We were just about to sign contracts for a ground floor flat in Wembley Park. We have hit a stumbling block. Our mortgage offer with The Mortgage Works runs out on 12/5/2025 but the vendors are putting forward a completion date of 14/5/2025. Can one extend the loan offer?
The best person to deal with your concern is your solicitors who is in a position to determine whether he or she is should be discussing with the bank, vendor’s conveyancers, estate agents or indeed all parties given the circumstances your conveyancing to date.
What does my ID and proof of funds have anything to do with my conveyancing in Wembley Park? Is this really necessary?
In order to comply with Money Laundering Regulations any Wembley Park conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.
Under Money Laundering Regulations, property lawyers are duty bound to ascertain not only the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this will lead to your conveyancer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
Just acquired a semi-detached house in Wembley Park , What is the estimated time for the Land Registry to record my proprietorship? My Wembley Park conveyancing solicitor works at snail pace, so I want to check the registration formalities are addressed.
As far as conveyancing in Wembley Park registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can differ depending on who lodges the application, whether there are errors and whether the Land registry have to notify any other persons or bodies. At present in the region of three quarters of submission are fully addressed within 12 days but some can be subject to longer hold-ups. Historically registration is effected after the buyer has moved in to the property thus 'speed' is not usually primary concern yet where it is urgent that the the registration takes place urgently then you or your lawyers should contact the land registry and explain the circumstances.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one near me in Wembley Park I like with a park and transport links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Wembley Park suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
I have been sourcing a conveyancing lawyer in Wembley Park for my home move. Is it possible to review a firm’s complaints history with the legal regulator?
Members of the public may review presented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The regulator may recorded call for training reasons.
Living abroad I am unable to visit my Wembley Park conveyancing lawyers office to execute documents connected to my conveyancing in Wembley Park – will this be problematic?
No. Wembley Park conveyancing lawyers can deal with home moves for clients nationwide. It is not necessary for you to be able to meet your lawyer in the flesh at a Wembley Park conveyancers office. Almost all property lawyer can deal with everything remotely from their Wembley Park premises.