We are about to exchange contracts for a garden flat in Westerham. We have hit a stumbling block. Our loan offer with Coventry Building Society expires on 27/4/2026 but the owners are insisting on a completion date of 29/4/2026. Is it possible to prolong the loan expiry date?
The best person to deal with your question is your lawyer who should calculate whether he or she is should be discussing with the mortgage broker, seller’s lawyers, selling agents or indeed all three given the history of your house move to date.
My lawyer has informed me that absentee landlord insurance is required on my purchase. What is the level of cover for Westerham conveyancing?
The appropriate level of absentee landlord indemnity insurance depends on your lender. It would differ for example between Lloyds TSB Bank and Chelsea Building Society. Conveyancing solicitors as opposed to members of the public take out such policies.
We are getting the release of further funds on our home loan from Skipton as we want to conduct a loft conversion to our home in Westerham. Are we obliged to appoint a local Westerham solicitor on the Skipton conveyancing panel to handle the legals?
Skipton would not normally appoint firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Skipton panel.
Intending to buy a flat in Westerham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Westerham solicitor is on the Co-operative conveyancing panel.
I have been on the look out for a leasehold apartment up to £195,000 and identified one near me in Westerham I like with a park and railway links nearby, the downside is that it only has 51 remaining years left on the lease. There is not much else in Westerham for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan that many years will be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
Are there any apps to assist me to search for a Westerham law firm on the Birmingham Midshires conveyancing panel? I am a keen cyclist and am willing to travel upto 20kilometers to meet the solicitor.
You can use the search on this website. Please select a mortgage company and your location and you will see a number of Westerham conveyancing lawyers locally. We have listed some Westerham conveyancing firms towards the end of this page and you can ring them to see whether they are on the Birmingham Midshires panel
My uncle has recommend that I appoint his conveyancers in Westerham. Should I use them?
No doubt it’s preferable to choose a conveyancing practitioner is to have guidance from friends or family who have previously instructed the solicitor that you are considering.
How up-to-date is your search tool for the lender conveyancing panel in Westerham? Do the mortgage companies send you an updated list?
Westerham law firm practices and firms conducting conveyancing in Westerham themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the bank directly.