We were just about to sign contracts for a ground floor flat in Tintagel. We encountered a snag. Our loan offer with Bank of Ireland runs out on 27/9/2021 but the vendors are suggesting a completion date of 29/9/2021. Is it possible to extend the mortgage offer?
The best person to deal with your concern is your conveyancer who will assess whether they should be discussing with the mortgage broker, seller’s lawyers, property agents or conceivably all parties based on the circumstances your transaction as of today.
Despite weeks of looking the Title Certificate and documents to our property are lost. The conveyancers who did the conveyancing in Tintagel 5 years ago no longer exist. What are my options?
As long as you have a registered title the information relating to your proprietorship will be retained by HMLR under a Title Number. It is possible to execute a search at the Land Registry, find your property and order up to date copies of the Registered Entries for less than a fiver. Where the title is Leasehold then the Land Registry will also normally hold a certified copy of the Registered Lease and again, a copy can be ordered for twenty pounds.
I'm converting the mortgage on my existing house to a buy to let mortgage with Halifax and intend to use the remaining equity as a down payment on a second property. The neighborhood we are interested in is Tintagel. Will your lawyers be able to act for both sets of mortgage companies and tie in the two deals?
Do use our search tool on this page to be sure that the solicitors are on the appropriate lender panels. Having checked that they are the lawyer will be able to simultaneously deal with the two conveyancing matters but you should talk with you solicitor and specify your desired outcome and needs.
Last February I purchased a leasehold property in Tintagel. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a leasehold flat in Tintagel, conveyancing was carried out in 1996. How much will my lease extension cost? Equivalent flats in Tintagel with a long lease are worth £222,000. The ground rent is £50 yearly. The lease runs out on 21st October 2092
With 71 years left to run we estimate the price of your lease extension to span between £9,500 and £11,000 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 provide a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
I am not able to travel my Tintagel conveyancing lawyers office to execute documents for conveyancing in Tintagel – will this be problematic?
You need not be concerned. Tintagel conveyancing solicitors can undertake home moves for clients throughout the rest of the country. It is not necessary for you to be able to attend a Tintagel conveyancers office. Almost all lawyer can handle everything via phone, post and email - whatever works for you.