We were just about to sign contracts for a ground floor flat in Plumstead. We have hit a stumbling block. Our mortgage offer with Aldermore expires on 24/3/2026 but the owners are insisting on a completion date of 26/3/2026. Can one extend the mortgage expiry date?
The person best placed to address this issue is your conveyancer who is in a position to assess whether they corresponding with the lender, vendor’s conveyancers, property agents or indeed all parties given the history of your house move as of today.
At what point does exchange of contracts occur in sale conveyancing in Plumstead and am I required to attend the conveyancers office?
If you are in close proximity to our conveyancing solicitors in Plumstead you are invited in to sign contracts. That being said, the lender approved solicitors we work with offer a countrywide conveyancing service and provide just as detailed and professional a job for you when communicating with you digitally. The executing of the contract is not when everything is set in stone. Signing on the dotted line simply enables the solicitor to address the formalities at the appropriate time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Plumstead)to be in the office available at the end of the phone to exchange contracts.
When it comes to mortgage companies such as Kent Reliance, do Plumstead conveyancing practitioners face an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
I have today made my last payment due on my mortgage with TSB. I assume I don't need a Plumstead solicitor on the TSB panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
Principality have agreed my mortgage in principle, my offer on a house in Plumstead has been agreed to, now what?
Your property agent will need to know who your solicitors are (make sure the solicitors are on the lender’s panel). Contact Principality or the broker and finish off any outstanding forms. Principality will sellect a valuer who will get in contact with the selling agent or seller to book an appointment. Once carried out (assuming no problems) it takes about a fortnight to receive the mortgage offer. Principality will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Plumstead.
I need some quick conveyancing in Plumstead as I am faced with an ultimatum to complete inside one month. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
As you are are a mortgage free purchaser you have the choice not to have searches conducted although no conveyancer would recommend that you don't. With plenty of history conveyancing in Plumstead the following are examples of issues that can arise and therefore affect future saleability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Railway Schemes,...
The estate agent has sent us the confirmation of our purchase of a new build apartment in Plumstead. Conveyancing is a frightening process 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 conveyancing.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Plumstead
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. 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.
My partner has suggested that I use his lawyers for conveyancing in Plumstead. Do I follow his advice?
There are no two ways about it it’s preferable to select a conveyancing solicitor is to get feedback from friends or relatives who have previously instructed the conveyancer you're considering.