We were just about to exchange contracts for a leasehold flat in Carterton. We have hit a stumbling block. The mortgage offer with The Royal Bank of Scotland runs out on 7/4/2026 but the owners are suggesting a completion date of 9/4/2026. Is it possible to prolong the mortgage expiry date?
The person best placed to address this question is your conveyancer who is in a position to calculate whether he or she is corresponding with the bank, owner’s lawyers, estate agents or conceivably all parties taking into account what has happend in your house move to date.
My husband and I are purchasing a newly converted flat in Carterton with a homeloan from Santander.We like our Carterton conveyancing lawyer but Santander says he's not listed on their approved list of firms. We have to appoint a Santander panel lawyer or keep our local solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The loan offered to you is subject to its terms and conditions, one of which will be that solicitors must be on the Santander conveyancing panel. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Santander
I can see plenty of information on this site concerning conveyancing in Carterton but what is your top tip for selecting the right conveyancer in Carterton
It would be unwise to be swayed by the cheapest Carterton conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
My bid for a property was accepted at auction in Carterton. Conveyancing is required. What is next?
Having legally committed yourself to purchase you now have to find a conveyancing practitioner soon as you are faced with a fast approaching a fixed date to complete the transaction. All auction property will have an associated legal set of papers. This will include most,if not all of the documents that your solicitor will need. In the case of leasehold property the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to a leasehold property. You must hand this to the conveyancer working for you at the earliest opportunity. Do make sure that you have funds organised to complete the transaction on the set completion date.
I have paid off my mortgage with Yorkshire BS. I assume I don't need a Carterton property lawyer on the Yorkshire BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Yorkshire BS 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 Yorkshire BS mortgage from the register. Yorkshire BS, 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 Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
What does commercial conveyancing in Carterton cover?
Carterton conveyancing for business premises covers a broad range of guidance, offered by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I am employed by a busy estate agent office in Carterton where we have experienced a few flat sales jeopardised due to short leases. I have received inconsistent advice from local Carterton conveyancing firms. Could you confirm whether the vendor of a flat can start the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Leasehold Conveyancing in Carterton - Sample of Queries before buying
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In the main the outlay for major works tend not to be included within maintenance charges, albeit that some managing agents in Carterton obliged leaseholders to contribute towards a reserve fund and this is used to offset against major repairs or maintenance. The answer will be important as a) areas could result in problems for the building as the common areas may begin to deteriorate where repairs remain unpaid b) if the leasehold owners have an issue with the running of the building you will wish to have all the details What is the service charge and ground rent on the property?
Our conveyancing in Carterton is completing on Friday, but the owners I am purchasing from wishes to vacate 24 hours later at afternoon. Should I agree to this?
If you need a bank loan then your conveyancing practitioner will demand that the property isvacant on Friday - the lending institution will insist on it.