We are a couple about to exchange contracts for a freehold house in Woodford Green. We encountered a stumbling block. Our loan offer with The Mortgage Works runs out on 30/11/2022 but the vendors are putting forward a completion date of 2/12/2022. Is it possible to prolong the loan offer?
The best person to address this question is your solicitors who is in a position to determine if he or she is better off negotiating with the mortgage broker, owner’s lawyers, property agents or conceivably all three taking into account what has happend in your conveyancing as of today.
It is 10 years ago since I acquired my property in Woodford Green. Conveyancing solicitors have just been appointed on the sale but I am unable to locate the title documents. Is this a problem?
You need not be too concerned. Firstly the deeds may be retained by the mortgage company or they could be in the possession of the solicitor who oversaw the purchase. Secondly in all probability the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. Almost all conveyancing in Woodford Green relates to registered property but in the rare situation where your property is unregistered it is more of a problem but is resolvable.
We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to instruct a Woodford Green based conveyancing firm?
Do check but the chances are that appoint one of their panel conveyancers should you want the "fee-free" deal. Contact the mortgage company and explore if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Woodford Green.
My husband and I are FTB’s - agreed a price, but the property agent informed us that the vendor will only issue a contract if we use their preferred lawyers as they need an ‘expedited deal’. Our preferred option is to instruct a family solicitor with experience of conveyancing in Woodford Green
It is unlikely the vendors are behind this. If they desire ‘a quick sale', alienating a motivated buyer is going to damage their objectives. Speak to the vendors direct and explain that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to instruct your preferred Woodford Green conveyancing lawyers - rather thanthose that will give their estate agent a introducer fee or achieve conveyancing thresholds set by senior management.
Due to sign contracts shortly on a studio apartment in Woodford Green. Conveyancing solicitors assured me that they are sending me a report tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Woodford Green should include some of the following:
An explanation concerning the obligations in the lease to to contribute towards maintenance costs - with regard to both the building, and the more general rights a leaseholder has Does the lease prohibit wood flooring? if lease has a provision for a reserve fund? Responsibility to repair and maintain the main walls and foundations. It is important that you know which party is duty bound to repair and maintenance of every part of the building
Following years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Woodford Green. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing freeholder or if there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the LVT to assess the price payable.
An example of a Freehold Enfranchisement matter before the tribunal for a Woodford Green premises is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case was in relation to 2 flats. The number of years remaining on the existing lease(s) was 69.26 years.