We were just about to sign contracts for a semi detached house in Martock. We encountered a stumbling block. The mortgage offer with Accord Mortgages Ltd runs out on 18/8/2025 but the vendors are suggesting a completion date of 20/8/2025. Can one prolong the loan expiry date?
The person best placed to deal with your issue is your solicitors who will assess whether he or she is should be discussing with the mortgage company, owner’s lawyers, estate agents or conceivably all three based on what has gone on in your house move to date.
As a FTB what is the most important piece of guidance you can impart regarding purchase conveyancing in Martock?
You may not hear this from too many lawyers but conveyancing in Martock or throughout England and Wales is often a confrontational experience. Put another way, when it comes to conveyancing there is an abundance of opportunity for confrontation between you and other parties involved in the ownership transfer. For example, the seller, selling agent and even potentially a lender. Appointing a lawyer for your conveyancing in Martock an important selection as your conveyancer is your adviser, and is the ONLY person in the process whose role it is to look after your best interests and to keep you safe.
We are witnessing a definite ongoing adversarial element to conveyancing- someone must be blamed for the process being so protracted. We recommend that you must always trust your lawyer above the other players when it comes to the legal assignment of property.
we are a couple who wish to acquire a 3 bedroom flat in Martock with a homeloan from Halifax.We like our Martock conveyancing solicitor but Halifax says her practice is not listed on their "panel". we are left little option but to use a Halifax panel firm or retain our preferred solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The home loan offered to you contains terms and conditions, a common one being that conveyancers will be on the Halifax approved list. Until recently, most banks had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Halifax
I have todaydiscovered that Action Conveyancing have closed. They conducted my conveyancing in Martock for a purchase of a leasehold apartment 12 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The quickest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Martock conveyancing specialists.
How does conveyancing in Martock differ for newly converted properties?
Most buyers of new build property in Martock contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because house builders in Martock typically buy the site, 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 conveyancers 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 Martock or who has acted in the same development.
Completion is due on our sale of a £375,000 garden flat in Martock next Monday. The managing agents has quoted £336 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Martock?
Martock conveyancing on leasehold maisonettes usually involves administration charges invoiced by management companies :
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Addressing pre-contract questions
Where consent is required before sale in Martock
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Martock - Examples of Queries Prior to buying
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If a Martock lease has no more than 80 years it will have adverse implications on the value of the apartment. It is worth checking with your lender that they are willing to to proceed given the lease term. Leases with less than 80 years remaining means that you will probably require a lease extension at some point and it is worth finding out what this will be. Remember, in most cases you would need to own the premises for 24 months before you are legally able to extend the lease. Plenty Martock leasehold properties will have a service charge for maintenance of the block set on behalf of the freeholder. Should you acquire the property you will have to pay this charge, normally periodically throughout the year. This could be anything from several hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a rentcharge for you to pay yearly, normally this is not a large sum, say about £25-£75 but you should to check as occasionally it can be surprisingly expensive. It would be prudent to find out if the the lease includes any onerous restrictions in the lease. For example plenty of leases prohibit pets being permitted in in a block in Martock. If you love the flatin Martock yet your dog can’t make the move with you then you will be presented with a difficult compromise.