We are a couple about to exchange contracts for a semi detached house in Clapham and Salph End. We have hit a problem. Our mortgage offer with Lloyds TSB Bank runs out on 16/3/2026 but the vendors are insisting on a completion date of 18/3/2026. Can one extend the mortgage offer?
The best person to address this concern is your lawyer who will hopefully determine if they corresponding with the mortgage company, seller’s lawyers, property agents or conceivably all three taking into account what has happend in your transaction as of today.
We are planning to move house in April. Will my conveyancing solicitor update the removal company on the completion day. As an aside, can you suggest a removal company in Clapham and Salph End. Conveyancing solicitor was found prior to coming across your website.
On the afternoon of completion you can collect the keys from your estate agent but this can only happen after the vendors conveyancers advise the agent that they have the completion monies and the keys can be released. Subsequently you can tell the removal company that they can start moving you in. As a matter of policy we do not suggest a specific removal organisation but can help you find a residential property solicitor in Clapham and Salph End or a legal practice with expertise in conveyancing in Clapham and Salph End.
I am the only beneficiary of my late mum's will with all property in now in my sole name, including the my former home in Clapham and Salph End. Conveyancing formalities meant that the Land Registry date was in December. I plan to dispose of the house. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship will be treated the same way as though I had purchased the property in December. Do I have to wait half a year to sell?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. Some mortgage companies would take a pragmatic view as this clause is primarily there to pick up on subsales or the flipping of properties.
I can not fathom if my lender requires a lease extension. I have called into my local Clapham and Salph End building society branch on various occasions and was informed it wasn't an issue and they would lend. My Clapham and Salph End conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they will not lend in accordance with their specific requirements. I have no idea who is right.
As long as the conveyancing practitioner is on the lender approved list, they must adhere to the Council of Mortgage Lenders’ Handbook provisions for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I have todayfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Clapham and Salph End for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The quickest way to see if the property is registered to you, you can make 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 Clapham and Salph End conveyancing specialists.
I am purchasing a new build house in Clapham and Salph End with the aid of help to buy. The builders refused to reduce the amount so I negotiated £7000 of extras instead. The estate agent advised me not inform my lawyer about this deal as it would jeopardize my mortgage with Leeds Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one close by in Clapham and Salph End I like with amenity areas and station nearby, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Clapham and Salph End suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Back In 2001, I bought a leasehold house in Clapham and Salph End. Conveyancing and Yorkshire Building Society mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1993. The conveyancing practitioner in Clapham and Salph End who previously acted has long since retired. What should I do?
First contact the Land Registry to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to instruct a Clapham and Salph End conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I invested in buying a ground floor flat in Clapham and Salph End, conveyancing was carried out June 2002. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Clapham and Salph End with a long lease are worth £216,000. The ground rent is £50 per annum. The lease finishes on 21st October 2094
You have 68 years remaining on your lease we estimate the price of your lease extension to span between £9,500 and £11,000 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.