We are a couple about to exchange contracts for a garden flat in Charlton. We have hit a problem. Our mortgage offer with Barnsley Building Society runs out on 7/9/2020 but the owners are suggesting a completion date of 9/9/2020. Is it possible to prolong the loan offer?
The best person to address this issue is your lawyer who will calculate if they corresponding with the mortgage company, seller’s conveyancers, property agents or possibly all parties taking into account what has happend in your transaction as of today.
Why is leasehold purchase conveyancing in Charlton is more expensive?
Charlton leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I got the keys to my house on 13 November and my personal details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Charlton advises it should be concluded in less than a month. Are transfers in Charlton particularly slow to register?
As far as conveyancing in Charlton is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timeframes can adjust subject to who lodges the application, whether there are errors and whether the Land registry communicate with any third parties. Currently in the region of three quarters of such applications are fully addressed within 12 days but some can be subject to longer delays. Registration takes place after the new owner is living at the premises therefore an expedited registration is not typically an essential issue but if it is urgent that the the registration takes place urgently then you or your conveyancer must communicate with the Registry to express the reasoning for an expedited registration.
Over the last few months I have been searching for a flat up to £195,000 and found one close by in Charlton I like with a park and transport links nearby, however it only has 61 remaining years left on the lease. I can't really find anything else in Charlton for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage that many years will be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
How difficult is it to swap firm as I need to select a firm on the Leeds Building Society conveyancing list. I had appointed a family conveyancing solicitor in Charlton five minutes from me but the firm is not approved by Leeds Building Society
It would be our pleasure to help you find a conveyancing solicitor in Charlton on the Leeds Building Society panel. Please note that the property lawyers that we on the directory do not pay us commission if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Charlton. In utilising the find a conveyancing solicitor tool on this website, you can compare charges for conveyancing solicitors in Charlton and beyond.
A licensed conveyancer handled my conveyancing in Charlton half a dozen years past and was holding my title documents but has since been shut down – What steps do I now take to get hold of them?
Deeds, as such, no longer exist as the majority of homes in Charlton are registered digitally at Land Registry. Should you need to prove evidence of proprietorship or are disposing of or refinancing your property lawyer can obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned as quickly as possible.