We were just about to exchange contracts for a semi detached house in Maze Hill. We have hit a stumbling block. The mortgage offer with Clydesdale runs out on 15/3/2021 but the sellers are insisting on a completion date of 17/3/2021. Can one extend the loan expiry date?
The person best placed to address this issue is your lawyer who is in a position to assess if he or she is better off negotiating with the mortgage broker, owner’s lawyers, property agents or possibly all three given the circumstances your transaction to date.
I am considering applying for a Yorkshire BS mortgage for purchase of a newly converted (under development) in Maze Hill with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Yorkshire BS ?
There is nothing to stop you using your solicitor, but Yorkshire BS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
A relative recommended that where I am purchasing in Maze Hill I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Maze Hill conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Maze Hill around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information concerning Maze Hill.
I have recentlyfound out that Arc property Solicitors have closed. They conducted my conveyancing in Maze Hill for a purchase of a freehold house 18 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The easiest 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 Maze Hill conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Maze Hill is the location of the property. Can you shed any light on this issue?
Flying freeholds in Maze Hill are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Maze Hill you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Maze Hill 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 premises.
Is it best to appoint a Maze Hill conveyancing practitioner who is local to the property I am buying? An old friend can execute the conveyancing however they are based over three hundred kilometers drive away.
The primary upside of using a local Maze Hill conveyancing practice is that you can visit the firm to execute documents, present your identification documents and apply pressure on them if necessary. They will also have local insight which is a benefit. That being said it's more important to get someone that will do a good and efficient job. If you know people who used your friend and on the whole were content that must trump using an unknown Maze Hill conveyancing solicitor solely due to them being Maze Hill based.