We are a couple about to sign contracts for a freehold house in Harwich. We encountered a problem. Our loan offer with Santander runs out on 15/12/2025 but the vendors are putting forward a completion date of 17/12/2025. Can one prolong the mortgage expiry date?
The person best placed to address this question is your conveyancer who will determine if they better off negotiating with the bank, seller’s solicitors, property agents or conceivably all three given the circumstances your house move as of today.
Is there a reason why leasehold purchase conveyancing in Harwich is more expensive?
Harwich leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Me and my brother have a renovated Victorian house in Harwich. Conveyancing solicitor acted for me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Harwich and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with your conveyancing solicitor who conducted the conveyancing.
How does conveyancing in Harwich differ for newly converted properties?
Most buyers of new build residence in Harwich approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because house builders in Harwich typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Harwich or who has acted in the same development.
I am using a search engine for the words conveyancing in Harwich it shows results of numerous conveyancersin the area. With so much choice what is the best way to find the suitable property lawyer for my move?
The best method of finding a suitable conveyancer is through a trusted referral, so ask colleagues and family who have acquired a property in Harwich or a reputable estate agent or mortgage broker. Charges for conveyancing in Harwich vary, so it's sensible to request at least four costs illustrations from different law firms. Dont forget to clarify that the charges are assured not to escalate.