We are a couple about to sign contracts for a property in Rochester. We encountered a stumbling block. Our loan offer with The Mortgage Works runs out on 8/11/2021 but the vendors are insisting on a completion date of 10/11/2021. Can one extend the mortgage expiry date?
The best person to address this issue is your conveyancer who will hopefully assess whether they corresponding with the mortgage broker, vendor’s lawyers, selling agents or possibly all three based on the history of your house move to date.
My lawyer in Rochester is not listed on the TSB Solicitor Panel. Is it possible for me to continue with my prefered solicitor notwithstanding that they are not on the TSB panel of approved conveyancing solicitors?
The limited options open to you here include:
- Carry on with your existing Rochester lawyers but TSB will need to instruct a solicitor on their list of acceptable firms. This will result in additional overall conveyancing charges and result in delays.
- Find an alternative lawyer to to deal with the conveyancing, remembering to check they are on the TSB panel
Just bought a semi-detached house in Rochester , What is the estimated time for the Land Registry to register my ownership? My Rochester conveyancing solicitor works at snail pace, so I want to be sure that my ownership is recorded.
There is nothing unique when it comes to conveyancing in Rochester registration formalities. As opposed to being determined by geographic area, timescales can vary subject to the party submitting the application, whether it is in order and whether the Land registry communicate with any other persons or bodies. At present roughly 80% of such applications are completed within 12 days but occasionally there can be longer hold-ups. Historically registration occurs after the new owner has moved in to the premises therefore post completion formalities is not typically primary concern but where there is a degree of urgency associated with the registration then you or your solicitor can speak with the land registry and explain the circumstances.
What tools are available to identify a Rochester law firm on the Birmingham Midshires conveyancing panel? I have a car and am willing to travel upto 25kilometers to meet the lawyer.
You can use the search on this website. Please select a mortgage company and your location and you will see a number of Rochester conveyancing lawyers locally. We have detailed some Rochester conveyancing firms towards the end of this page and you can telephone them to see whether they are on the Birmingham Midshires member panel
I've recently bought a leasehold property in Rochester. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Rochester - Examples of Questions you should consider Prior to Purchasing
Is anyone aware of any major works in the near future that could increase the maintenance fees? What restrictions are contained in the Rochester Lease? Who is in charge of the block?
My boyfriend is buying a ground floor flat in Rochester. He has received a fee estimate by the conveyancing practitioner connected to the estate agents totaling £1156 . It was 7 years ago I sold and bought a property and the bill was £500. Have fees really increased to that extent?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Rochester searches, land registry fees, etc)