We were just about to exchange contracts for a ground floor flat in Chiswick. We encountered a stumbling block. The mortgage offer with Nationwide Building Society expires on 16/11/2023 but the owners are putting forward a completion date of 20/11/2023. Can one prolong the mortgage expiry date?
The best person to deal with your concern is your conveyancer who is in a position to determine whether he or she is corresponding with the mortgage company, seller’s solicitors, property agents or indeed all parties given what has gone on in your house move as of today.
My uncle passed away last year and as sole heir and executor I was left the property in Chiswick. The house had a small mortgage left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then Santander will insist on your using a conveyancer on the Santander conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Santander conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Santander mortgage is registered as a charge at the Land Registry.
We had appointed conveyancers with offices in Chiswick on the Coventry BS solicitor panel. They have just billed me a supplemental amount for the legal aspects of the Coventry BS mortgage. Is this a supplemental conveyancing fee specified by Coventry BS?
Provided it is contained in their Terms and Conditions or estimate then yes your conveyancer may levy a fee for this. This charge is not dictated by Coventry BS but by your Chiswick conveyancer. Numerous firms on the Coventry BS panel will quote an ‘acting for lender’ fee but plenty of practices include it on their overall fee.
The mortgage over my property is with Principality for my property in Chiswick. Conveyancing has been completed months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Principality?
You must advise Principality before letting out your property as this is likely to be a breach of Principality’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Principality directly. You need not do this via a Principality conveyancing panel solicitor.
Intending to buy a apartment in Chiswick. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Chiswick property lawyer is on the Kent Reliance conveyancing panel.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Chiswick. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Chiswick
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision.
We are 3 weeks into a leasehold purchase having been recommend to conveyancers by the local agent to do our conveyancing in Chiswick. I am not happy. Can you you assist me in finding new lawyers?
They would need to be really bad to suggest replacing them. Has the mortgage offer been issued? In the event that it has you will need to make them aware of the replacement conveyancer and ensure the mortgage documents are re-sent. Your solicitor ideally needs to be on the mortgage company approved list to avoid escalating charges and complications. So that should be your starting point. The search tool should assist you in finding a bank approved conveyancer for your conveyancing in Chiswick
I am looking for Chiswick online conveyancing estimates. Can I be assured that all the Chiswick practices that are listed on your site are on the lender conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Chiswick firm being on the mortgage company conveyancing panel is incorrect.