We are a couple about to exchange contracts for a property in Alexandra Park. We encountered a snag. Our mortgage offer with Accord Mortgages Ltd expires on 19/3/2025 but the owners are suggesting a completion date of 21/3/2025. Is it possible to prolong the mortgage offer?
The best person to deal with your question is your conveyancer who should assess if he or she is should be discussing with the bank, vendor’s conveyancers, property agents or conceivably all three based on the circumstances your transaction to date.
How up to date is your database of Alexandra Park solicitors on the Virgin Money conveyancing panel? Do Virgin Money send you an updated list?
Alexandra Park conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
Have just purchased a repossessed house at auction in Alexandra Park. Conveyancing is necessary. What is next?
Now that you have to all intents and purposes signed on the dotted line you will need to choose a conveyancing practitioner quickly as you are faced with a pending a fixed date to complete the deal. An auction property will have an associated auction pack. This will likely include most,if not all of the paperwork that your conveyancer will need. In the case of leasehold premises the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You must hand this to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds organised to complete on the on the contractual date .
Can you point me to a directory of Coventry BS panel conveyancers in Alexandra Park 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 lenders make their panel listings visible on the web. Where you are in need of a Alexandra Park conveyancer on the Coventry BS please use our facility.
We had chosen conveyancing lawyers based in Alexandra Park on the RBS solicitor approved list. They are now charging me an additional amount for handling the RBS mortgage. Is this an additional conveyancing fee specified by RBS?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancing practitioner may charge a fee for this. This fee is not set by RBS but by your Alexandra Park conveyancing practitioner. Some firms on the RBS panel will charge an ‘acting for lender’ fee but some firms include it on their overall fee.
Last August I purchased a leasehold house in Alexandra Park. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I have given up seeking a lease extension in Alexandra Park. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We are happy to put you in touch with a Alexandra Park conveyancing firm who can help.
An example of a Lease Extension decision for a Alexandra Park residence is Flat B 10 Grove Avenue in October 2013. Following a vesting order Clerkenwell and Shoreditch County Court 3rd July 2013 The tribunal determines that the premium payable for the lease extension was £36,215.00 This case related to 1 flat. The unexpired term was 65.21 years.
I am in the process of buying my 1st house in Alexandra Park. Conveyancing practitioner has been chosen. The financial consultant pointed out that a survey is not needed as the house was only constructed in 2001.
At the very least you should order a Home Buyer's Report. As the residence was built more than a decade ago the property will not come with a warranty, so you don't want to take a risk. For a property that age with no signs of problems a Home Buyer's report could be enough. The report should highlight any apparent problems and suggest further investigation where appropriate. If there are any signs of material issues seek a comprehensive structural survey.