We were just about to sign contracts for a leasehold flat in Leatherhead. We have hit a problem. Our loan offer with The Mortgage Works expires on 17/9/2019 but the vendors are suggesting a completion date of 19/9/2019. Is it possible to extend the mortgage expiry date?
The person best placed to address this concern is your solicitors who is in a position to assess whether they better off negotiating with the lender, vendor’s lawyers, property agents or indeed all three given what has gone on in your house move to date.
My grandfather passed away six months ago and as sole heir and executor I was left the property in Leatherhead. The house had a small mortgage left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to RBS, pay off the mortgage. Is this possible?
Where you plan to refinance then RBS will require that you use a conveyancer on the RBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your RBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the RBS mortgage is registered as a charge at the Land Registry.
I have been told that property searches are the primary reason for delay in Leatherhead house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Leatherhead.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Leatherhead is the location of the property. What do you suggest?
Flying freeholds in Leatherhead are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Leatherhead you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Leatherhead 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 property.
I need to instruct a conveyancing lawyer in Leatherhead for my remortgage. Can I see a solicitor's record with the profession’s regulator?
Members of the public may search for documented Solicitor Regulator Association (SRA) determinations resulting from investigations started on or after Jan 2008. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The SRA could monitor call for training reasons.