We were just about to exchange contracts for a leasehold flat in Willesden. We encountered a problem. Our mortgage offer with Skipton Building Society runs out on 17/1/2020 but the sellers are putting forward a completion date of 21/1/2020. Is it possible to prolong the mortgage offer?
The best person to address this question is your lawyer who should assess whether he or she is better off negotiating with the mortgage company, owner’s lawyers, property agents or indeed all three given the history of your house move as of today.
We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would much rather instruct a specialised conveyancing solicitor in Willesden?
You should check but the the probability is that appoint one of their panel solicitors if you want the "fee-free" deal. Contact the bank and determine if they make available a cash alternative. In the past a few lenders offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Willesden.
How does conveyancing in Willesden differ for new build properties?
Most buyers of new build residence in Willesden come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Willesden typically acquire 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 conveyancers 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 used to new build conveyancing in Willesden or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Willesden prior to appointing conveyancers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some banks may not grant a mortgage on such a property.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Willesden. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Willesden to see if the conveyancing will be more expensive.
As co-executor for the estate of my grandfather I am selling a house in Monmouth but reside in Willesden. My solicitor (approximately 300 kilometers awayneeds me to execute a stat dec ahead of completion. Can you recommend a conveyancing solicitor in Willesden who can witness this legal document for me?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Willesden based
I am intending to sublet my leasehold apartment in Willesden. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
Notwithstanding that your previous Willesden conveyancing lawyer is not around you can review your lease to check if it allows you to sublet the apartment. The rule is that if the deeds are silent, subletting is permitted. Quite often there is a prerequisite that you need to seek consent from your landlord or some other party before subletting. The net result is you not allowed to sublet without prior consent. The consent should not be unreasonably turned down. If the lease prohibits you from subletting the property you will need to ask your landlord if they are willing to waive this restriction.
Following months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Willesden. Can we issue an application to the Residential Property Tribunal Service?
if there is a missing freeholder or where there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to judgment on the sum to be paid.
An example of a lease Extension decision for a Willesden premises is First Floor Flat 47 Huddlestone Road in December 2010. the Tribunal a valuation of £13,000 for a lease extension having been asked to consider the premium following a vesting order being granted by Willesden County Court On 14th September 2009 This case affected 1 flat. The unexpired residue of the current lease was 71.87 years.