We are a couple about to exchange contracts for a semi detached house in Norwood Green. We have hit a snag. The loan offer with The Royal Bank of Scotland expires on 19/3/2026 but the sellers are insisting on a completion date of 23/3/2026. Can one prolong the mortgage offer?
The person best placed to deal with your question is your conveyancer who will hopefully assess whether he or she is corresponding with the mortgage company, seller’s lawyers, selling agents or conceivably all three based on the circumstances your house move to date.
I own a freehold premises in Norwood Green but still pay rent, why is this and what is this?
It is rare for properties in Norwood Green and has limited impact for conveyancing in Norwood Green but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Two weeks ago we had a mortgage agreed in principle with Kent Reliance. Norwood Green conveyancing lawyers are instructed. How long does it take for Kent Reliance to issue the offer to the conveyancing practitioner?
There is no definitive answer here. Have Kent Reliance conducted the survey? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am due to exchange contracts on my flat. I had a double glazing fitted in June 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Leeds Building Society are being difficult. The Norwood Green solicitor who is on the Leeds Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Leeds Building Society are insisting on a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
At last I have had an offer on an apartment in Norwood Green agreed to, the sellers do however have an associated purchase. The vendors have offered on somewhere, but it’s not yet tied up, and are looking at other flats in the pipeline. I have selected a nearby conveyancing solicitor in Norwood Green. What should be my next step? At what stage do I apply for the mortgage with Virgin Money?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then valuation, Norwood Green conveyancing search fees, etc). The first thing to do is check that your solicitor is on the Virgin Money approved list. Concerning the next stages this very much depends on the specifics of your transaction, motivation for this property and on the state of the market. In a rising market many home buyers will apply for a home loan with Virgin Money and arrange for the valuation and only if it comes back ok would they ask their lawyer to proceed with the conveyancing in Norwood Green.
What can a local search tell me concerning the property I am purchasing in Norwood Green?
Norwood Green conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company for example Searches UK The local search plays a central part in most Norwood Green conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search should reveal data on, amongst other things, details on planning applications applicable to the property (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.
Online reading suggests that Norwood Green solicitors are more costly than Norwood Green conveyancers in Norwood Green to use when purchasing a property. So is it better if I use a conveyancer or a solicitor where I am purchasing a house in Norwood Green.
When it comes to conveyancing in Norwood Green the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.