We were just about to sign contracts for a property in Benfleet. We encountered a stumbling block. The loan offer with TSB runs out on 28/7/2025 but the vendors are suggesting a completion date of 30/7/2025. Is it possible to extend the loan offer?
The person best placed to deal with your question is your solicitors who will assess if he or she is better off negotiating with the mortgage broker, seller’s representatives, property agents or conceivably all three based on the history of your house move as of today.
Are the BSA intent on creating a search tool with a view to list practices on the Melton Mowbray Building Society conveyancing panel for example in Benfleet?
We would not expect to be advised of any intention on the part of the BSA to promote such a search facility.
I got the keys to my apartment on 5 October and my personal details are still not registered. Need I be worried? My conveyancing solicitor in Benfleet said it should be concluded inside ten days. Are titles in Benfleet particularly slow to register?
As far as conveyancing in Benfleet is concerned, registration is no faster or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether it is in order and if the Land registry must send notices to any other parties. Currently in the region of three quarters of submission are fully addressed within 12 days but some can be subject to longer hold-ups. Historically registration takes place once the buyer is living at the premises therefore an expedited registration is not usually an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in Benfleet differ for new build properties?
Most buyers of new build residence in Benfleet approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is finished. This is because builders in Benfleet tend to buy 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 property lawyers 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 Benfleet or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. Benfleet is where the house is located. Can you shed any light on this issue?
Flying freeholds in Benfleet are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Benfleet you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Benfleet may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My parents are unable to locate their Benfleet land registry title on the site. They recall that back in the 70’s when they bought the house there were complications with the post code not being recognised in some systems.
Almost all properties in Benfleet should appear. Have you attempted a search to simply the postcode. Normally it will mention all the premises inside that postcode. Assuming the property is recorded it will be there with a title number. If they bought back in the 60’s it's conceivable it may be unregistered. The property may still be revealed but with the title number shown 'na'. In this scenario you will need to find the original title deeds which could be with your parent’s lender.