We were just about to exchange contracts for a semi detached house in Old Malden. We encountered a snag. Our mortgage offer with Halifax expires on 23/9/2019 but the owners are insisting on a completion date of 25/9/2019. Can one prolong the loan expiry date?
The person best placed to deal with your question is your lawyer who should calculate whether he or she is better off negotiating with the mortgage broker, seller’s solicitors, estate agents or indeed all three based on the circumstances your transaction to date.
I have an AIP. The lender mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel lawyer as I would much rather instruct a Old Malden based conveyancing firm?
Do check but the chances are that appoint one of their panel lawyers where you take up the "fee-free" deal. Call the mortgage company and check if they offer you a monetary alternative. In the past a few lenders offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor in Old Malden.
We are due to move property in August. Will my conveyancing solicitor liaise with the removal company on the completion day. On a separate note, can you recommend a removal company in Old Malden. Conveyancing lawyer was chosen before I stumbled across this website.
On the afternoon of completion you can pick up the keys from the estate agent but this should only happen after the sellers solicitors confirm to the agent that they acknowledge receipt of the completion payment and the keys can be given over. After that you can tell the removal men that you are ready to move in. As a matter of policy we do not suggest a particular removal company but can assist you in choosing a conveyancing in Old Malden or a lawyer that specialises in conveyancing in Old Malden.
When it comes to mortgage companies such as Co-operative, do Old Malden solicitors face an annual charge to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
We are getting a further advance on our mortgage from Santander as we intend to conduct renovations to our home in Old Malden. Do we need to select a high street Old Malden solicitor on the Santander conveyancing panel to handle the paperwork?
Santander would not normally instruct firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander panel.
How does conveyancing in Old Malden differ for newly converted properties?
Most buyers of new build or newly converted property in Old Malden contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Old Malden tend to acquire the land, 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 property lawyers 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 Old Malden or who has acted in the same development.
I am a fortnight into a residential purchase having been recommend to conveyancers by the selling agent to perform conveyancing in Old Malden. I am not happy. Can you you assist me in finding new lawyers?
A solicitor would have to be really poor in order to consider replacing them. Has the mortgage offer been generated? If so you must inform them of the new contact details and have the offer are issued to the new lawyers. Your conveyancer needs to be on the banks approved list to avoid added expenses and frustration. So that should be your starting point. Our search tool can help you find a lender approved solicitor for your home move in Old Malden
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Old Malden conveyancing firm to assist?
Absolutely. We are happy to put you in touch with a Old Malden conveyancing firm who can help.
An example of a Lease Extension decision for a Old Malden flat is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case related to 1 flat.
When it comes to leasehold conveyancing in Old Malden what are the most common lease problems?
There is nothing unique about leasehold conveyancing in Old Malden. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain sections are wrong. For example, if your lease is missing any of the following, it could be defective:
A provision to repair to or maintain parts of the premises Maintenance charge proportions which don’t add up to the correct percentage
You will encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Halifax, Virgin Money, and TSB all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, obliging the buyer to withdraw.