We are a couple about to exchange contracts for a freehold house in Bowes Park. We have hit a stumbling block. The mortgage offer with Nottingham Building Society expires on 10/8/2026 but the sellers are suggesting a completion date of 12/8/2026. Is it possible to extend the loan offer?
The best person to deal with your question is your lawyer who will determine if they should be discussing with the mortgage company, seller’s lawyers, estate agents or indeed all parties based on the history of your house move to date.
The Bowes Park conveyancing firm that just started acting on my purchase in Bowes Park have without warning closed. They were on acting for me because I needed a firm on the Skipton conveyancing panel and my preferred Bowes Park lawyer was not. I wrote them a cheque for two hundred pounds in advance. What should be my next steps?
If you have an estate agent involved then inform them immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Skipton conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
Forgive me if this question is silly but I am new to the home moving as FTB of a ground floor flat in Bowes Park. Do I receive the keys to the property on completion from my solicitor? If this is the case, I will appoint a local conveyancing solicitor in Bowes Park?
On the day of completion you do not need to go to the conveyancers office in Bowes Park. Your solicitors will arrange to send the completion advance to the seller's lawyers, and shortly after the monies have arrived, you will be invited to receive the keys from the property Agents and start moving into the property. Usually this happens between 1 and 3pm.
My lawyer has informed me that lack of building regulations insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Bowes Park?
The appropriate level of lack of building regulations indemnity insurance should be dictated by who who your lender is. It would differ for example between National Westminster Bank and The Royal Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such policies.
I recently had an offer accepted on an apartment in Bowes Park. My mortgage broker suggested a solicitor. I paid an on account payment of £175. A couple of days later, the conveyancer called me embarrassingly acknowledging that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Bowes Park?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Bowes Park. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been on the look out for a leasehold apartment up to £305k and found one round the corner in Bowes Park I like with a park and transport links nearby, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Bowes Park for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage the remaining unexpired lease term may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I am looking for a conveyancing solicitor in Bowes Park for my home move. Can I see a firm’s record with the profession’s regulator?
Anyone can find published Solicitor Regulator Association (SRA) decisions resulting from investigations started on or after 1 January 2008. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training reasons.