We are a couple about to exchange contracts for a property in Ascot. We encountered a stumbling block. Our mortgage offer with National Westminster Bank runs out on 1/12/2025 but the owners are putting forward a completion date of 3/12/2025. Can one prolong the mortgage offer?
The person best placed to address this concern is your solicitors who is in a position to assess whether they corresponding with the mortgage company, vendor’s conveyancers, selling agents or conceivably all three taking into account the circumstances your conveyancing to date.
Why is leasehold purchase conveyancing in Ascot is more expensive?
The conveyancing charges on a leasehold property in Ascot is inevitably higher as compared to a freehold property. This is due to the extra time required in dealing with the freeholder and management company to obtain information about whether the rent and maintenance charges have been cleared and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the building.
Just bought a terraced house in Ascot , how long will it take for the Land Registry to register my proprietorship? My Ascot conveyancing solicitor has been very slow, so I want to check the post completion formalities are concluded.
There is nothing unique about conveyancing in Ascot registration formalities. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether it is in order and if the Land registry must send notices to any 3rd parties. As of today in the region of 80% of submission are fully dealt with in less than three weeks but some can be subject to protracted hold-ups. Historically registration occurs once the new owner is living at the premises thus 'speed' is not typically an essential issue but if it is urgent that the the registration takes place urgently then you or your lawyers could speak with the land registry and explain the circumstances.
I decided to have a survey carried out on a house in Ascot prior to appointing lawyers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some banks may refuse to give a loan on this type of property.
It varies from the lender to lender. Santander has different instructions from Halifax. If you e-mail us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ascot. Conveyancing will be smoother if you use a solicitor in Ascot especially if they regularly deal with such properties in Ascot.
I need to retain a conveyancing solicitor for freehold conveyancing in Ascot. I happened to chance upon a web site which seems to have the ideal answer If there is a chance to get all the legals done via email that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?