We are a couple about to exchange contracts for a freehold house in Amesbury. We encountered a problem. The mortgage offer with Nationwide Building Society expires on 10/2/2025 but the owners are putting forward a completion date of 12/2/2025. Can one prolong the loan offer?
The person best placed to address this issue is your conveyancer who should calculate whether he or she is better off negotiating with the mortgage company, seller’s solicitors, estate agents or indeed all three taking into account the history of your house move to date.
I used Wolstenholmes several years past for my conveyancing in Amesbury. I now require my papers but cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Amesbury of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Amesbury differ for new build properties?
Most buyers of new build residence in Amesbury come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is completed. This is because developers in Amesbury tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Amesbury or who has acted in the same development.
Do I need to be suspicious by 3rd parties that I am dealing with are suggesting a national conveyancing firm as opposed to a High Street Amesbury conveyancing company?
As with lots of professional services, often referrals from connections can be most helpful. Yet there are many people with a vested interest in a conveyancing deal; estate agents, financial adviser and lenders may recommend solicitors to use. Sometimes the solicitors might be known to one of the organisations as experts in their field, but occasionally there might be a commercial relationship behind the recommendation. You are at liberty to select your own conveyancer. You need to be aware that most banks have an approved list of lawyers you must use for the lender related work in your conveyancing.
In surfing the web for the words conveyancing in Amesbury it reveals many conveyancersin the area. With so much choice what is the best way to find the right conveyancer for purchase transaction?
The preferential method of choosing a suitable conveyancer is via personal referral, so seek the opinion of colleagues and those you trust who have purchased a property in Amesbury or a respected estate agent or mortgage broker. Charges for conveyancing in Amesbury differ, so it's sensible to request at least three estimates from different companies. Dont forget to clarify that the fees are fixed.
I am tempted by the attractive purchase price for a couple of maisonettes in Amesbury both have in the region of fifty years left on the lease term. Do I need to be concerned?
There are plenty of short leases in Amesbury. The lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease shortens the value of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is often a good idea to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this arena.
Amesbury Leasehold Conveyancing - Examples of Queries Prior to Purchasing
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Is the freehold owned jointly by the leaseholders? How much is the ground rent and service charge? Who is in charge of the building?