We were just about to exchange contracts for a property in Mortlake. We have hit a snag. Our mortgage offer with Lloyds TSB Bank expires on 11/3/2025 but the sellers are putting forward a completion date of 13/3/2025. Can one prolong the loan offer?
The person best placed to deal with your issue is your lawyer who will assess if they should be discussing with the lender, owner’s representatives, estate agents or indeed all three given what has happend in your conveyancing to date.
My colleague recommended that if I am purchasing in Mortlake I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Mortlake conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Mortlake around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Mortlake Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Mortlake Education with maps and statistics, Local Amenities and other useful information about Mortlake.
The deeds to our property can not be found. The solicitors who dealt with the conveyancing in Mortlake 5 years ago no longer exist. Will I be able to sell the house?
These day there are copies made of almost everything, and your conveyancer should know exactly where to locate all the appropriate documentation so you can buy or dispose of your property without a hitch. If duplicates can’t be found, your solicitor can put in place insurance or indemnities against possible claims on the property.
Just had an offer accepted on a new build apartment in Mortlake. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Mortlake
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Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I am looking for a ground for flat up to £245,000 and identified one round the corner in Mortlake I like with open areas and railway links in the vicinity, however it's only got 51 remaining years left on the lease. I can't really find anything else in Mortlake in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the shortness of the lease will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. 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 existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
Do I need to be concerned that estate agents that I am dealing with are recommending an internet conveyancing firm rather than a local Mortlake conveyancing company?
As is the case with lots of professional services, often input from relatives can be most helpful. Yet there are many players in a conveyancing matter; estate agents, mortgage brokers and mortgage companies may put forward lawyers to retain. Sometimes these solicitors might be known to one of the organisations as experts in their field, but sometimes there may be a commercial relationship behind the recommendation. You are free to select your preferred conveyancer. However, bear in mind that the majority of mortgage providers operate an approved list of conveyancers you are obliged to use for the mortgage aspect of your house move.