We are about to sign contracts for a garden flat in Peacehaven. We have hit a stumbling block. Our mortgage offer with Lloyds TSB Bank expires on 17/9/2021 but the owners are putting forward a completion date of 21/9/2021. Can one prolong the mortgage offer?
The person best placed to address this concern is your solicitors who will calculate whether they corresponding with the mortgage broker, seller’s conveyancers, estate agents or conceivably all three taking into account the history of your transaction to date.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Peacehaven. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 17/7/2021, the requirements read as follows :
How does conveyancing in Peacehaven differ for newly converted properties?
Most buyers of new build property in Peacehaven come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because house builders in Peacehaven tend to buy 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 Peacehaven or who has acted in the same development.
Is it possible to switch conveyancer as I have to instruct a firm on the Platform Home Loans Ltd conveyancing panel. I hired a family conveyancing solicitor in Peacehaven round the corner but he is not accepted by Platform Home Loans Ltd
It would be our pleasure to assist you select a conveyancing solicitor in Peacehaven on the Platform Home Loans Ltd panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Peacehaven. In making use of search facility on this site, you can compare costs for conveyancing solicitors in Peacehaven and throughout England and Wales.
I am on look out for some leasehold conveyancing in Peacehaven. Before diving in I would like to find out the remaining lease term.
Assuming the lease is recorded at the land registry - and 99.9% are in Peacehaven - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Peacehaven - Examples of Questions you should ask before buying
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Who are the managing agents? The best form of lease arrangement is if the freehold title is in the ownership of the leaseholders. In this scenario the tenants have being in charge if their destiny and notwithstanding that a managing agent is frequently retained where it is larger than a house conversion, the managing agent retained by the leaseholders. Is there a share of the freehold?
I’m about to sell my garden flat in Peacehaven.Conveyancing is yet to be initiated but I have just had a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should clear the invoice as you normally would because all rents and maintenance payments will be allottedon completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process