We were just about to exchange contracts for a freehold house in Tolworth. We have hit a snag. The mortgage offer with TSB runs out on 24/12/2026 but the vendors are putting forward a completion date of 30/12/2026. Is it possible to extend the mortgage offer?
The best person to deal with your issue is your conveyancer who should calculate if they better off negotiating with the bank, owner’s representatives, selling agents or indeed all three given the history of your house move as of today.
I am the registered owner of a freehold house in Tolworth but still invoiced for rent, why is this and what is this?
It is rare for properties in Tolworth and has limited impact for conveyancing in Tolworth but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
My uncle passed away six months ago and as sole heir and executor I was left the property in Tolworth. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Lloyds, pay off the mortgage. Is this possible?
Where you plan to refinance then Lloyds will insist on your using a conveyancer on the Lloyds conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Lloyds conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Lloyds mortgage is registered as a charge at the Land Registry.
What will a local search inform me about the property we're purchasing in Tolworth?
Tolworth conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations for example Searches UK The local search is essential in every Tolworth conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I'm buying my first flat in Tolworth with the aid of help to buy. The developers refused to move on the amount so I negotiated £7000 of extras instead. The sale representative suggested that I not inform my lawyer about the side-deal as it will affect my mortgage with the bank. Should I keep quiet?.
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 UK Finance website. UK Finance 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Tolworth ahead of appointing conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies tend refuse to grant a loan on a flying freehold home.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Tolworth. Conveyancing will be smoother if you use a solicitor in Tolworth especially if they regularly deal with such properties in Tolworth.