We are a couple about to exchange contracts for a garden flat in Southwold. We have hit a snag. Our loan offer with Bank of Ireland runs out on 5/6/2019 but the vendors are insisting on a completion date of 7/6/2019. Is it possible to extend the mortgage expiry date?
The best person to address this issue is your solicitors who should determine whether he or she is better off negotiating with the lender, owner’s solicitors, selling agents or indeed all parties given the history of your house move to date.
We note that you have a post code search directory identifying solicitors on the Kent Reliance conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Southwold?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Southwold.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Southwold is where the house is located. Is there any advice you can give?
Flying freeholds in Southwold are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Southwold you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Southwold 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.
My father-in-law has urged me to use his conveyancing solicitors in Southwold. Should I find my own property lawyer?
There are no two ways about it the best way to select a conveyancing practitioner is to seek referrals from friends or family who have previously instructed the solicitor you're contemplating using.
I’m about to sell my garden apartment in Southwold. Conveyancing has not commenced, however I have recently had a yearly maintenance charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is pay the maintenance contribution as you normally would because all ground rent and service charges should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Southwold Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
How many of the leaseholders are in arrears for their maintenance charge payments? Generally speaking the outlay for major works are not included within maintenance charges, although some managing agents in Southwold obliged leasehold owners to contribute towards a reserve fund and this is used to offset against larger repairs or maintenance. What is the name of the managing agents?