We were just about to exchange contracts for a semi detached house in Swanscombe. We have hit a problem. The mortgage offer with Accord Mortgages Ltd expires on 1/8/2025 but the vendors are putting forward a completion date of 5/8/2025. Is it possible to prolong the mortgage expiry date?
The person best placed to address this question is your solicitors who should determine whether he or she is corresponding with the mortgage broker, owner’s conveyancers, estate agents or possibly all three given the history of your transaction as of today.
My husband and I have organised a further advance on our home loan from Nottingham as we want to conduct a loft conversion to our property in Swanscombe. Do we need to appoint a bricks and mortar Swanscombe solicitor on the Nottingham conveyancing panel to deal with the paperwork?
Nottingham would not normally require firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham list.
We were going to get a DIP from HSBC this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do HSBC recommend any Swanscombe solicitors on the HSBC conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Swanscombe solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
Clydesdale have agreed my mortgage in principle, my offer on a house in Swanscombe has been agreed to, what are the next steps?
Your property agent will want to be informed of your solicitor's details (ensure that the lawyers are on the lender’s approved list). Telephone Clydesdale or your broker and complete any relevant forms. Clydesdale will instruct a valuer who will get in touch with the selling agent or owners to book a slot for the valuation to take place. Once conducted (assuming no problems) it takes about a week for the mortgage offer to be issued. Clydesdale will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Swanscombe.
About to purchase a new build apartment in Swanscombe. 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 legal work.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Swanscombe
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I opted to have a survey done on a property in Swanscombe prior to instructing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some banks may not grant a mortgage on such a property.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Swanscombe. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Swanscombe cover?
Non domestic conveyancing in Swanscombe covers a broad range of advice, provided by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
Is there a reason that Swanscombe conveyancing fees differ for leasehold and freehold properties?
Leasehold conveyancing in Swanscombe more often than not will involve additional due diligence such as fully examining the lease, communicating with the landlord, obtaining up to date rent receipts, landlord’s consents, management company’s accounts amongst other tasks.