Hi. I purchased a 25%share (leasehold) of a new build property from a housing association on 14th April 2023. Due to the builders being delayed my mortgage offer expired (twice!!) and so my parents lent me the money to complete on the house. I always had the intention to remortgage to pay them back as they were due to retire this year and need the money for their retirement.
It appears that my application to register my lease is still not registered. I now have a mortgage offer but the conveyancer needs me to expedite the registration of the lease(?) as the bank will not allow them to progress without this being registered.
I have the following details regarding this transaction ( see attached photo: it states the application type is “
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Dispositionary First Lease“. My question is which option should I select when entering my request online? Application to update the register or Application was for a new lease? Or something else ??
should I quote the existing title number or the new one to be created ( as the separate plots are created?)
Once I have submitted my request do I get an acknowledgment or do I just wait to see if it is approved? How long is this process currently taking, as I can’t bear the thought of my offer expiring on me again!!
Do I need to include any further documents other than my mortgage offer?
Please excuse all the questions!
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