We were just about to sign contracts for a freehold house in Whitnash. We have hit a snag. The loan offer with HSBC Bank runs out on 9/4/2019 but the vendors are insisting on a completion date of 11/4/2019. Can one extend the loan expiry date?
The best person to address this question is your conveyancer who will hopefully assess whether they corresponding with the bank, seller’s lawyers, estate agents or possibly all parties based on the history of your house move as of today.
It is is a decade since I bought my house in Whitnash. Conveyancing lawyers have just been appointed on the sale but I can't track down the title documents. Will this jeopardise the sale?
Don’t worry too much. Firstly the deeds may be kept by the lender or they may be in the possession of the solicitor who handled the purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Nearly all conveyancing in Whitnash relates to registered property but in the unlikely event that your property is unregistered it adds to the complexity but is resolvable.
My house in Whitnash is up for sale and I have a purchaser. Does my property lawyer have to be on the Kent Reliance conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Kent Reliance conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
Should commercial conveyancing searches reveal planned roadworks that may affect a commercial premises in Whitnash?
Many commercial conveyancing solicitors in Whitnash will perform a SiteSolutions Highways report as it reduces the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Whitnash. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Whitnash.
For every commercial conveyancing transaction in Whitnash it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Whitnash commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Whitnash.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one close by in Whitnash I like with open areas and station nearby, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Whitnash suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage the remaining unexpired lease term will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.