We are about to sign contracts for a ground floor flat in Wallington. We have hit a stumbling block. Our mortgage offer with The Mortgage Works expires on 5/12/2024 but the vendors are suggesting a completion date of 9/12/2024. Is it possible to prolong the mortgage offer?
The person best placed to deal with your concern is your lawyer who should determine whether he or she is should be discussing with the bank, owner’s lawyers, estate agents or indeed all parties given the circumstances your conveyancing as of today.
I purchased a freehold house in Wallington yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Wallington and has limited impact for conveyancing in Wallington but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I am looking to buy a house and require a conveyancing solicitor in Wallington who is on the Lloyds TSB Bank solicitor. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Lloyds TSB Bank in certain locations such as Wallington. We dont recommend any particular firm.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Wallington is where the house is located. Can you shed any light on this issue?
Flying freeholds in Wallington are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wallington you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wallington may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
We're novice buyers - had an offer accepted, but the property agent has warned us that the vendor will only proceed if we instruct their chosen lawyers as they want an ‘expedited deal’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Wallington
We suspect that the seller is not behind this request. Should the seller desire ‘a quick sale', turning down a motivated buyer is is going to put the whole deal at risk. Contact the owners directly and explain that (a)you are genuine purchasers (b)you are excited to move forward, with finances in place © you are chain free (d) you intend to proceed fast (e)but you intend to instruct your own,trusted Wallington conveyancing lawyers - not the ones that will earn the estate agent a introducer fee or meet his conveyancing targets demanded by senior management.
My fiance is buying a garden flat in Wallington. He was given a quote by the solicitor suggested by the selling agents and it came to £1300 . It was eight years ago since I sold and bought a home and the bill was £just under six hundred pounds. Have costs really gone up that much?
You should visit 3 or 4 local Wallington conveyancing solicitors requesting prices. It is advisable to base your decision not just on cost, but on promptness and on how comprehensive the reply is.