We were just about to exchange contracts for a property in Werrington. We have hit a snag. The mortgage offer with Chelsea Building Society runs out on 14/6/2024 but the vendors are suggesting a completion date of 18/6/2024. Can one prolong the mortgage offer?
The person best placed to deal with your question is your conveyancer who is in a position to assess if they corresponding with the mortgage company, vendor’s representatives, selling agents or possibly all three given what has happend in your house move as of today.
How up to date is your search tool for Werrington conveyancing solicitors on the Santander conveyancing panel? Do Santander send you an updated list?
Werrington conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
I am helping my step-mother sell her property in Werrington. Does the conveyancer order the energy performance certificate or should I organise this?
After the abolition of HIPs, EPC’s remained a required part of selling a property. An energy assessment needs to be to hand prior to the property being placed on the market. This is not something that conveyancers normally arrange. Where you are using a Werrington conveyancing solicitor they might be able to arrange EPC’s given their contacts with reputable Werrington energy assessors
I have today made my last payment due on my mortgage with Aldermore. I assume I don't need a Werrington conveyancer on the Aldermore panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Aldermore mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Aldermore mortgage from the register. Aldermore, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Aldermore has sent the Land Registry the discharge electronically, and
- Aldermore has instructed the Land Registry to do so
I am selling my flat. I had a double glazing fitted in August 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Nottingham are being a right pain. The Werrington solicitor who is on the Nottingham conveyancing panel is saying indemnity insurance will be fine but Nottingham are requiring a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I need some fast conveyancing in Werrington as I am under pressure to sign on the dotted line in less than 4 weeks. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
As you are are a cash purchaser you are at free not to have searches carried out although no conveyancer would advise that you don't. With plenty of history conveyancing in Werrington the following are examples of what can show up and therefore affect the marketability of the property: Enforcement Actions, Overdue Charges, Overdue Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly identified during conveyancing in Werrington?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Werrington. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Last October I purchased a leasehold house in Werrington. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a 1st floor flat in Werrington, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Werrington with an extended lease are worth £202,000. The ground rent is £60 invoiced every year. The lease comes to an end on 21st October 2081
With only 57 years unexpired we estimate the premium for your lease extension to span between £28,500 and £33,000 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.