We were just about to exchange contracts for a garden flat in Armthorpe. We have hit a snag. The mortgage offer with Godiva Mortgages Ltd expires on 26/3/2025 but the owners are suggesting a completion date of 28/3/2025. Can one prolong the loan offer?
The person best placed to address this concern is your lawyer who is in a position to calculate if he or she is corresponding with the mortgage company, seller’s conveyancers, selling agents or indeed all parties given what has happend in your transaction to date.
My wife and I are purchasing a flat in Armthorpe. I might seem paranoid but how we can trust a lawyer? At some point we have to deposit our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
This question may be naive but I am wet behind the ears as FTB of a garden flat in Armthorpe. Do I pick up the keys to the house on completion from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Armthorpe?
On the day of completion you will not be required to attend the conveyancers office in Armthorpe. Your solicitors will arrange to send the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you should be invited to collect the keys from the property Agents and start moving into the property. Usually this occurs early afternoon.
Completion of my remortgage has taken place for my property in Armthorpe. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I am looking for a flat up to £195,000 and found one near me in Armthorpe I like with a park and station nearby, however it's only got 49 years on the lease. I can't really find anything else in Armthorpe suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage that many years will be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
What does commercial conveyancing in Armthorpe cover?
Non domestic conveyancing in Armthorpe incorporates a wide array of advice, given by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
There are only Seventy years remaining on my lease in Armthorpe. I need to extend my lease but my landlord is can not be found. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to demonstrate that you have done all that could be expected to find the freeholder. For most situations a specialist may be useful to try and locate and to produce a report which can be used as evidence that the landlord can not be located. It is advisable to get professional help from a solicitor in relation to proving the landlord’s disappearance and the application to the County Court covering Armthorpe.
I invested in buying a leasehold flat in Armthorpe, conveyancing having been completed half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Armthorpe with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease finishes on 21st October 2090
You have 65 years remaining on your lease we estimate the premium for your lease extension to span between £13,300 and £15,400 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 advice on the actual costs in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.