We are a couple about to sign contracts for a property in Molesey. We encountered a problem. The mortgage offer with Accord Mortgages Ltd expires on 1/4/2026 but the vendors are insisting on a completion date of 7/4/2026. Can one prolong the loan offer?
The best person to deal with your issue is your lawyer who should assess whether they better off negotiating with the bank, vendor’s conveyancers, estate agents or conceivably all three given what has gone on in your house move as of today.
My relative recommended that if I am purchasing in Molesey I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Molesey conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Molesey around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Molesey Education with plans and statistics, Local Amenities and other useful information regarding Molesey.
Just acquired a semi-detached house in Molesey , how long should it take for the Land Registry to deal with the formalities evidencing my title? My Molesey conveyancing solicitor works at snail pace, so I want to check the registration formalities are addressed.
As far as conveyancing in Molesey registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can adjust depending on who lodges the application, whether it is in order and whether the Land registry need to notify any third parties. At present roughly 80% of submission are completed in less than three weeks but occasionally there can be longer delays. Registration is effected after the new owner is living at the property so post completion formalities is not typically top priority but where it is urgent that the the registration takes place urgently then you or your lawyers could contact the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build flat in Molesey. Conveyancing is necessary evil 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 legal work.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Molesey
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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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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.
I am looking for a leasehold apartment up to £245,000 and identified one round the corner in Molesey I like with open areas and transport links in the vicinity, the downside is that it's only got 61 years on the lease. I can't really find anything else in Molesey for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage the shortness of the lease will likely be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
The property lawyers undertaking our conveyancing in Molesey has forwarded documents to review that show the land is unregistered with epitome documents. Why is the property not yet recorded at the Land Registry?
Whilst most properties in Molesey are now registered with HMLR there are still a few that remain unregistered. Any property in Molesey that has been purchased since the late 1980’s will have been registered at the Land Registry under the compulsory ‘first registration’ scheme. However, if a Molesey property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Plenty of Molesey conveyancing solicitors will be capable of dealing with this type of conveyancing but where uncertainty exists the usual advice nowadays seems to be for the vendor’s solicitor to address the registration formalities first and subsequently deal with the dispose of the property to the purchaser - this will predictably cause a protracted transaction.