How up to date is your database of Thamesmead solicitors on the Aldermore conveyancing panel? Do Aldermore send you an updated list?
Thamesmead conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
I am about to put an offer on a leasehold apartment in Thamesmead. The property agents assure me that it is the norm for flats in Thamesmead to have less than 75 years remaining. I am obtaining a mortgage with Bank of Ireland. Is this going to be acceptable if the lease has Seventy One years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 12/9/2019 the requirements read as follows :
4 months have elapsed following my purchase conveyancing in Thamesmead concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Thamesmead differ for new build properties?
Most buyers of new build property in Thamesmead come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is constructed. This is because builders in Thamesmead usually purchase the site, 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 conveyancing solicitors 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 Thamesmead or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £245,000 and found one near me in Thamesmead I like with amenity areas and station in the vicinity, however it's only got 51 remaining years left on the lease. I can't really find anything else in Thamesmead suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan the shortness of the lease will likely be problematic. 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 twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
Given that I will soon spend 450k on a property in Thamesmead I wish to talk to a conveyancer concerning thehome move ahead of appointing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the lawyer due to be conducting your conveyancing in Thamesmead.There is no ‘factory style conveyancing’ - every client is unique individual, not a file number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Thamesmead should be the amount on the final invoice that you end up paying.