We are about to exchange contracts for a ground floor flat in Walton on the Hill. We encountered a stumbling block. The loan offer with Aldermore expires on 9/10/2025 but the sellers are insisting on a completion date of 13/10/2025. Can one prolong the loan expiry date?
The best person to deal with your issue is your lawyer who will hopefully calculate if they should be discussing with the bank, seller’s conveyancers, property agents or possibly all three based on what has gone on in your house move as of today.
Is there a reason why leasehold purchase conveyancing in Walton on the Hill costs more?
In short, leasehold conveyancing in Walton on the Hill and elsewhere usually warrants extra hours of investigation compared to freehold conveyancing. This includes reviewing the lease, liaising with the landlord concerning serving appropriate notices, obtaining up-to-date service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first entered into.
Does a directory service exist listing Principality panel conveyancers in Walton on the Hill on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings available on the web. Where you are seeking to appoint a Walton on the Hill solicitor on the Principality please use our tool.
We previously appointed solicitors located in Walton on the Hill on the Santander solicitor approved list. They have just billed me a supplemental amount for dealing with the Santander mortgage. Is this an additional conveyancing fee specified by Santander?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your lawyer is entitled to charge a fee for this. This charge is not set by Santander but by your Walton on the Hill conveyancing practitioner. Numerous firms on the Santander panel will levy an ‘acting for lender’ fee and others do not.
The mortgage over my property is with HSBC for my property in Walton on the Hill. Conveyancing has been completed some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform HSBC?
You must advise HSBC in advance of letting out your property as this is likely to be a breach of HSBC’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact HSBC directly. It should not be necessary to do this via a HSBC conveyancing panel lawyer.
I need to retain a conveyancing solicitor for purchase conveyancing in Walton on the Hill. I happened to land on a web site which seems to have the ideal offering If there is a chance to get all this stuff completed via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I only have 72 years left on my lease in Walton on the Hill. I now want to get lease extension but my landlord is absent. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to prove that you or your lawyers have made all reasonable attempts to find the freeholder. On the whole a specialist would be useful to carry out a search and prepare an expert document to be accepted by the court as proof that the freeholder is indeed missing. It is wise to seek advice from a solicitor in relation to devolving into the landlord’s disappearance and the application to the County Court overseeing Walton on the Hill.
I inherited a second floor flat in Walton on the Hill. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum payable for the purchase of the freehold?
Absolutely. We are happy to put you in touch with a Walton on the Hill conveyancing firm who can help.
An example of a Lease Extension decision for a Walton on the Hill premises is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case affected 1 flat. The number of years remaining on the existing lease(s) was 60.43 years.
Are all Walton on the Hill property lawyers on every lender conveyancing panel?
The Lexsure search tool on this page may be of use or you can pop into your high street lender branch in Walton on the Hill. Chances are that they will be in a position to recommend some reputable conveyancing solicitors in Walton on the Hill