We were just about to exchange contracts for a property in Dinnington. We have hit a problem. Our mortgage offer with National Westminster Bank runs out on 30/6/2025 but the sellers are insisting on a completion date of 2/7/2025. Can one extend the mortgage expiry date?
The person best placed to address this concern is your lawyer who will determine whether he or she is should be discussing with the mortgage company, seller’s conveyancers, property agents or possibly all parties given what has gone on in your house move to date.
Finally the sale completed on my house in Dinnington last October but our buyer keeps e-mailing every few hours to moan that their solicitor needs to hear from mine. What are the post completion sale legalities following completion?
Following your disposal your conveyancer is committed to forward the transfer documentation and all of the paperwork to the buyer’s lawyers. Where relevant, your lawyer must also confirm that the legal charge in favour of the lender has been paid off to the purchasers solicitors. There is unlikely to be post completion steps just for conveyancing in Dinnington.
Are there restrictive covenants that are commonly picked up during conveyancing in Dinnington?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Dinnington. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been on the look out for a flat up to £245,000 and found one round the corner in Dinnington I like with amenity areas and railway links nearby, however it only has 49 years unexpired on the lease. There is not much else in Dinnington suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
Is it possible to change firm as I need to find one who is on the Norwich and Peterborough Building Society conveyancing panel. I was using a local conveyancing solicitor in Dinnington five minutes from me but the firm is not approved by Norwich and Peterborough Building Society
It would be our pleasure to assist you find a conveyancing solicitor in Dinnington on the Norwich and Peterborough Building Society panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Dinnington. In utilising search facility on this page, you can scrutinise charges for conveyancing solicitors in Dinnington and beyond.
Can you provide any advice for leasehold conveyancing in Dinnington from the point of view of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Dinnington can be bypassed if you get in touch lawyers as soon as you market your property and request that they start to collate the leasehold documentation which will be required by the purchasers’ conveyancers. If you hold a share in a the Management Company, you should ensure that you have the original share certificate. Organising a new share certificate is often a time consuming formality and delays many a Dinnington home move. If a reissued share certificate is necessary, do contact the company officers or managing agents (where relevant) for this as soon as possible. You may think that you are aware of the number of years remaining on your lease but you should double-check by asking your lawyers. A purchaser's conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is below 80 years. It is therefore essential at an early stage that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. If there is a history of conflict with your landlord or managing agents it is very important that these are settled before the property is put on the market. The purchasers and their solicitors will be reluctant to purchase a property where there is a current dispute. You may have to bite the bullet and discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is better to present the dispute as historic rather than ongoing. Many landlords or Management Companies in Dinnington levy fees for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the fee that they propose to charge. The management pack sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Dinnington.
Dinnington Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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How many of the leaseholders are in arrears for their maintenance charge payments? How much is the maintenance charge and ground rent on the flat? You should want to find out as much as you can regarding the company managing the block as they can either make your life much easier or much more difficult. As the owner of a leasehold property you are often at the mercy of the managing agents both financially and when it comes to every day issues like the upkeep of the common parts. Don't be afraid to ask other tenants if they are happy with their management. On a final note, be sure you discover the dates that you are obliged pay the maintenance charge to the relevant party and precisely how they are spending that money.