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Expediting lease registration
Tim1961
Posts: 3 Newbie
I own a leasehold property on which a lease extension is being finalised in the next few days. I went down the formal Section 42 notice process, commencing in November 2018. At the same time, as my current mortgage term was expiring I sought to remortgage. I applied for and received a mortgage offer in December 2018 though when it reached the mortgage company's solicitors in January they advised it could not continue as the lease only had 81 years left and their minimum was 85, despite the fact the postion was clearly included on my application form and there was no previous note of this criteria. They have advised that they will need the new lease to be registered prior to them processing the remortgage and as the lease progress inched along, there is now no way that under normal circumstances the Land Registry will register the lease before my mortgage offer expires on 17 June.
My question, and I am hoping the Land Registry poster will advise, is: If my solictors explain my circumstances with a request to expedite the registration, will this be agreed to by LR? I can supply evidence of my initial mortgage application, the mortgage offer and correspondence from the mortgage company's solicitors. I would much prefer to stick with the acceptable new mortgage terms rather than start again, when the terms may not be available and I go through a further delay of starting a second application with survey etc etc
If the answer is yes, how long will it take for the registration to take via the expedited route?
Also, other than what I've explained above, is there any further information LR would require?
Thanks in advance
My question, and I am hoping the Land Registry poster will advise, is: If my solictors explain my circumstances with a request to expedite the registration, will this be agreed to by LR? I can supply evidence of my initial mortgage application, the mortgage offer and correspondence from the mortgage company's solicitors. I would much prefer to stick with the acceptable new mortgage terms rather than start again, when the terms may not be available and I go through a further delay of starting a second application with survey etc etc
If the answer is yes, how long will it take for the registration to take via the expedited route?
Also, other than what I've explained above, is there any further information LR would require?
Thanks in advance
0
Comments
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The other option is to delay the remortgage slightly. Yes, it'll mean a few months of a bit higher interest...0
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see post #1290 on this thread for a response from us
Unfortunately missed this new thread but fortunately picked it up when OP posted on the general Land Registry thread“Official Company Representative
I am the official company representative of Land Registry. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"0
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