem. The loan offer with Barclays Direct expires on 9/7/2021 but the vendors are putting forward a completion date of 13/7/2021. Is it possible to prolong the mortgage expiry date?
The person best placed to address this concern is your conveyancer who will determine whether he or she is better off negotiating with the lender, owner’s conveyancers, estate agents or conceivably all parties given what has happend in your transaction as of today.
It is a dozen years since I purchased my home in Stotfold. Conveyancing solicitors have recently been instructed on the sale but I am unable to find my title documents. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a chance that the deeds will be with your lender or they could be archived with the lawyers who acted in your purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining up to date copy of the land registers. Almost all conveyancing in Stotfold involves registered property but in the unlikely event that your home is unregistered it adds to the complexity but is resolvable.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. Stotfold is where the house is located. Can you shed any light on this issue?
Flying freeholds in Stotfold are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Stotfold you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stotfold 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 property.
What does commercial conveyancing in Stotfold cover?
Commercial conveyancing in Stotfold incorporates a wide array of guidance, supplied by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases 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.
We're novice buyers - agreed a price, yet the estate agent advised that the seller will only move forward if we use the agent's chosen solicitors as they want an ‘expedited deal’. We would rather use a high street conveyancer who is familiar with conveyancing in Stotfold
It is unlikely the vendors are driving this. Should the seller desire ‘a quick sale', alienating a genuine buyer is counter productive. Bypass the agents and go straight to the sellers and make sure they understand (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you will continue to instruct your own,trusted Stotfold conveyancing solicitors - rather thanthose that will give their estate agent a kickback or meet his conveyancing figures pre-set by senior management.