We were just about to exchange contracts for a garden flat in Welling. We have hit a snag. Our mortgage offer with National Westminster Bank runs out on 9/1/2026 but the vendors are putting forward a completion date of 13/1/2026. Is it possible to extend the loan expiry date?
The best person to deal with your question is your solicitors who should calculate whether he or she is better off negotiating with the lender, seller’s conveyancers, selling agents or conceivably all parties based on the history of your conveyancing to date.
What does a local search reveal about the property we're buying in Welling?
Welling conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for example PSG The local search plays an important part in many a Welling conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will supply data on, amongst other things, details on planning applications applicable to the premises (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 subject areas.
The estate agent has sent us the confirmation of our purchase of a new build flat in Welling. Conveyancing is necessary evil 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 conveyancing.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Welling
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared. Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Due to the advice of my in-laws I had a survey completed on a house in Welling before appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some banks may not grant a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. If you e-mail us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Welling. Conveyancing will be smoother if you use a solicitor in Welling especially if they are acquainted with such properties in Welling.
What does commercial conveyancing in Welling cover?
Non domestic conveyancing in Welling incorporates a broad range of guidance, supplied by regulated solicitors, relating to business property. By way of example, this type 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 mortgages and the termination of tenancies.
What advice can you give us when it comes to appointing a Welling conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a conveyancer for your lease extension (regardless if they are a Welling conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Welling conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:
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What volume of lease extensions have they carried out in Welling in the last 12 months? What are the legal fees for lease extension conveyancing?
I own a first flat in Welling. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
in cases where there is a missing freeholder or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to determine the price payable.
An example of a Lease Extension case for a Welling residence is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case related to 1 flat.