We were just about to exchange contracts for a leasehold flat in Wareham. We encountered a problem. Our mortgage offer with Chelsea Building Society runs out on 9/12/2025 but the owners are putting forward a completion date of 11/12/2025. Is it possible to prolong the mortgage offer?
The person best placed to deal with your question is your solicitors who is in a position to calculate whether they better off negotiating with the mortgage company, seller’s lawyers, property agents or indeed all three based on the history of your house move to date.
How do I investigate if the solicitor handling my conveyancing in Wareham is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Scotland thus spending £175.00 in further legal charges.
Feel free to take advantage of the search tool on this web page. Pick the lender and type ‘Wareham’ or your location and you will discover numerous conveyancers based in Wareham or near you.
Will my conveyancer be asking questions concerning flooding during the conveyancing in Wareham.
Flooding is a growing risk for lawyers dealing with homes in Wareham. Plenty of people will buy a house in Wareham, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not qualified to offer advice on flood risk, but there are a various searches that can be carried out by the buyer or by their conveyancers which should figure out the risks in Wareham. The standard information supplied to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the vendor to discover whether the property has ever been flooded. If the premises has been flooded in past and is not revealed by the seller, then a buyer may commence a compensation claim resulting from an inaccurate response. A purchaser’s conveyancers may also carry out an environmental search. This will higlight whether there is a recorded flood risk. If so, additional investigations will need to be carried out.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Wareham?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Wareham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I only have Sixty One years unexpired on my flat in Wareham. I need to extend my lease but my freeholder is missing. What options are available to me?
If 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. However, you will be required to prove that you have done all that could be expected to track down the lessor. In some cases an enquiry agent should be useful to try and locate and to produce a report which can be used as evidence that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer in relation to proving the landlord’s absence and the vesting order request to the County Court covering Wareham.
Wareham Leasehold Conveyancing - Examples of Questions you should ask Prior to buying
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The majority of Wareham leasehold properties will be liable to pay a service charge for maintenance of the building levied on behalf of the landlord. Should you acquire the property you will have to pay this liability, normally quarterly throughout the year. This could be anything from two or three hundred pounds to thousands of pounds for buildings with lifts and large communal areas. In all probability there will be a rentcharge to be met yearly, this is usually not a significant figure, say approximately £25-£75 but you should to check it because on occasion it could be many hundreds of pounds. Are there any major works in the near future that could add a premium to the maintenance costs?
My partner and I plan to buy our 1st house in Wareham. Conveyancing solicitor already chosen. The financial consultant pointed out that a survey is not needed as the property was only constructed in 1997.
As the bare minimum you need a Home Buyer's Report. As the property is over ten years old the property will be without a warranty, so you don't want to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report may be enough. The report should highlight any apparent problems and suggest further investigation if appropriate. If there are any signs of problems get a comprehensive structural survey.