We were just about to exchange contracts for a property in Fetcham. We encountered a problem. The mortgage offer with Coventry Building Society expires on 6/5/2025 but the owners are suggesting a completion date of 8/5/2025. Is it possible to prolong the loan offer?
The best person to address this concern is your conveyancer who is in a position to assess whether he or she is corresponding with the mortgage broker, seller’s representatives, estate agents or indeed all three based on what has happend in your house move as of today.
Do lawyers ask for an advanced payment for my conveyancing in Fetcham?
Where you are retaining lawyers for conveyancing in Fetcham your solicitor will request that you place them with funds to cover the search fees. Ordinarily this is called for to cover the fees of the conveyancing searches. When the deposit is payable against the purchase price then this will be required shortly ahead of contracts are exchanged. The closing balance that is due should be transferred a couple of days prior to the day of completion.
I need some expedited conveyancing in Fetcham as I have an ultimatum to exchange contracts inside 2 weeks. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are are a mortgage free purchaser you have the choice not to do searches although no conveyancer would suggest that you don't. Drawing on years of experience of conveyancing in Fetcham the following are examples of issues that can crop up and therefore affect the marketability of the property: Enforcement Actions, Overdue Fees, Overdue Grants, Railway Schemes,...
It has been 3 months since my purchase conveyancing in Fetcham took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
About to purchase a new build apartment in Fetcham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Fetcham
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. 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 Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a simple, no chain conveyancing. Fetcham is where the house is located. Is there any advice you can give?
Flying freeholds in Fetcham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fetcham you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fetcham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.