We are a couple about to exchange contracts for a property in East Molesey. We encountered a snag. The mortgage offer with HSBC Bank expires on 24/3/2026 but the sellers are putting forward a completion date of 26/3/2026. Is it possible to extend the loan expiry date?
The best person to address this question is your solicitors who should determine if he or she is better off negotiating with the lender, owner’s conveyancers, estate agents or indeed all parties based on the circumstances your house move to date.
This question may be naive but I am unseasoned as a 1st time purchaser of a two bedroom flat in East Molesey. Do I collect the keys to the house on the completion date from my lawyer? If this is the case, I will find a local conveyancing solicitor in East Molesey?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the owner’s lawyers, and shortly after the monies have arrived, you will be invited to pick up the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
We are due to move house in February. Will my conveyancing solicitor update the removal company on the completion day. On a separate note, can you put forward a removal company in East Molesey. Conveyancing firm was organised before I stumbled across your page.
On the afternoon of completion you will need to collect the keys from your selling agent but this can only occur when the previous owners solicitors inform the agent that they have the completion monies and the keys can be handed over. After that you can tell the removal men that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can assist you in locating a residential property solicitor in East Molesey or a lawyer that specialises in conveyancing in East Molesey.
When it comes to mortgage companies such as HSBC, do East Molesey property lawyers incur a yearly amount to be on the list of approved solicitors?
We are unaware of any bank fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
How does conveyancing in East Molesey differ for new build properties?
Most buyers of new build or newly converted property in East Molesey approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is completed. This is because developers in East Molesey usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in East Molesey or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £305k and found one round the corner in East Molesey I like with open areas and transport links in the vicinity, the downside is that it only has 61 years on the lease. There is not much else in East Molesey suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage that many years will be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities 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.
I need to instruct a conveyancing lawyer in East Molesey for my home move. Is there any facility to see a solicitor's complaints history with the legal regulator?
Anyone can find documented Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after 1 January 2008. Go to Check a solicitor's record. For details Pre 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The regulator may recorded call for training purposes.
Expecting to sign contracts shortly on a leasehold property in East Molesey. Conveyancing lawyers have said that they will have a report out to me within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in East Molesey should include some of the following:
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Does the lease prevent you from subletting the property, or having a home office for business You should have a good understanding of the building insurance obligations The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Defining your rights in relation to common areas in the building.E.G., does the lease permit a right of way over an accessway or staircase?
Despite our best efforts, we have been unsuccessful in seeking a lease extension in East Molesey. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We can put you in touch with a East Molesey conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a East Molesey property is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case was in relation to 1 flat.