We are about to exchange contracts for a semi detached house in Campden Hill. We have hit a stumbling block. Our loan offer with Skipton Building Society expires on 10/1/2025 but the vendors are insisting on a completion date of 14/1/2025. Is it possible to extend the mortgage expiry date?
The person best placed to deal with your issue is your solicitors who is in a position to determine whether he or she is better off negotiating with the mortgage broker, owner’s conveyancers, property agents or conceivably all three based on what has gone on in your conveyancing as of today.
We are getting a further advance on our home loan from Santander as we wish to carry out improvements to our house in Campden Hill. Are we obliged to choose a high street Campden Hill solicitor on the Santander conveyancing panel to deal with the paperwork?
Santander do not ordinarily instruct a member of their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander list.
We have a mortgage agreed in principle with Leeds Building Society. Campden Hill conveyancing lawyers are instructed. What is the average time that one could expect to receive a mortgage offer from Leeds Building Society?
There is no definitive answer here. Have Leeds Building Society done the valuation? Have you informed Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Clydesdale have agreed my home loan in principle, my offer on a flat in Campden Hill has been agreed to, what are the next steps?
Your property agent will want to be advised as to your solicitor's details (ensure that the solicitors are on the lender’s panel). Telephone Clydesdale or the financial adviser and complete any outstanding documentation. Clydesdale will sellect a valuer who will get in touch with the estate agent or vendor to arrange a slot for the valuation to take place. Once conducted (assuming no problems) it takes about a week to receive the mortgage offer. Clydesdale will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Campden Hill.
Various web forums that I have frequented warn that are the main cause of delay in Campden Hill conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Campden Hill.
I have recentlybeen informed that Wolstenholmes have closed. They carried out my conveyancing in Campden Hill for a purchase of a leasehold flat 12 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The easiest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Campden Hill conveyancing specialists.
My husband and I are 17 days into a freehold purchase having been referred to conveyancers by the estate agent to handle our conveyancing in Campden Hill. I am not happy. Could you you assist me in finding new solicitors?
A lawyer would have to be really bad to suggest diss instructing them. Has the mortgage been generated? If so you must inform them of the replacement conveyancer and have the offer are issued to the new lawyers. The conveyancer needs to be on the banks approved list to avoid escalating costs and frustration. So that should be your first question of the new solicitors. Our search tool should assist you in finding a lender approved conveyancer for your conveyancing in Campden Hill
Do you have any advice for leasehold conveyancing in Campden Hill with the purpose of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Campden Hill can be avoided if you instruct lawyers as soon as your agents start marketing the property and request that they start to collate the leasehold documentation needed by the purchasers’ solicitors. If you have had any disputes with your freeholder or managing agents it is essential that these are resolved prior to the flat being put on the market. The purchasers and their solicitors will be reluctant to purchase a property where a dispute is unsettled. You will have to accept that you will have to pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is better to present the dispute as historic as opposed to unsettled. If you have carried out any alterations to the property would they have required Landlord’s permission? Have you, for example laid down wooden flooring? Campden Hill leases often stipulate that internal structural changes or laying down wooden flooring necessitate a licence from the Landlord acquiescing to such alterations. Should you fail to have the approvals in place do not communicate with the landlord without contacting your solicitor in the first instance. If you are supposed to have a share in the Management Company, you should make sure that you are holding the original share document. Obtaining a new share certificate is often a lengthy formality and slows down many a Campden Hill conveyancing deal. Where a new share is necessary, do contact the company officers or managing agents (if relevant) for this at the earliest opportunity.
I have tried to negotiate informally with with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Campden Hill conveyancing firm to help?
You certainly can. We can put you in touch with a Campden Hill conveyancing firm who can help.
An example of a Lease Extension decision for a Campden Hill flat is 93 Oakwood Court in June 2010. the LVT determined that the premium to be paid for the new lease was £492,083, This case affected 1 flat. The unexpired residue of the current lease was 37.79 years.