We were just about to sign contracts for a ground floor flat in Rottingdean. We encountered a stumbling block. Our loan offer with Yorkshire Building Society expires on 19/9/2024 but the vendors are suggesting a completion date of 23/9/2024. Is it possible to extend the mortgage expiry date?
The person best placed to deal with your question is your solicitors who should assess if they better off negotiating with the mortgage broker, owner’s conveyancers, estate agents or indeed all parties given what has happend in your transaction as of today.
My aunt informed me that in purchasing a property in Rottingdean there could be a number of restrictions preventing external changes to the property. Is this right?
There are a number of properties in Rottingdean which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Rottingdean should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My wife and I buying a victorian detached house in Rottingdean. Our aim is to an extension at the rear at the property.Will legal conveyancing on the property involve enquiries to see if these alterations are permitted?
Your conveyancer will check the deeds as conveyancing in Rottingdean will sometimes reveal restrictions in the title deeds which prohibit certain changes or need the consent of a 3rd party. Certain additions call for local authority planning permissions and approval in compliance with building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
Planning on purchasing a flat in Rottingdean. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Rottingdean lawyer is on the Coventry BS conveyancing panel.
I am looking for a ground for flat up to £195,000 and identified one round the corner in Rottingdean I like with a park and railway links nearby, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Rottingdean in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage that many years will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.
I am 17 days into a leasehold purchase having been directed to conveyancers by the local agent to execute conveyancing in Rottingdean. I am am very frustrated with the quality of service. Can you you assist me in finding new solicitors?
They would need to be really poor to suggest changing them. Has the loan offer been sent? If so you need to advise them of the new conveyancer and ensure the loan are re-sent. Your new conveyancer needs to be on the banks panel to avoid added charges and delays. That should be your starting point. The search tool should assist you in finding a bank approved conveyancer for your home move in Rottingdean
I am hoping to put an offer on a small detached house that appears to be perfect, at a reasonable figure which is making it more attractive. I have since found out that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Rottingdean. Conveyancing lawyers have not yet been appointed. Will they explain the issues?
The majority of houses in Rottingdean are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are buying in Rottingdean in which case you should be shopping around for a Rottingdean conveyancing practitioner and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example obtaining the freeholder’sconsent to carry out alterations. You may also be required to pay a contribution towards the upkeep of the communal areas where the house is part of an estate. Your solicitor should appraise you on the various issues.
Rottingdean Conveyancing for Leasehold Flats - Examples of Queries before buying
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Who takes responsibility for maintaining and repairing the building? Most Rottingdean leasehold apartments will incur a service charge for the upkeep of the building levied by the landlord. If you acquire the apartment you will have to meet this liability, usually periodically throughout the year. This could be anything from a few hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent for you to pay annual, this is usually not a significant figure, say approximately £25-£75 but you need to check it because on occasion it can be many hundreds of pounds. This question is helpful as a) areas may cause problems in the block as the communal areas may start to deteriorate where repairs are not paid for b) if the tenants have a dispute with the managing agents you will wish to have complete disclosure
Our bank agreed in principle to issue us a mortgage. We appointed a local conveyancer in Rottingdean last week. A couple of hours ago, our mortgage adviser called to say that the mortgage company said that we cannot use our solicitor as they aren't on their 'approved list'. As novices, we had no idea that the lender had some control over our choice Is this permitted?
You can actually choose any lawyer you prefer to use for your conveyancing in Rottingdean however if they are not on the your bank's panel you must pay an extra fee so your lender can retain their own solicitors as well to protect their interest. It may be possible your solicitor may apply to get included on to the mortgage company panel. Do make the most of online search facilities such as lenderpanel.com to find a conveyancing solcitor in Rottingdean on the mortgage company panel. You can go into your local lender branch in Rottingdean. They will know some good conveyancing solicitors in Rottingdean on the approved list.