We are a couple about to sign contracts for a freehold house in Canford Cliffs. We have hit a snag. Our mortgage offer with Britannia runs out on 16/11/2020 but the sellers are putting forward a completion date of 18/11/2020. Can one prolong the mortgage expiry date?
The person best placed to address this question is your conveyancer who is in a position to calculate if he or she is corresponding with the bank, owner’s solicitors, estate agents or conceivably all parties given what has gone on in your transaction to date.
There are numerous conveyancing solicitors in Canford Cliffs but how do I know who I should use?
Do not opt for the cheapest Canford Cliffs conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Canford Cliffs?
Two types of professional can perform conveyancing in Canford Cliffs namely CLC regulated conveyancers or solicitors. The two can handle conveyancing services that you need to complete the sale or acquisition of property. They are both obliged to handle Canford Cliffs conveyancing to the same quality and guidelines so you may be safe in the knowledge that your conveyancing will be professionally administered and that the requisite steps will be accurately attended to.
We previously selected conveyancers located in Canford Cliffs on the Nationwide solicitor panel. They are now charging me an additional fee for dealing with the Nationwide mortgage. Is this a supplemental conveyancing fee set by Nationwide?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your solicitor may charge a fee for this. The charge is not set by Nationwide but by your Canford Cliffs solicitor. Numerous firms on the Nationwide panel will quote ’dealing with mortgage’ fee and others do not.
I have been on the look out for a leasehold apartment up to £305k and identified one round the corner in Canford Cliffs I like with a park and railway links nearby, however it only has 61 remaining years left on the lease. There is not much else in Canford Cliffs in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
My husband and I are first time buyers - agreed a price, yet the agent informed us that the owners will only issue a contract if we appoint their recommended conveyancers as they are insisting on a ‘quick sale’. We would rather use a high street conveyancer accustomed to conveyancing in Canford Cliffs
It is highly unlikely the sellers are behind this. If they desire ‘a quick sale', alienating a serious purchaser is likely to cause more damage than good. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you are going to instruct your preferred Canford Cliffs conveyancing firm - rather thanthe ones that will provide their negotiator at the agency a referral fee or meet his conveyancing figures demanded by senior management.
Last April I purchased a leasehold house in Canford Cliffs. Am I liable to pay service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Canford Cliffs - A selection of Queries before buying
The answer will be important as a) areas can result in problems for the block as the communal areas may start to deteriorate where services are not paid for b) if the leasehold owners have an issue with the managing agents you will need to know about it Are any of leasehold owners in arrears of their service charge payments?