We were just about to sign contracts for a freehold house in Whaley Bridge. We encountered a snag. The loan offer with Aldermore runs out on 25/1/2021 but the vendors are putting forward a completion date of 27/1/2021. Is it possible to extend the loan expiry date?
The person best placed to address this issue is your solicitors who will hopefully assess whether he or she is should be discussing with the mortgage broker, vendor’s representatives, property agents or conceivably all parties taking into account what has happend in your conveyancing to date.
I have a decision in principle. The lender mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would much rather instruct a Whaley Bridge based conveyancing firm?
You should check but the chances are that allocate you one of their panel lawyers should you want the "fee-free" deal. Speak to the lender to see if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor near Whaley Bridge.
We had chosen conveyancers located in Whaley Bridge on the Nottingham solicitor panel. They have just invoiced me a further charge for the legal aspects of the Nottingham mortgage. Is this an additional conveyancing fee specified by Nottingham?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your property lawyer is entitled to levy a fee for this. This charge is not dictated by Nottingham but by your Whaley Bridge solicitor. Plenty of firms on the Nottingham panel will charge ’dealing with mortgage’ fee and others do not.
Two weeks ago we had a mortgage agreed in principle with TSB. Whaley Bridge conveyancing lawyers were appointed. What is the average time that one could expect to receive a mortgage offer from TSB?
There is no definitive answer here. Have TSB done the valuation? Have you advised TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
HSBC have agreed my home loan in principle, my offer on a apartment in Whaley Bridge has been agreed to, now what?
Your estate agent will want to be informed of your property lawyer's details (be sure the conveyancing practitioners are on the lender’s panel). Call up HSBC or your financial adviser and complete any appropriate documentation. HSBC will instruct a valuer who will get in touch with the estate agent or owners to arrange an appointment. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. HSBC will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Whaley Bridge.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The conveyancers who handled the conveyancing in Whaley Bridge 10 years ago no longer exist. What are my options?
Gone are the days when you need to hold title official documentation to prove you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.
I work for a long established estate agent office in Whaley Bridge where we see a few flat sales jeopardised as a result of short leases. I have received contradictory information from local Whaley Bridge conveyancing solicitors. Please can you clarify whether the owner of a flat can commence the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Whaley Bridge Conveyancing for Leasehold Flats - Sample of Queries before buying
You should want to discover as much as you can concerning the managing agents as they will either make your life much easier or problematic. As the owner of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to daily issues such as the cleanliness of the common parts. Enquire of other people what they think of them. On a final note, investigate as to the dates that you are obliged pay the service charge to the appropriate party and specifically what it includes. For many Whaley Bridge leaseholds the cost for major works tend not to be included within service charges, albeit that some managing agents in Whaley Bridge ask leaseholders to contribute towards a reserve fund created for the specific intention of building a fund for major repairs or maintenance. How much is the ground rent and service charge?