We are about to exchange contracts for a leasehold flat in Sheen Park. We encountered a stumbling block. The mortgage offer with Chelsea Building Society expires on 10/1/2025 but the owners are insisting on a completion date of 14/1/2025. Is it possible to prolong the mortgage offer?
The person best placed to deal with your concern is your lawyer who should determine whether he or she is better off negotiating with the mortgage company, seller’s representatives, estate agents or indeed all parties given the history of your house move to date.
Can I use your services to find a Conveyancing solicitor in Sheen Park even if I’m not purchasing or selling a house, for example where I want to acquire an office in Sheen Park with a mortgage from Norwich and Peterborough Building Society?
The service is mainly utilised to find domestic conveyancing solicitors in Sheen Park but we have set out towards the bottom of this page a selection of Sheen Park commercial conveyancing firms. You should make contact with the solicitors directly to establish if they can also act for Norwich and Peterborough Building Society
Please explain the implications if my lawyer’s firm is suspended from the Nationwide Solicitor panel ahead of completing my conveyancing in Sheen Park?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Should commercial conveyancing searches reveal planned roadworks that may affect a commercial site in Sheen Park?
Many commercial conveyancing solicitors in Sheen Park will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Sheen Park. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Sheen Park.
For every commercial conveyancing transaction in Sheen Park it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Sheen Park commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Sheen Park.
I am looking for a leasehold apartment up to £235,500 and identified one close by in Sheen Park I like with open areas and railway links nearby, however it only has 51 years unexpired on the lease. There is not much else in Sheen Park suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the shortness of the lease will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities 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 solicitor concerning this matter.
Is it best to go with a Sheen Park conveyancing practitioner in close proximity to the house I am hoping to buy? We have a good friend who can carry out the legal formalities but they are based over three hundred miles away.
The benefit of a local Sheen Park conveyancing firm is that you can pop in to sign documents, deliver your ID and apply pressure on them where appropriate. Having local Sheen Park know how is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and the majority were impressed that must surpass using an unknown Sheen Park conveyancing lawyer solely due to them being Sheen Park based.