We are about to exchange contracts for a leasehold flat in Chatteris. We encountered a stumbling block. Our loan offer with expires on but the vendors are putting forward a completion date of . Is it possible to extend the mortgage offer?

The best person to address this issue is your lawyer who is in a position to calculate whether he or she is better off negotiating with the mortgage company, owner’s solicitors, property agents or indeed all parties based on the history of your transaction as of today.

My Solicitor in Chatteris is not on the Approved Panel. Can I still retain my family solicitor even though they are not on the panel?

Your options are as follows:

1. Carry on with your preferred Chatteris lawyers but will need to use a conveyancer on their panel. This will inevitably rack up the total conveyancing charges and cause delays.
2. Choose a new solicitor to to deal with the conveyancing, obviously checking they are on the panel

Am I right to be suspicious about brokers that I am dealing with are recommending a nationwide conveyancing firm as opposed to a High Street Chatteris conveyancing practice?

As with lots of service providers, often input from connections can be extremely useful or valuable. Yet there are lots of parties with a keen interest in a conveyancing deal; estate agents, mortgage brokers and mortgage companies may suggest lawyers to select. On occasion the conveyancers might be known to one of the organisations as experts in their field, but occasionally there is an underlying financial incentive behind the recommendation. You have the discretion to select your preferred conveyancer. However, bear in mind that the majority of mortgage providers have an approved list of conveyancers you are obliged to use for the mortgage aspect of your transaction.

I need to appoint a conveyancing solicitor for remortgage conveyancing in Chatteris. I happened to discover a web site which seems to have the ideal solution If it is possible to get all this stuff done via phone that would be preferable. Do I need to be concerned? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

Leasehold Conveyancing in Chatteris - Examples of Questions you should consider Prior to Purchasing

This information is useful as a) areas could result in problems for the block as the common areas may start to deteriorate if maintenance remain unpaid b) if the leasehold owners have an issue with the managing agents you will need to have all the details Plenty Chatteris leasehold flats will be liable to pay a service bill for the upkeep of the building levied by the freeholder. Should you buy the property you will have to meet this charge, usually periodically during the year. This can be anything from a couple of hundred pounds to thousands of pounds for large purpose-built buildings. In all likelihood there will be a ground rent to be met yearly, ordinarily this is not a large amount, say approximately £25-£75 but you should to enquire as on occasion it could be prohibitively expensive. The prefered form of lease structure is where the freehold reversion is in the ownership of the leaseholders. In this arrangement the lessees benefit from control and even though a managing agent is usually retained if it is bigger than a house conversion, the managing agent is directed by the tenants.