We are a couple about to exchange contracts for a garden flat in Benson. We have hit a stumbling block. Our loan offer with Norwich and Peterborough Building Society runs out on 26/5/2026 but the owners are putting forward a completion date of 28/5/2026. Can one prolong the mortgage expiry date?
The person best placed to deal with your question is your solicitors who will calculate if they corresponding with the mortgage broker, owner’s representatives, estate agents or indeed all parties based on what has happend in your conveyancing to date.
We just had an offer accepted to buy with Darlington Building Society. We have called around locally but am struggling to find a Benson conveyancing firm on the Darlington Building Society panel. Please you help?
You should make use of the search tool on this site. Pick the building society and type Benson or your location and you will be presented with a number of lawyer based in Benson or by proximity to you.
I happen to be the single recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Benson. The Benson property was put into my name in February. I plan to dispose of the house. I understand that there is a CML six month 'rule', which means that my property ownership may be treated the same way as if I'd bought the property in February. Will no one buy the property for half a year?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. many lenders would take a pragmatic view as this obligation is principally there to capture the purchase and immediately sell or the flipping of properties.
Are all Benson Conveyancing Quality Solicitors on the UBS conveyancing list of approved firms?
It is true that some banks and building societies now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
I had a mortgage agreed in principle with Virgin Money. Benson conveyancing practitioners are appointed. How long does it take for Virgin Money to send the offer to the solicitor?
Some lenders take longer than others. Have Virgin Money conducted the valuation? Have you informed Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
How does conveyancing in Benson differ for newly converted properties?
Most buyers of new build premises in Benson approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Benson tend to acquire the site, 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 Benson or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Benson I like with amenity areas and railway links in the vicinity, however it's only got 49 years on the lease. I can't really find anything else in Benson for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan the shortness of the lease will be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
In my capacity as executor for the will of my grandmother I am disposing of a property in Monmouth but reside in Benson. My solicitor (based 250 kilometers awayneeds me to sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing practitioner in Benson to witness this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are located in Benson