We are a couple about to sign contracts for a leasehold flat in Paddock Wood. We encountered a problem. The loan offer with Aldermore expires on 17/11/2021 but the vendors are suggesting a completion date of 19/11/2021. Can one extend the mortgage expiry date?
The best person to deal with your question is your solicitors who will assess if they should be discussing with the lender, seller’s conveyancers, estate agents or conceivably all three given the circumstances your house move as of today.
Do conveyancers request an advanced payment for conveyancing in Paddock Wood?
If you are buying a property in Paddock Wood your solicitor will ask you put them with monies to cover the the cost of the conveyancing searches. Normally this is needed to cover the fees of the Local Authority Search. When the down payment is payable against the sale price then this will be needed shortly prior to contracts are exchanged. The closing balance that is due should be transferred shortly before completion.
I am about to put a bid on a leasehold apartment in Paddock Wood. The selling agents advise that it is usual for flats in Paddock Wood to have less than 75 years left on the lease. I am getting a mortgage with Accord Mortgages. Will the property be mortgageable given that the lease has 72 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 17/9/2021 the requirements read as follows :
I have justbecome aware that Stirling Law have closed. They carried out my conveyancing in Paddock Wood for a purchase of a freehold house 12 months ago. How can I check that the property is registered correctly in the name of the previous owner?
The quickest way to see if the property is registered to you, you can make 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 Paddock Wood conveyancing specialists.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Paddock Wood. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Paddock Wood
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Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
Is planning permission needed to split a single dwelling into a couple of appartments in Paddock Wood? This has taken place to a property next door to a relative in Paddock Wood and was unaware of it happening until it was done.
Planning Consent yes. Building Regulations yes.