We are about to sign contracts for a ground floor flat in Warfield. We have hit a problem. The loan offer with Chelsea Building Society expires on 16/9/2025 but the sellers are suggesting a completion date of 18/9/2025. Is it possible to extend the loan offer?
The best person to deal with your concern is your lawyer who will hopefully calculate if he or she is should be discussing with the mortgage broker, vendor’s lawyers, estate agents or indeed all three based on what has gone on in your conveyancing to date.
The Warfield conveyancing lawyers that just started acting on my house acquisition in Warfield have suddenly shut down. They were on acting for me because I needed a firm on the UBS conveyancing panel and my preferred Warfield lawyer was not. I paid them 275 plus VAT in advance. What are my options?
If you have an estate agent involved then let them know immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the UBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
We are purchasing a house and the lawyer has referenced Chancel Repair for which the house may be liable because it falls into the area of such a church. He has recommended insurance. Is this really required for conveyancing in Warfield
Unless a previous purchase of the premises completed after 12 October 2013 you may expect conveyancing practitioners handling conveyancing in Warfield to continue to propose a a chancel search and or chancel repair liability insurance.
How does conveyancing in Warfield differ for new build properties?
Most buyers of new build residence in Warfield contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Warfield typically purchase the site, 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 conveyancing solicitors 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 Warfield or who has acted in the same development.
My husband and I are 3 weeks into a freehold purchase having been referred to a firm by the estate agent to execute conveyancing in Warfield. I am not happy. Could you help me find new solicitors?
A conveyancer would have to be very poor in order to consider replacing them. Has the mortgage been sent? In the event that it has you will need to inform them of the new lawyer and get the mortgage documents are re-sent. Your new solicitor ideally needs to be on the mortgage company approved list to avoid escalating expenses and complications. So that should be your first question of the new solicitors. The search tool can help you find a lender approved solicitor for your home move in Warfield
Can you provide any top tips for leasehold conveyancing in Warfield with the purpose of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Warfield can be avoided where you instruct lawyers the minute you market your property and ask them to collate the leasehold information which will be required by the buyers’ conveyancers. You believe that you know the number of years remaining on your lease but it would be wise to double-check via your lawyers. A buyer’s conveyancer will be unlikely to recommend their client to where the remaining number of years is under 75 years. It is therefore important at an as soon as possible that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. In the event that you altered the property did you need the Landlord’s permission? Have you, for example installed wooden flooring? Warfield leases often stipulate that internal structural changes or laying down wooden flooring calls for a licence issued by the Landlord approving such works. Where you dont have the approvals in place do not communicate with the landlord without contacting your lawyer first. The majority of freeholders or Management Companies in Warfield levy fees for providing management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Warfield.
Warfield Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
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How much is the yearly service fee and ground rent? Who takes charge for maintaining and repairing the building? How long is the Lease?