We were just about to sign contracts for a freehold house in Ottershaw. We encountered a problem. Our loan offer with Coventry Building Society expires on 7/1/2025 but the vendors are putting forward a completion date of 9/1/2025. Is it possible to extend the loan expiry date?

The best person to deal with your issue is your solicitors who should assess whether he or she is better off negotiating with the mortgage company, owner’s solicitors, property agents or conceivably all parties given what has happend in your transaction as of today.

Various online forums that I have come across warn that are a common reason for stalling in Ottershaw house deals. Is this right?

The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Ottershaw.

I am buying a new build flat in Ottershaw. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Ottershaw

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.

I am a sole trader wishing to take over a lease of an office on a shopping parade. Can you recommend solicitors offering fixed fees for non-domestic conveyancing in Ottershaw for below 2k?

We can recommend firms who host a wealth of experience of commercial conveyancing in Ottershaw, including the sale and acquisition of businesses as well as simply property. Whether you are hoping to purchase or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can find you the right lawyer. As for the fees this will depend on the structure and terms of the proposed transaction. Please provide us with your details or email us so that we can provide you with a detailed commercial conveyancing calculation.

Back In 2006, I bought a leasehold house in Ottershaw. Conveyancing and Barclays Direct mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Ottershaw who acted for me is not around. What should I do?

First contact HMLR to make sure that this person is in fact the registered owner of the freehold reversion. There is no need to instruct a Ottershaw conveyancing firm to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Leasehold Conveyancing in Ottershaw - Sample of Queries Prior to buying

It is important to be aware if changing the roof or some other significant cost is pending to be shared between the leasehold owners and may well materially increase the the maintenance fees or require a specific invoice. What is the name of the managing agents? How many of the leaseholders are in arrears for their maintenance charge payments?