We were just about to exchange contracts for a semi detached house in Bow Street. We have hit a snag. Our loan offer with Clydesdale runs out on 29/7/2025 but the sellers are putting forward a completion date of 31/7/2025. Is it possible to extend the loan expiry date?
The best person to address this concern is your conveyancer who will calculate whether they better off negotiating with the lender, owner’s conveyancers, estate agents or possibly all three given what has gone on in your conveyancing as of today.
We see that you have a post code search directory listing solicitors on the Kent Reliance conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Bow Street?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bow Street.
It has been four months since my purchase conveyancing in Bow Street took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Bow Street differ for newly converted properties?
Most buyers of new build premises in Bow Street approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is built. This is because builders in Bow Street 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 accustomed to new build conveyancing in Bow Street or who has acted in the same development.
I opted to have a survey done on a property in Bow Street prior to instructing solicitors. I have been advised that there is a flying freehold element to the property. My surveyor has said that some mortgage companies will refuse to grant a mortgage on this type of property.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bow Street. Conveyancing will be smoother if you use a solicitor in Bow Street especially if they are acquainted with such properties in Bow Street.
Me and my husband have just had a bid accepted on our 1st home in Bow Street, and are about to get solicitors lined up. I have made use of the various rating tools and the fee estimates are from all across the the UK. Is it important to have a Bow Street conveyancer local to our prospective new home? I am happy to do all the communicating electronically, but I guess at some stage we will be required to visit the lawyer's office to sign papers?
Generally there is no need to attend the office of your conveyancing practitioner, they can post any relevant contracts to you, which you can sign and return. Many home movers prefer to instruct a locally based solicitor, but it is not essential for conveyancing in Bow Street.