We were just about to sign contracts for a freehold house in Whittlesey. We encountered a problem. Our loan offer with expires on but the sellers are putting forward a completion date of . Can one extend the loan expiry date?

The person best placed to deal with your question is your conveyancer who is in a position to determine whether they better off negotiating with the lender, owner’s lawyers, selling agents or conceivably all parties based on the circumstances your conveyancing as of today.

At what point will exchange of contracts occur in domestic conveyancing in Whittlesey and am I required to attend the solicitors branch?

Where you are round the corner to one of the conveyancing solicitors in Whittlesey you are welcome to come in to sign the paperwork. However, the firms we recommend offer countrywide coverage for conveyancing and give just as diligent and professional a job for you when dealing with you electronically. The signing of the property agreement is not when everything is set in stone. Signing on the dotted line is necessary for the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Whittlesey)to be in the office available at the end of the phone to exchange contracts.

What does a local search inform me about the house we're buying in Whittlesey?

Whittlesey conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations for instance Searchflow The local search is essential in every Whittlesey conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search should provide data on, amongst other things, details on planning applications relevant 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 topic areas.

Over the last few months I have been searching for a ground for flat up to £235,500 and identified one near me in Whittlesey I like with a park and station nearby, however it's only got 51 years on the lease. There is not much else in Whittlesey for this price, so just wondered if I would be making a mistake buying a short lease?

Should you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.

I am the registered owner of a 1 bedroom flat in Whittlesey, conveyancing was carried out 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Whittlesey with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ends on 21st October 50

With 50 years remaining on your lease the likely cost is going to range between £36,100 and £41,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.