We are about to sign contracts for a freehold house in Malden Rushett. We encountered a problem. Our loan offer with Godiva Mortgages Ltd expires on 19/6/2024 but the sellers are insisting on a completion date of 21/6/2024. Is it possible to prolong the mortgage expiry date?
The person best placed to address this issue is your solicitors who is in a position to determine if he or she is should be discussing with the lender, seller’s solicitors, property agents or indeed all three taking into account the history of your conveyancing as of today.
Can you explain why leasehold purchase conveyancing in Malden Rushett is more expensive?
Malden Rushett leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Can I be sure that the Malden Rushett conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Malden Rushett getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor handling your conveyancing.
I had a mortgage agreed in principle with Clydesdale. Malden Rushett conveyancing lawyers have been instructed. How long does it take for Clydesdale to send the offer to the solicitor?
There is no definitive answer here. Have Clydesdale done the valuation? Have you advised Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
After what seems like an age I have had an offer on an apartment in Malden Rushett agreed to, but there is a chain. The vendors have offered on somewhere, however it’s not yet agreed to, and have viewings of other flats booked. I have chosen a high street conveyancing solicitor in Malden Rushett. What should be my next step? When should I get the mortgage application with HSBC started?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx £1k, then survey, Malden Rushett conveyancing search costs, etc). The first thing to do is check that your property lawyer is on the HSBC approved list. As to the next stages this very much dictated by the specifics of your transaction, desire for the property and on the state of the market. In a rising market the majority of purchasers would apply for the mortgage with HSBC and pay for the valuation and only if it was satisfactory would they pay their lawyer to press on with the conveyancing in Malden Rushett.
I used Action Conveyancing several years past for my conveyancing in Malden Rushett. Now, I need my files but the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Malden Rushett of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a flat up to £245,000 and found one close by in Malden Rushett I like with a park and railway links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Malden Rushett for this price, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage the shortness of the lease may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
Is it best to go with a Malden Rushett conveyancing practitioner who is local to the property I am buying? I have an old university friend who can execute the legal formalities however they are based approximately 350kilometers drive away.
The primary upside of using a high street Malden Rushett conveyancing practice is that you can drop in to execute documents, present your ID and apply pressure on them where appropriate. They will also have local insight which is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and they were happy that should trump using an unknown Malden Rushett conveyancing lawyer solely due to them being Malden Rushett based.