We are a couple about to sign contracts for a leasehold flat in East Croydon. We encountered a problem. The mortgage offer with Yorkshire Building Society runs out on 2/9/2025 but the sellers are suggesting a completion date of 4/9/2025. Is it possible to prolong the mortgage offer?
The person best placed to deal with your concern is your lawyer who should determine whether they better off negotiating with the lender, vendor’s lawyers, selling agents or possibly all parties taking into account the history of your transaction to date.
Is there a reason why leasehold purchase conveyancing in East Croydon is more expensive?
In summary, leasehold conveyancing in East Croydon and elsewhere usually involve additional work compared to freehold transactions. This includes reviewing the lease, corresponding with the landlord about the service of required notices, procuring current service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first entered into.
My aunt passed away 10 months ago and as sole heir and executor I was left the property in East Croydon. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this allowed?
Given you intend to re-mortgage then Santander will require that you use a conveyancer on the Santander conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Santander conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Santander mortgage is registered as a charge at the Land Registry.
How do I identify a East Croydon law firm on the Britannia conveyancing panel? I drive a motor bike and am prepared to travel upto 25miles to meet the lawyer.
You can use the facility on this website. Please select a lender and your location and you will see a number of East Croydon conveyancing lawyers located nearest you. We have detailed some East Croydon conveyancing firms towards the end of this page and you can ring them to check whether they are on the Britannia panel
I need to retain a conveyancing solicitor for residential conveyancing in East Croydon. I've chance upon a web site which appears to be the perfect solution If it is possible to get all the legals done via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Expecting to complete next month on a garden flat in East Croydon. Conveyancing solicitors assured me that they will have a report out to me on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in East Croydon should include some of the following:
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The length of the lease term. You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? The total ownership of the premises. This will be the property itself but could also incorporate a roof space or storage are if relevant. Does the lease prohibit wood flooring?
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a East Croydon conveyancing firm to help?
Most certainly. We are happy to put you in touch with a East Croydon conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a East Croydon property is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case related to 4 flats. The unexpired term as at the valuation date was 98 years.