I am expecting a mortgage offer from Nat West. My intention is to employ the services of a Licensed Conveyancer in Southgate. Does the Nat West Conveyancing panel allow for Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We are about to sign contracts for a garden flat in Southgate. We have hit a problem. The mortgage offer with Santander runs out on 17/1/2025 but the vendors are putting forward a completion date of 21/1/2025. Can one extend the mortgage offer?
The best person to deal with your question is your lawyer who is in a position to assess if they should be discussing with the mortgage company, vendor’s solicitors, selling agents or possibly all three given the history of your house move to date.
It is a dozen years since I purchased my home in Southgate. Conveyancing solicitors have recently been appointed on the sale but I am unable to track down my deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly the deeds may be with the mortgage company or they could be in the possession of the lawyers who acted in the purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. The vast majority of conveyancing in Southgate involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
I require expedited conveyancing in Southgate as I have pressure to complete within one month. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
As you are not getting a home loan you have the choice not to do searches although no conveyancer would suggest that you don't. Drawing on years of experience of conveyancing in Southgate the following are instances of what can arise and adversely impact future saleability: Enforcement Notices, Overdue Fees, Outstanding Grants, Road Schemes,...
I got the keys to my house on 4 November and my personal details is yet to be registered. Need I be worried? My conveyancing solicitor in Southgate said it would be dealt with inside ten days. Are titles in Southgate uniquely lengthy to register?
There is nothing unique about conveyancing in Southgate registration formalities. As opposed to being determined by geographic area, timeframes can adjust subject to who lodges the application, whether it is in order and if the Land registry have to notify any third parties. At present in the region of three quarters of submission are fully dealt with in less than three weeks but some can be subject to protracted delays. Historically registration takes place once the purchaser has moved in to the property thus 'speed' is not always primary concern yet if there is a degree of urgency associated with the registration then you or your lawyers should contact the land registry and explain the circumstances.
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Southgate I like with open areas and station nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Southgate suitable, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage that many years may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.