We are a couple about to sign contracts for a semi detached house in Matlock. We encountered a stumbling block. The loan offer with The Mortgage Works expires on 1/7/2024 but the sellers are suggesting a completion date of 3/7/2024. Is it possible to extend the loan offer?
The person best placed to deal with your issue is your solicitors who will hopefully calculate whether they corresponding with the lender, owner’s solicitors, estate agents or possibly all parties given the history of your transaction to date.
It is is a decade since I acquired my house in Matlock. Conveyancing lawyers have now been instructed on the sale but I can't locate my title documents. Is this a major issue?
Don’t worry too much. First there is a chance that the deeds will be retained by the lender or they could be in the possession of the solicitor who oversaw your purchase. Secondly in all probability the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Nearly all conveyancing in Matlock relates to registered property but in the rare situation where your property is unregistered it is more of a problem but is not insurmountable.
What is the difference between a licensed conveyancer and conveyancing solicitor in Matlock
There are many registered licenced Conveyancers in Matlock and Solicitor firms in Matlock who can assist with your conveyancing It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can handle associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Is it the case that all Matlock solicitor firms on the Santander conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Santander approved list of solicitors they would need to be governed by the SRA. The majority of mortgage companies do permit licenced conveyancers on their panel and in that case the organisation would be governed by the CLC.
Skipton have agreed my home loan in principle, my offer on a flat in Matlock has been accepted, what are the next steps?
The property agent will wish to be advised as to your lawyer's details (ensure that the lawyers are on the bank’s panel). Telephone Skipton or the financial adviser and finalise any outstanding documentation. Skipton will sellect a valuer who will get in contact with the estate agent or owners to schedule a time for the valuation to occur. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Skipton will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Matlock.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what was supposed to be a quick, no chain conveyancing. Matlock is the location of the property. Is there any guidance you can give?
Flying freeholds in Matlock are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Matlock you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Matlock may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
In what way can the Landlord & Tenant Act 1954 impact my commercial offices in Matlock and how can you help?
The 1954 Act gives a safeguard to business lessees, granting the dueness to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Matlock is one of the many areas of the UK in which the firms we work with are based