We are a couple about to exchange contracts for a garden flat in North Walsham. We encountered a stumbling block. The loan offer with Nottingham Building Society runs out on 1/9/2025 but the owners are insisting on a completion date of 3/9/2025. Can one extend the mortgage offer?
The person best placed to address this issue is your conveyancer who will hopefully calculate if he or she is better off negotiating with the mortgage company, owner’s conveyancers, estate agents or conceivably all parties taking into account the circumstances your conveyancing to date.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in North Walsham. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 30/6/2025, the requirements read as follows :
How does conveyancing in North Walsham differ for newly converted properties?
Most buyers of new build residence in North Walsham approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in North Walsham tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in North Walsham or who has acted in the same development.
Is it best to appoint a North Walsham conveyancing practitioner based in the vicinity that I am buying? An old friend can carry out the conveyancing but her office is 200kilometers away.
The primary upside of using a local North Walsham conveyancing firm is that you can pop in to execute paperwork, hand in your ID and apply pressure on them where appropriate. Having local North Walsham know how is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were content that must trump using an unfamiliar North Walsham conveyancing solicitor solely due to them being round the corner.
Completion is due on the disposal of our £175,000 maisonette in North Walsham next Wednesday. The freeholder has quoted £408 for Landlord’s certificate, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a flat conveyance in North Walsham?
North Walsham conveyancing on leasehold apartments normally results in fees being levied by landlords agents :
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Answering conveyancing due diligence questions
Where consent is required before sale in North Walsham
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in North Walsham - Examples of Queries Prior to buying
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You will want to find out as much as you can about the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents both financially and when it comes to daily issues such as the tidiness of the communal areas. Ask other tenants whether they are happy with their service. Finally, find out the dates that the maintenance fees are due to the managing agents and precisely what it includes. How many of the leaseholders are in arrears for their service charge payments? The majority of North Walsham leasehold properties will incur a service charge for maintenance of the block set on behalf of the management company. Where you acquire the apartment you will have to meet this liability, usually quarterly accross the year. This may vary from a couple of hundred pounds to thousands of pounds for buildings with lifts and large common grounds. In all likelihood there will be a ground rent for you to pay yearly, this is usually not a exorbitant figure, say around £25-£75 but you need to check as occasionally it can be many hundreds of pounds.
We are in the throes of selling our flat in North Walsham. Conveyancing is fine but we have been asked to pay a fortune from the landlord. So far we have paid £225 for a leasehold management pack and then a further £118 for answers to questions raised by the buyers conveyancer.
Your lawyer will not have any control over the extent of the fee for this information but the typical fee for the information for North Walsham leasehold premises is £360. When it comes to North Walsham conveyancing sales it is conventional for the owner to pay for these costs. The landlord or their agents are not duty bound to answer such questions although many will agree to do so - albeit often at exorbitant prices disproportionate to the work involved. Regretfully there is no legislation that requires set fees for administrative tasks. Neither is there any legal time limit by which they are duty bound to issue answers.