We are a couple about to sign contracts for a semi detached house in Worcester Park. We encountered a snag. The loan offer with The Mortgage Works expires on 12/9/2019 but the vendors are insisting on a completion date of 16/9/2019. Is it possible to extend the loan offer?
The best person to deal with your issue is your solicitors who will determine if he or she is corresponding with the lender, seller’s lawyers, estate agents or conceivably all three taking into account what has gone on in your conveyancing to date.
We are buying a flat in Worcester Park. It might be a silly question but how we can trust a conveyancer? At some point we have to send money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
This question may be naive but I am unseasoned as a 1st time purchaser of a garden flat in Worcester Park. Do I collect the keys to the premises on the completion date from my lawyer? If this is the case, I will use a local conveyancing solicitor in Worcester Park?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the seller's lawyers, and once they have received this, you should be invited to collect the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
We are getting a further advance on our mortgage from Santander as we want to carry out alterations to our house in Worcester Park. Do we need to select a local Worcester Park solicitor on the Santander conveyancing panel to handle the paperwork?
Santander would not normally instruct firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander panel.
Despite weeks of looking the Title Certificate and documents to my property are lost. The conveyancers who dealt with the conveyancing in Worcester Park 5 years ago have long since closed. What do I do?
In today’s world there are duplicates made of almost everything, and your lawyer should know exactly where to locate all the appropriate paperwork so you can buy or dispose of your house without a hitch. If duplicates are not available, your lawyer can put in place insurance or indemnities protecting you against possible claims on your property.
I have been on the look out for a leasehold apartment up to £245,000 and identified one close by in Worcester Park I like with a park and transport links nearby, however it only has 49 years unexpired on the lease. There is not much else in Worcester Park for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage the remaining unexpired lease term may be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
I am hoping to complete next month on a garden flat in Worcester Park. Conveyancing lawyers assured me that they are sending me a report tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Worcester Park should include some of the following:
Information concerning the obligations as set out in the lease to pay service charges - with regard to both the building, and the wider rights a lessee has Alterations to the premises How long the lease is. You should receive guidance as what happens when the lease ends, and aware of the importance of the 80 year mark Who has the liability for maintaining the window frames Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice?
Following years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Worcester Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to arrive at the sum to be paid.
An example of a Lease Extension decision for a Worcester Park flat is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case related to 1 flat. The unexpired residue of the current lease was 60.43 years.