We are about to exchange contracts for a leasehold flat in Fulham. We have hit a stumbling block. Our loan offer with The Royal Bank of Scotland runs out on 17/10/2019 but the owners are suggesting a completion date of 21/10/2019. Can one extend the mortgage offer?
The best person to deal with your concern is your lawyer who will hopefully calculate if he or she is should be discussing with the mortgage company, owner’s lawyers, selling agents or indeed all parties taking into account the history of your house move to date.
How up to date is your search tool for Fulham conveyancing solicitors on the Yorkshire BS conveyancing panel? Do Yorkshire BS send you an updated list?
Fulham conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
Me and my partner are buying a house in Fulham. I might seem paranoid but how we can trust a solicitor? At some point we will need to put our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Have just purchased a probate house at auction in Fulham. Conveyancing is necessary. What is next?
Given that you are now for all intents and purposes signed on the dotted line you will need to instruct a conveyancing practitioner as a matter of priority as you are faced with a fast approaching deadline in which to complete the transaction. Every auction property will ordinarily have a bespoke legal set of papers. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the legal pack may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You must hand this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are in order to complete the transaction on the set completion date.
I have finally had an offer on an apartment in Fulham accepted, the sellers do however have an associated purchase. The vendors have offered on on an apartment, however it’s not yet tied up, and are looking at other flats booked. I have instructed a local conveyancing solicitor in Fulham. What do I do now? When should I get the mortgage application with UBS going?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then survey, Fulham conveyancing search costs, etc). The first course of action is to ensure that your property lawyer is on the UBS approved list. As to the next steps this very much dictated by the specifics of your transaction, motivation for the property and on the state of the market. During a buoyant market some home buyers would apply for a home loan with UBS and arrange for the valuation and only if it comes back ok would they request their solicitor to press on with the conveyancing in Fulham.
I am buying a property and the lawyer has referenced Chancel Repair for which the property may be liable given it’s proximity to the area of such a church. She has mentioned insurance. Is this strictly necessary for conveyancing in Fulham
Unless a prior purchase of the property completed after 12 October 2013 you may assume that solicitors carrying out conveyancing in Fulham to continue to suggest a chancel search and or insurance against a claim.
three months have gone by following my purchase conveyancing in Fulham took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Fulham is where the house is located. Can you offer any guidance?
Flying freeholds in Fulham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fulham you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fulham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.