We were just about to exchange contracts for a semi detached house in Pitsea. We have hit a stumbling block. The mortgage offer with Nottingham Building Society runs out on 30/11/2020 but the vendors are insisting on a completion date of 2/12/2020. Can one extend the mortgage expiry date?
The best person to address this question is your conveyancer who will calculate if they corresponding with the lender, seller’s solicitors, property agents or conceivably all three taking into account the history of your house move to date.
I purchased a freehold house in Pitsea yet invoiced for rent, why is this and what is this?
It is rare for properties in Pitsea and has limited impact for conveyancing in Pitsea but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Pitsea. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 29/9/2020, the requirements read as follows :
We are due to move house in December. Does my conveyancing solicitor communicate with the removal company on the completion day. Incidentally, can you put forward a removal company in Pitsea. Conveyancing solicitor was organised prior to coming across this page.
On the afternoon of completion you will need to pick up the house keys from your estate agent however this should only take place once the previous owners conveyancers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be passed over. After that you should tell the removal men that they can start moving you in. As a matter of policy we do not suggest a specific removal company but can help you find a residential property solicitor in Pitsea or a solicitor with expertise in conveyancing in Pitsea.
We had appointed solicitors based in Pitsea on the TSB solicitor panel. They have just invoiced me a further amount for dealing with the TSB mortgage. Is this an additional conveyancing fee specified by TSB?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your lawyer can charge a fee for this. This charge is not dictated by TSB but by your Pitsea conveyancing practitioner. Plenty of firms on the TSB panel will levy an ‘acting for lender’ fee and others do not.
My fiancee and I are spending time looking at houses in Pitsea and I am about to put in an offer. Is it too early to have a solicitor in place? I intend to finance via a mortgage with Aldermore.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. Given that you are obtaining a mortgage with Aldermore, make sure you remember to check that your lawyer is on the Aldermore conveyancing panel.
A friend advised me that where I am buying in Pitsea I should 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 included in the estimate for your Pitsea conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Pitsea around the property and the people living there. It incorporates 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 House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Pitsea.
Over the last few months I have been searching for a flat up to £245,000 and found one near me in Pitsea I like with amenity areas and transport links in the vicinity, however it only has 49 years on the lease. I can't really find anything else in Pitsea in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the remaining unexpired lease term will be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.