We are about to sign contracts for a garden flat in Basinghall. We have hit a snag. Our loan offer with Nationwide Building Society runs out on 23/3/2026 but the vendors are putting forward a completion date of 25/3/2026. Can one extend the mortgage offer?
The person best placed to deal with your issue is your conveyancer who is in a position to calculate whether he or she is should be discussing with the mortgage broker, owner’s conveyancers, selling agents or conceivably all parties taking into account the history of your house move as of today.
I got the keys to my flat on 5 August and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in Basinghall said it will be concluded in a couple of weeks. Are transfers in Basinghall particularly slow to register?
There is nothing unique about conveyancing in Basinghall registration formalities. Rather than based on location, timeframes can differ according to who lodges the application, whether there are errors and whether the Land registry must send notices to any third persons or bodies. As of today approximately three quarters of such applications are fully dealt with in less than three weeks but some can be subject to protracted delays. Registration is effected after the new owner is living at the property thus an expedited registration is not usually primary concern but if it is urgent that the the registration takes place urgently then you or your solicitor could speak with the land registry and explain the circumstances.
I am a sole trader looking to lease a unit on a shopping parade. Can you recommend solicitors offering competitive costs for non-domestic conveyancing in Basinghall for below 2k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Basinghall, including the disposal and purchase of businesses as well as simply property. Whether you are looking to acquire or lease a shop, pub, restaurant, office, retail unit or a whole business we will find you the right lawyer. Regarding the costs these will vary based on the structure and heads of terms of the deal. Let us have your details or call so as to enable us to provide you with a fixed commercial conveyancing quote.
I am a negotiator for a reputable estate agency in Basinghall where we have experienced a number of leasehold sales derailed as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Basinghall conveyancing solicitors. Could you confirm whether the vendor of a flat can instigate the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Having spent months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Basinghall. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to decide the amount due.
An example of a Lease Extension case for a Basinghall residence is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case related to 2 flats. The unexpired residue of the current lease was 72.39 years.
My step-mother completed her conveyancing in Basinghall Six years ago. She has been married, divorced and in recent months got married again. She now wants to dispose of the Basinghall property. I think she will simply be need to provide a copy of her marriage certificates to the lawyer but she is worried it could hold up the conveyancing. Should she appoint a conveyancing practitioner to update the land title documents for the property?
You are not required to bring up to date the register on the basis that you have the proof required to demonstrate how the change of name resulted.
Any purchaser’s property lawyer will review the land registry entries and ask for evidence to prove the change of name for example marriage documentation.