We are about to sign contracts for a leasehold flat in Steyning. We have hit a problem. The loan offer with TSB expires on 13/4/2026 but the sellers are suggesting a completion date of 15/4/2026. Is it possible to prolong the mortgage offer?
The person best placed to address this issue is your lawyer who is in a position to determine if they better off negotiating with the mortgage broker, vendor’s solicitors, selling agents or possibly all three taking into account the circumstances your transaction as of today.
We're in Steyning, First timers purchasing with a mortgage (lender is Coventry BS , and our lawyer is on the Coventry BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
How easy is it to switch solicitor as I have to appoint a firm on the Britannia conveyancing panel. I had appointed a high street conveyancing solicitor in Steyning five minutes from me but the firm is not approved by Britannia
It would be our pleasure to help you select a conveyancing solicitor in Steyning on the Britannia panel. Please note that the property lawyers that we on the directory do not pay us commission if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Steyning. Using search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Steyning.
My husband and I are novice buyers - had an offer accepted, but the property agent informed us that the seller will only issue a contract if we appoint their recommended lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local solicitor who is familiar with conveyancing in Steyning
It is unlikely the sellers are behind this. If they desire ‘a quick sale', alienating a motivated buyer is likely to cause more damage than good. Try to communicate with the vendors directly and make sure they understand (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you intend to appoint your preferred Steyning conveyancing solicitors - as opposed tothose that will provide their estate agent a kickback or hit his conveyancing targets set by senior management.
Due to sign contracts shortly on a ground floor flat in Steyning. Conveyancing lawyers assured me that they will have a report out to me next week. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Steyning should include some of the following:
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Defining your legal entitlements in respect of the communal areas in the block.E.G., does the lease permit a right of way over an accessway or staircase? The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Who has the liability to repair and maintain the building. It is important for you to know which party is responsible the repair and maintenance of every part of the building The total ownership of the premises. This could be the flat itself but might include a attic or storage are if appropriate. Changes to the property
Steyning Leasehold Conveyancing - Sample of Questions you should ask before Purchasing
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The answer will be important as a) areas could cause problems in the building as the communal areas may begin to deteriorate if maintenance are not paid for b) if the leasehold owners have an issue with the managing agents you will need to have complete disclosure Where a Steyning lease has less than 80 years it will affect the marketability of the property. It is worth checking with your bank that they are content with remaining years on the lease. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of how much this would cost. Remember, in most cases you will need to own the residence for a couple of years in order to be eligible to carry out a lease extension. Many Steyning leasehold properties will have a service charge for the upkeep of the block levied on behalf of the management company. If you purchase the property you will have to meet this contribution, normally in instalments accross the year. This could vary from several hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. In all likelihood there will be a rentcharge to be met annual, ordinarily this is not a exorbitant figure, say around £50-£100 but you should to enquire it because occasionally it could be many hundreds of pounds.
Should I cancel my mortgage payments with Nationwide once a completion date for my sale in Steyning has been agreed?
No, you should keep meeting any mortgage sums to Nationwide pending the mortgage being discharged on completion as part of your Steyning conveyancing.