We were just about to exchange contracts for a property in Holloway. We have hit a problem. The mortgage offer with Norwich and Peterborough Building Society expires on 30/7/2025 but the owners are insisting on a completion date of 1/8/2025. Can one extend the mortgage offer?
The person best placed to deal with your concern is your conveyancer who will determine whether they better off negotiating with the mortgage company, vendor’s conveyancers, selling agents or possibly all parties given the circumstances your conveyancing as of today.
Is there a reason why leasehold purchase conveyancing in Holloway is more expensive?
The conveyancing charges on a leasehold premises in Holloway is frequently higher than on a freehold transaction. This is due to the additional investigations required in liaising with the freeholder and management company to obtain evidence concerning whether the rent and maintenance fee have been paid and whether there are any major works due in the near future on repairs or maintenance of the building.
I used Wolstenholmes a few years past for my conveyancing in Holloway. I now require my papers however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Holloway of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing a new build house in Holloway with a loan from Bank of Scotland. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not to tell my solicitor about this extras as it may affect my mortgage with the lender. Should I keep quiet?.
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.
I am looking for a leasehold apartment up to £245,000 and found one round the corner in Holloway I like with a park and transport links in the vicinity, however it's only got 51 remaining years left on the lease. There is not much else in Holloway for this price, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the shortness of the lease will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
In my capacity as executor for the estate of my uncle I am selling a residence in Swansea but I am based in Holloway. My solicitor (approximately 250 kilometers awayrequires that I execute a stat dec ahead of completion. Could you suggest a conveyancing practitioner in Holloway to witness this legal document for me?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are based in Holloway