We are about to sign contracts for a leasehold flat in Marske and Upleatham. We have hit a snag. Our mortgage offer with Bank of Scotland expires on 18/12/2025 but the vendors are insisting on a completion date of 22/12/2025. Is it possible to extend the loan offer?
The best person to deal with your question is your lawyer who will calculate whether they corresponding with the mortgage company, owner’s lawyers, selling agents or possibly all parties given the circumstances your conveyancing as of today.
Completed the sale of my flat in Marske and Upleatham last January yet the purchaser is calling me to moan that her solicitor is waiting to hear from mine. What should have happened now that I have sold?
Post completion of your disposal your solicitor is obliged to deliver the transfer documentation and all additional paperwork to the buyer’s conveyancer. If applicable, your conveyancer should also confirm that the home loan has been redeemed to the buyers solicitors. There is unlikely to be post completion formalities specific conveyancing in Marske and Upleatham.
Should our solicitor be raising enquiries about flooding as part of the conveyancing in Marske and Upleatham.
Flooding is a growing risk for solicitors dealing with homes in Marske and Upleatham. Some people will acquire a property in Marske and Upleatham, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Lawyers are not qualified to offer advice on flood risk, however there are a numerous checks that can be carried out by the buyer or on a buyer’s behalf which should give them a better understanding of the risks in Marske and Upleatham. The standard information given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) includes a standard inquiry of the owner to discover if the premises has suffered from flooding. If flooding has previously occurred and is not disclosed by the owner, then a buyer may bring a compensation claim stemming from an incorrect answer. A buyer’s solicitors will also carry out an enviro search. This should reveal whether there is a recorded flood risk. If so, further inquiries will need to be carried out.
How simple is it to swap solicitor as I need to appoint one who is on the The Royal Bank of Scotland conveyancing list. I instructed a local conveyancing solicitor in Marske and Upleatham round the corner but the firm is not accepted by The Royal Bank of Scotland
We will our best to assist in finding you a conveyancing solicitor in Marske and Upleatham on the The Royal Bank of Scotland panel. Please note that the conveyancers that we list do not pay us fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Marske and Upleatham. Using the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Marske and Upleatham.
I own a leasehold house in Marske and Upleatham. Conveyancing and Virgin Money mortgage organised. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Marske and Upleatham who previously acted has now retired. What should I do?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. There is no need to instruct a Marske and Upleatham conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Marske and Upleatham Conveyancing for Leasehold Flats - Sample of Questions you should consider before Purchasing
-
Does this lease have more than 85 years left? The prefered form of lease structure is if the freehold title is owned by the leaseholders. In this scenario the leaseholders benefit from being in charge if their destiny and even though a managing agent is often retained where it is larger than a house conversion, the managing agent retained by the leaseholders.
My conveyancer in Marske and Upleatham has informed me that he requires ID documents stating that this forms part of his requirements as a solicitor on the lender Conveyancing panel. Can this be correct?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the lender. This is not unique to conveyancing in Marske and Upleatham