We were just about to sign contracts for a property in Gravesend. We have hit a problem. Our mortgage offer with Aldermore expires on 10/12/2025 but the vendors are putting forward a completion date of 12/12/2025. Can one extend the mortgage offer?
The person best placed to address this concern is your conveyancer who is in a position to determine whether he or she is should be discussing with the mortgage company, owner’s solicitors, property agents or possibly all parties based on the history of your house move to date.
Are the Gravesend conveyancing solicitors identified as being on the Clydesdale conveyancing panel, together with their details provided by Clydesdale?
Gravesend conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
I am buying a new build house in Gravesend with a loan from Norwich and Peterborough Building Society. The developers would not budge the price so I negotiated 6k of additionals instead. The house builders rep suggested that I not inform my conveyancer about this extras as it could jeopardize my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
My company is hoping to take an assignment of a lease of an office on a shopping parade. Can you recommend lawyers offering fixed costs for commercial conveyancing in Gravesend for less than 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Gravesend, including the sale and purchase of businesses as well as simply property. If you are intending to purchase or sell a shop, pub, restaurant, office, retail premises or a whole business we will find you the right firm. As for the fees these will vary based on the structure and terms of the proposed transaction. Please provide us with your contact information or email so as to enable us to furnish you with a detailed commercial conveyancing quote.
I've recently bought a leasehold property in Gravesend. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Gravesend - Examples of Queries Prior to Purchasing
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How many of the leaseholders are in arrears for their service charge payments? You should want to discover as much as possible regarding the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you are frequently in the clutches of the managing agents from a financial perspective and when it comes to practical matters such as the cleanliness of the common parts. You should not be shy to ask other people what they think of their management. Finally, be sure you know the dates that you are obliged pay the maintenance charge to the relevant party and specifically what you get for your money. It would be wise to find out if the the lease contains any onerous restrictions in the lease. For example it is very common in Gravesend leases that pets are not permitted in certain buildings in Gravesend. If you like the apartmentin Gravesend yet your cat is not allowed to make the move with you then you will be presented with a hard determination.
My wife and I are disposing of a Gravesend bungalow left to us 8 years ago in 2012. I have over ten years conveyancing knowledge and, although retired, intend to carry out the legal work. The purchaser's solicitor has informed me that their bank will not allow us to do our own conveyancing mandating that the funds to be passed via a solicitor's bank account.
Lending instructions to conveyancing practitioners from all mainstream lenders state that If the seller does not have legal representation the purchaser’s lawyers should check whether the lender needs to be notified so that a decision can be made as to whether or not they are prepared to proceed.