We were just about to exchange contracts for a leasehold flat in Fakenham. We have hit a problem. Our loan offer with Bank of Scotland expires on 21/3/2025 but the sellers are insisting on a completion date of 25/3/2025. Is it possible to prolong the loan expiry date?
The best person to address this issue is your lawyer who will assess whether they corresponding with the bank, owner’s conveyancers, estate agents or possibly all three based on what has happend in your transaction as of today.
Finally the sale completed on my house in Fakenham last August yet the purchaser is telephoning daily to say his solicitor is waiting to hear from mylawyer. What are the post completion sale legalities now that I have sold?
Post completion of your house sale your lawyer should forward the transfer deeds and all of the paperwork to the purchaser's solicitors. If applicable, your lawyer should also confirm that the home loan has been redeemed to the buyers solicitors. There are no post completion steps unique to conveyancing in Fakenham.
I am purchasing a house and the lawyer has identified Chancel Repair for which the house may be liable because it falls into the area of such a church. She has mentioned insurance. Is this strictly appropriate for conveyancing in Fakenham
Unless a prior purchase of the property took place after 12 October 2013 you may take it that conveyancing practitioners carrying out conveyancing in Fakenham to remain recommending a chancel search and or chancel repair liability policy.
Over the last few months I have been searching for a flat up to £245,000 and found one close by in Fakenham 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 Fakenham suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan that many years will likely be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
I am looking for Fakenham online conveyancing estimates. Can I be assured that all the Fakenham firms that are identified on your website are on the mortgage company conveyancing panel?
The law firms on our directory have advised us that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a lender or a member of the public that the data about a specific Fakenham conveyancing solicitor being on the bank conveyancing panel is not accurate.