We are a couple about to exchange contracts for a garden flat in Aldgate. We encountered a problem. Our mortgage offer with Accord Mortgages Ltd expires on 13/4/2026 but the vendors are putting forward a completion date of 15/4/2026. Is it possible to extend the mortgage expiry date?
The best person to deal with your issue is your solicitors who will hopefully assess whether they should be discussing with the bank, owner’s lawyers, property agents or conceivably all three given the circumstances your transaction as of today.
Will our lawyer be asking questions regarding flooding as part of the conveyancing in Aldgate.
The risk of flooding is if increasing concern for lawyers dealing with homes in Aldgate. There are those who purchase a house in Aldgate, completely aware that at some time, it may be flooded. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to impart advice on flood risk, but there are a number of searches that can be undertaken by the buyer or by their lawyers which will figure out the risks in Aldgate. The standard property information forms given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the owner to find out whether the premises has historically flooded. If flooding has previously occurred which is not revealed by the seller, then a buyer could issue a compensation claim resulting from an inaccurate answer. The buyer’s solicitors may also carry out an environmental search. This should disclose if there is a recorded flood risk. If so, more detailed inquiries should be made.
I decided to have a survey completed on a property in Aldgate in advance of instructing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies may not give a mortgage on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Aldgate. Conveyancing may be slightly more expensive based on your lender's requirements.
What is different about your site and other web based conveyancing solicitors when it comes to conveyancing in Aldgate?
At this site get an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Aldgate. Unlike many estate agents and brokerage sites we are not in the business of charging firms a fee if you appoint them for your property ownership legalities in Aldgate
I am 18 days into a residential purchase having been referred to conveyancers by the local agent to handle our conveyancing in Aldgate. We are not happy. Can you you assist me in finding new solicitors?
A solicitor would have to be really poor to suggest replacing them. Has the mortgage been generated? In the event that it has you need to advise them of the replacement lawyer and ensure the offer are re-sent. Your conveyancer should be on the mortgage company panel to avoid supplemental costs and delays. That should be your starting point. The find a solicitor tool will assist you in finding a lender approved lawyer for your home move in Aldgate
I only have Sixty One years remaining on my lease in Aldgate. I am keen to get lease extension but my freeholder is missing. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to prove that you have made all reasonable attempts to find the landlord. In some cases a specialist should be useful to carry out a search and to produce an expert document to be used as proof that the landlord is indeed missing. It is wise to seek advice from a property lawyer both on devolving into the landlord’s absence and the application to the County Court overseeing Aldgate.
I have tried to negotiate informally with with my landlord to extend my lease without success. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Aldgate conveyancing firm to help?
Most certainly. We are happy to put you in touch with a Aldgate conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Aldgate property is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case affected 41 flats. The unexpired term as at the valuation date was 107 years.