We were just about to exchange contracts for a ground floor flat in Armthorpe. We encountered a problem. Our loan offer with Halifax expires on 31/3/2025 but the vendors are putting forward a completion date of 2/4/2025. Is it possible to extend the mortgage expiry date?
The person best placed to deal with your question is your solicitors who should determine whether they should be discussing with the lender, owner’s lawyers, selling agents or possibly all parties given what has happend in your house move to date.
What is the optimum way to check that the solicitor handling my conveyancing in Armthorpe is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for National Westminster Bank thus paying £187.00 plus VAT in supplemental conveyancing costs.
Feel free to take advantage of the search tool on this site. Pick the lender and type ‘Armthorpe’ or your location and you will discover a number of lawyer offices in Armthorpe or by proximity to you.
This question may be naive but I am unseasoned as a first time purchaser of a garden flat in Armthorpe. Do I pick up the keys to the house on the completion date from my lawyer? If this is the case, I will find a High Street conveyancing solicitor in Armthorpe?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the vendor’s lawyers, and once they have received this, you should be called to receive the keys from the Estate Agents and start moving into the property. Usually this happens early afternoon.
My solicitor has informed me that chancel insurance is necessary on my purchase. What is the level of cover for Armthorpe conveyancing?
The right level of chancel indemnity insurance should be dictated by who who your lender is. It would differ for example between Lloyds TSB Bank and Skipton Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.
I have today made my last payment due on my mortgage with Principality. I assume I don't need a Armthorpe solicitor on the Principality panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Principality 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 Principality mortgage from the register. Principality, 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 Principality has sent the Land Registry the discharge electronically, and
- Principality has instructed the Land Registry to do so
What can a local search tell me concerning the house I am purchasing in Armthorpe?
Armthorpe conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations for instance Xpress Legal The local search is essential in every Armthorpe conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search will reveal information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
Just had an offer accepted on a new build flat in Armthorpe. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Armthorpe
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Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I am looking for a leasehold apartment up to £195,000 and identified one near me in Armthorpe I like with a park and station in the vicinity, however it only has 51 years unexpired on the lease. There is not much else in Armthorpe for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan that many years will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.