We were just about to exchange contracts for a ground floor flat in Sutton. We encountered a snag. Our mortgage offer with Coventry Building Society runs out on 30/6/2026 but the owners are putting forward a completion date of 2/7/2026. Is it possible to extend the mortgage offer?
The best person to deal with your question is your conveyancer who is in a position to calculate if they corresponding with the mortgage broker, seller’s conveyancers, estate agents or conceivably all parties based on the circumstances your conveyancing to date.
I purchased my house on 12 August and my personal details is yet to be on the land registry website. Need I be worried? My conveyancing solicitor in Sutton advises it should be registered in less than a month. Are transfers in Sutton uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Sutton registration formalities. Rather than based on location, timeframes can adjust according to the party submitting the application, whether there are errors and if the Land registry need to notify any interested parties. As of today approximately 80% of submission are fully dealt with within two weeks but occasionally there can be protracted delays. Historically registration is effected after the new owner is living at the property so 'speed' is not always top priority yet where there is a degree of urgency associated with the registration then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.
I'm purchasing my first flat in Sutton with a mortgage from Britannia. The sellers refused to move on the price so I negotiated 6k of fixtures and fittings instead. The sale representative told me not inform my conveyancer about the deal as it could jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a flat up to £235,500 and identified one near me in Sutton I like with open areas and railway links nearby, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Sutton suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
Last October I purchased a leasehold property in Sutton. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Having spent months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Sutton. Can we issue an application to the Residential Property Tribunal Service?
if there is a missing landlord or where there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the LVT to make a decision on the price payable.
An example of a Freehold Enfranchisement case for a Sutton property is Buchanan Court 39 Vernon Road in April 2010. the Tribunal assessed that the premium payable for the freehold of the block should be £44,000. This case affected 2 flats. The unexpired term as at the valuation date was 66.67 years.
We are looking to acquire a repression house in Sutton and the bank selling require completion within a month. Can a solicitor meet that timeframe? Would it be better to select a local Sutton firm or an online company that professes to complete quickly?
Visit your Sutton shopping parade. Go in to a couple of companies and ask to talk to a conveyancing solicitor for an estimate. Set out your requirements and try and obtain assurances on speed. Choose the firm that comes across as most genuine. Be sure to use a lawyer on the panel of lawyers who can act for your mortgage company.