We were just about to exchange contracts for a garden flat in Rickmansworth. We have hit a stumbling block. The loan offer with Yorkshire Building Society expires on 4/5/2021 but the vendors are suggesting a completion date of 6/5/2021. Is it possible to extend the mortgage offer?
The best person to address this issue is your lawyer who is in a position to determine if they should be discussing with the mortgage broker, owner’s representatives, selling agents or possibly all three given the circumstances your house move to date.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Rickmansworth?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Rickmansworth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the guidance of my in-laws I had a survey completed on a house in Rickmansworth in advance of instructing solicitors. I have been told that there is a flying freehold element to the house. Our surveyor advised that some mortgage companies tend not grant a mortgage on such a premises.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Rickmansworth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Rickmansworth to see if the conveyancing costs will increase in light of this.
I was recommended by a few estate agents in Rickmansworth to choose a conveyancer on your site. What’s the financial upside for Estate Agents to offer your services over and above a competitor’s?
We don’t offer any commission for pointing buyers and sellers in our direction. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
My husband and I are new on the property ladder - had an offer accepted, yet the property agent advised that the vendor will only go ahead if we use their chosen solicitors as they need a ‘quick sale’. My instinct tells me that we should use a local conveyancer who is familiar with conveyancing in Rickmansworth
It is unlikely the vendors are driving this. Should the vendor desire ‘a quick sale', alienating a serious purchaser is going to damage their objectives. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you are going to appoint your preferred Rickmansworth conveyancing solicitors - not the ones that will provide the estate agent a introducer fee or hit his conveyancing targets pre-set by senior management.
I pay a maintenance contribution for my flat in Rickmansworth. As a result of personal circumstances I fell into arrears with remittance. The freeholders agreed a payment schedule but there is still a couple of remaining in arrears.
I am under pressure to dispose of the property and I am concerned this could jeopardize the sale if I have to settle the arrears now. Do I have to settle before - is this achievable?
Do clarify with the property lawyer conducting your Rickmansworth conveyancing but one option may be to agree for the outstanding amount to be transferred to the purchasers. The purchase price payable would be adjusted to reflect the amount of debt they take on. They would then discharge the arrears post completion of the purchase.