We were just about to exchange contracts for a leasehold flat in Swanscombe. We have hit a snag. The mortgage offer with Santander runs out on 28/5/2026 but the vendors are putting forward a completion date of 1/6/2026. Can one prolong the mortgage expiry date?
The best person to deal with your question is your solicitors who should determine whether he or she is corresponding with the lender, owner’s lawyers, selling agents or possibly all parties taking into account the history of your transaction as of today.
Have just purchased a repossessed house at auction in Swanscombe. Conveyancing is necessary. What is next?
Given that you are now legally committed yourself to purchase you must hire the services of a conveyancing practitioner quickly as you are faced with a pending a drop dead date to complete the purchase. Every auction property will ordinarily have a bespoke legal pack. This will likely include most,if not all of the paperwork that your solicitor will need. Where you are dealing with leasehold property the legal pack may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You need to pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that you have funds in order to complete the transaction on the set completion date.
I'm the only beneficiary of my late grandmother’s will with all property in now in my sole name, including the my former home in Swanscombe. Conveyancing formalities meant that the Land Registry date was in February. I plan to dispose of the house. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership will be treated the same way as though I had purchased the property in February. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. How sensible a view lenders take of it, depend on the mortgage company as this provision primarily exists to identify the purchase and immediately sell or the wholesaling and assigning of property.
is it true that all Swanscombe solicitors on the RBS conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the RBS conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. Some lenders do allow licenced conveyancers on their panel and in such a situation the firms would be governed by the CLC.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one near me in Swanscombe I like with amenity areas and station nearby, however it's only got 61 years on the lease. There is not much else in Swanscombe for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
In what way can the Landlord & Tenant Act 1954 impact my commercial premises in Swanscombe and how can you help?
The particular law that you refer to provides protection to commercial lessees, granting the a statutory right to apply to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Swanscombe is one of our numerous locations in which our lawyers are located
I am using a search engine for the words cheap conveyancing in Swanscombe it brings up many solicitorsin the area. How do I determine which is the right solicitor for me?
The preferential method of seeking the right conveyancer is via personal recommendation, so enquire of colleagues and relatives who have acquired a property in Swanscombe or the respected estate agent or mortgage broker. Costs for conveyancing in Swanscombe differ, so it's advisable to obtain a minimum of three quotes from different solicitors. Dont forget to clarify that the charges are guaranteed not to escalate.
I need to find a mortgage company panel solicitor in Swanscombe. Can you assist?
Unfortunately it’s not apparent why you need a Swanscombe panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Swanscombe are on their panel . If you do find such a firm in Swanscombe not listed please direct them to our site to list. After all the cost is only one £1 a month