We were just about to exchange contracts for a semi detached house in Tickton. We have hit a snag. Our loan offer with Barclays Direct expires on 1/2/2019 but the sellers are suggesting a completion date of 5/2/2019. Is it possible to extend the mortgage expiry date?
The best person to deal with your issue is your conveyancer who will assess whether he or she is better off negotiating with the bank, seller’s lawyers, property agents or conceivably all three based on the circumstances your house move as of today.
As someone unfamiliar with the Tickton conveyancing process what is the number one tip you can impart for the home moving process in Tickton
You may not hear this from too many lawyers but conveyancing in Tickton or throughout England and Wales is often a confrontational experience. Put another way, when it comes to conveyancing there is plenty of room for confrontation between you and others involved in the home moving process. For example, the vendor, estate agent and even potentially the bank. Appointing a law firm for your conveyancing in Tickton should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the process whose role it is to look after your legal interests and to keep you safe.
There is a worrying ongoing adversarial element to conveyancing- someone has to be at fault for the process taking so long. You must always trust your solicitor ahead of all other parties in the home moving process.
Is it best to instruct a Tickton conveyancing lawyer based in the location that I am purchasing? We have a good friend who can carry out the conveyancing but they are based 200kilometers away.
The benefit of a high street Tickton conveyancing practice is that you can attend the office to sign documents, present your ID and pester them where appropriate. They will also have local knowledge which is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and the majority were content that should surpass using an unknown Tickton conveyancing lawyer solely due to them being round the corner.
Back In 2004, I bought a leasehold flat in Tickton. Conveyancing and Barclays Direct mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Tickton who previously acted has now retired. What should I do?
The first thing you should do is make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Tickton conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Tickton Leasehold Conveyancing - A selection of Queries Prior to buying
Its a good idea to find out as much as possible regarding the managing agents as they can either make your life much simpler or a lot more difficult. Being a leasehold owner you will be in the clutches of the managing agents from a financial perspective and when it comes to day to day matters such as the cleanliness of the communal areas. Don't be afraid to ask other tenants what they think of their management. In conclusion, be sure you discover the dates that the service fees are due to the relevant party and precisely how they are spending that money. Most Tickton leasehold flats will incur a service bill for the upkeep of the block set on behalf of the freeholder. Should you buy the flat you will have to meet this charge, normally periodically accross the year. This can be anything from several hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent to be met yearly, this is usually not a exorbitant sum, say about £25-£75 but you should to check as sometimes it could be many hundreds of pounds. The prefered form of lease structure is if the freehold interest is in the ownership of the leaseholders. In this arrangement the tenants benefit from being in charge if their destiny and although a managing agent is often retained if it is bigger than a house conversion, the managing agent retained by the leaseholders.
My partner and I are acquiring a 2 bedroom flat in Tickton. When we first instructed solicitor, they assured us that they were on all mainstream mortgage company panels. The mortgage broker emailed yesterday to say that they are not on the Santander approved list. Were it to be true, what should we do? Do we simply find a new solicitor that is on their panel or do we pay for separate representation, with Santander appointing their own preferred lawyer.
If you are buying a property requiring a mortgage it is standard for the buyer’s solicitors to also act for the purchaser's lender. In order to act for a bank or building society a conveyancer has to be on that lender's conveyancing panel. An application has to be made by the conveyancer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the property lawyer has to fulfill. Some building societies now require their panel firms to be part of the Law Society’s Conveyancing Quality Scheme. Your conveyancer should call Santander to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on Santander's conveyancing panel as you are at liberty to use your preferred Tickton lawyers, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.