We were just about to exchange contracts for a freehold house in Poplar. We have hit a snag. Our mortgage offer with Bank of Ireland runs out on 20/5/2024 but the owners are suggesting a completion date of 22/5/2024. Is it possible to prolong the mortgage expiry date?
The best person to address this question is your lawyer who will hopefully calculate if they should be discussing with the mortgage broker, vendor’s lawyers, selling agents or possibly all parties given what has happend in your house move as of today.
Do I need to pop into the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Poplar so that I can pop in to their offices when needed.
As opposed to ten years ago, most mortgage companies no longer oblige their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to supply ID documents and there are still manifest advantages to using a locally based practitioner, in your situation a conveyancing solicitor in Poplar.
I am selling my flat. I had a double glazing fitted in January 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Nottingham are being difficult. The Poplar solicitor who is on the Nottingham conveyancing panel is recommending indemnity insurance as a solution but Nottingham are insisting on a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Nottingham have agreed my home loan in principle, my bid on a flat in Poplar has been accepted, now what?
The property agent will want to know who your solicitors are (ensure that the property lawyers are on the lender’s approved list). Call up Nottingham or the broker and complete any relevant paperwork. Nottingham will appoint a valuer who will get in touch with the estate agent or owners to schedule a slot for the valuation to take place. Once conducted (assuming no problems) it takes about a fortnight to receive the mortgage offer. Nottingham will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Poplar.
At last I have had an offer on a flat in Poplar accepted, the vendors do however have an associated purchase. The sellers have placed an offer on a flat, but it’s not yet tied up, and are looking at other apartments in the pipeline. I have selected a local conveyancing solicitor in Poplar. What do I do now? When do I get the mortgage application with Santander going?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs too early (mortgage application is approx £1k, then valuation, Poplar conveyancing search costs, etc). The first course of action is to ensure that your conveyancing practitioner is on the Santander conveyancing panel. Concerning the next steps this very much dictated by the circumstances of your transaction, motivation for the property and on the state of the market. In a buoyant market many purchasers would apply for a home loan with Santander and pay for the valuation and only if it comes back ok would they ask their lawyer to move forward with searches.
I know that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a residence in Poplar? or I am told that there is a law dating back centuries that could mean that homeowners living in a parish church boundary will be compelled to contribute towards repairs to the chancel in proximity to the church. Is this relevant for conveyancing in Poplar?
Unless a prior purchase of the house completed post 12 October 2013 you can assume that lawyers conducting conveyancing in Poplar to remain recommending a chancel search and or chancel repair liability policy.
In surfing the world wide web for the term cheap conveyancing in Poplar it shows results of numerous conveyancersin the vicinity. How do I determine which is the suitable conveyancer for purchase transaction?
The best way of finding the right conveyancer is via trusted referral, so enquire of colleagues and those you trust who have acquired a property in Poplar or the respected estate agent or financial adviser. Charges for conveyancing in Poplar differ, so it's a good idea to obtain a minimum of four fee estimates from varying types of solicitors. Be sure to obtain confirmation what costs in the quote includes.
I have just started marketing my garden apartment in Poplar. Conveyancing has not commenced, but I have recently received a half-yearly maintenance charge invoice – Do I pay up?
It best that you discharge the invoice as you normally would as all ground rent and service invoices should be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I am the proprietor of a second floor flat in Poplar. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the sum due for a lease extension?
if 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 Leasehold Valuation Tribunal to calculate the amount due.
An example of a Freehold Enfranchisement case for a Poplar flat is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case affected 3 flats. The remaining number of years on the lease was 101.61 years.