We are about to exchange contracts for a freehold house in Verwood. We have hit a stumbling block. Our loan offer with Accord Mortgages Ltd expires on 16/2/2026 but the owners are suggesting a completion date of 18/2/2026. Is it possible to prolong the loan expiry date?
The best person to address this concern is your lawyer who will assess whether he or she is should be discussing with the mortgage company, seller’s solicitors, property agents or indeed all three based on the circumstances your transaction to date.
I require quick conveyancing in Verwood as I am under an ultimatum to complete in less than one month. A mortgage is not required. Can I escape the need for conveyancing searches to save fees and time?
As you are not taking a mortgage you are at free not to do searches although no lawyer would recommend that you don't. With plenty of history conveyancing in Verwood the following are instances of issues that can crop up and therefore impact the marketability of the property: Refused Planning Applications, Outstanding Fees, Overdue Grants, Railway Schemes,...
How does conveyancing in Verwood differ for new build properties?
Most buyers of new build or newly converted property in Verwood come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Verwood tend to buy the land, 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 accustomed to new build conveyancing in Verwood or who has acted in the same development.
As co-executor for the estate of my aunt I am selling a property in Swansea but I am based in Verwood. My lawyer (approximately 235 kilometers awayneeds me to execute a stat dec before completion. Could you suggest a conveyancing solicitor in Verwood who can witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are based in Verwood
Do you have any advice for leasehold conveyancing in Verwood with the purpose of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Verwood can be avoided where you appoint lawyers as soon as your agents start advertising the property and request that they start to put together the leasehold information needed by the purchasers’ lawyers. If you have carried out any alterations to the premises would they have required Landlord’s approval? Have you, for example laid down wooden flooring? Verwood leases often stipulate that internal structural alterations or installing wooden flooring calls for a licence from the Landlord approving such works. Should you dont have the approvals in place do not contact the landlord without contacting your lawyer in the first instance. Many freeholders or managing agents in Verwood charge for supplying management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management information sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Verwood. If there is a history of conflict with your freeholder or managing agents it is essential that these are settled before the property is marketed. The purchasers and their solicitors will be reluctant to purchase a flat where a dispute is unsettled. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is clearly preferable to present the dispute as over rather than unsettled. You believe that you know the number of years remaining on your lease but you should verify this by asking your lawyers. A buyer’s conveyancer will be unlikely to recommend their client to where the remaining number of years is under 80 years. In the circumstances it is essential at an as soon as possible that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale.
Leasehold Conveyancing in Verwood - A selection of Queries before buying
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How much is the yearly maintenance fee and ground rent? What is the length of the lease? Are there any major works on the horizon that will likely increase the maintenance charges?
What do I do if I am unhappy with the lawyer who conducted my conveyancing in Verwood?
Occasionally the level of service you receive is not as you expect, and is is a fact of life that occasionally matters do not go as planned. That being said there is recourse where you were dissatisfied with your conveyancing in Verwood. This varies from trying to resolve matters directly with them, through to reporting a conveyancing practitioner to their regulator. If you remain unhappy you may consider enlisting the help of the Legal Ombudsman.