We are a couple about to exchange contracts for a ground floor flat in Brockley. We encountered a stumbling block. The mortgage offer with Birmingham Midshires runs out on 22/4/2025 but the vendors are suggesting a completion date of 24/4/2025. Is it possible to extend the mortgage expiry date?
The person best placed to deal with your issue is your lawyer who is in a position to determine if he or she is should be discussing with the mortgage broker, vendor’s solicitors, selling agents or conceivably all three based on the history of your house move to date.
Is there a reason why leasehold purchase conveyancing in Brockley is more expensive?
In short, leasehold conveyancing in Brockley and elsewhere usually warrants additional hours of investigation compared to freehold conveyancing. This includes reviewing the lease, liaising with the landlord concerning the service of applicable notices, procuring current service charge and management information, procuring 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 leaseholders have owned the lease since it was first entered into.
I am buying a house and need a conveyancing solicitor in Brockley who is on the Clydesdale conveyancing. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Clydesdale in certain locations such as Brockley. We dont recommend any particular firm.
five months have elapsed since my purchase conveyancing in Brockley took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build flat in Brockley. 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.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Brockley
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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.