We are a couple about to sign contracts for a freehold house in Norton Woodseats. We encountered a snag. The mortgage offer with HSBC Bank expires on 3/11/2025 but the vendors are suggesting a completion date of 5/11/2025. Can one prolong the loan expiry date?
The best person to address this question is your lawyer who should determine if he or she is should be discussing with the bank, owner’s conveyancers, property agents or indeed all parties given what has gone on in your conveyancing to date.
What can a local search tell me concerning the house my wife and I purchasing in Norton Woodseats?
Norton Woodseats conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company such as Xpress Legal The local search is essential in every Norton Woodseats conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search will supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
The deeds to my home can not be found. The solicitors who dealt with the conveyancing in Norton Woodseats 4 years ago no longer exist. What are my next steps?
Gone are the days when you need to hold title deeds to establish that you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.
I am buying a new build apartment in Norton Woodseats. Conveyancing is daunting 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 is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Norton Woodseats
-
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
We expect to complete the disposal of our £275,000 flat in Norton Woodseats in 5 days. The freeholder has quoted £312 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in Norton Woodseats?
Norton Woodseats conveyancing on leasehold maisonettes normally involves the buyer’s lawyer sending questions for the landlord to answer. Although the landlord is under no legal obligation to address such questions most will be content to do so. They are at liberty to levy a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some situations it is in excess of £800. The management information fee demanded by the landlord must be sent together with a summary of rights and obligations in respect of administration charges, without which the invoice is not strictly payable. In reality one has no choice but to pay whatever is requested of you if you want to complete the sale of your home.
I bought a studio flat in Norton Woodseats, conveyancing was carried out in 2003. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Norton Woodseats with over 90 years remaining are worth £202,000. The ground rent is £60 levied per year. The lease ceases on 21st October 2082
With just 57 years unexpired the likely cost is going to be between £28,500 and £33,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.