We are about to sign contracts for a garden flat in Lower Morden. We have hit a problem. The loan offer with TSB expires on 15/12/2025 but the vendors are insisting on a completion date of 17/12/2025. Can one extend the mortgage expiry date?
The person best placed to deal with your concern is your lawyer who should assess whether he or she is corresponding with the lender, vendor’s lawyers, selling agents or indeed all parties given the circumstances your conveyancing as of today.
I am the registered owner of a freehold residence in Lower Morden but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Lower Morden and has limited impact for conveyancing in Lower Morden but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I have been told that property searches are a common reason for delay in Lower Morden conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Lower Morden.
I decided to have a survey done on a house in Lower Morden in advance of instructing solicitors. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies tend refuse to issue a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you e-mail us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Lower Morden. Conveyancing will be smoother if you use a solicitor in Lower Morden especially if they are acquainted with such properties in Lower Morden.
Is it possible to transfer to a new solicitor as I need to find one who is on the Barclays Direct conveyancing list. I was using a local conveyancing solicitor in Lower Morden round the corner but the firm is not approved by Barclays Direct
We will our best to assist in finding you a conveyancing solicitor in Lower Morden on the Barclays Direct panel. Please note that the conveyancers that we list do not pay us fee if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Lower Morden. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Lower Morden.
I need to find a conveyancing solicitor for some conveyancing in Lower Morden. I happened to land on a web site which seems to have the perfect solution If it is possible to get all this stuff done via web that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?