We were just about to exchange contracts for a garden flat in Broad Haven. We have hit a stumbling block. The mortgage offer with Norwich and Peterborough Building Society runs out on 24/2/2025 but the vendors are suggesting a completion date of 26/2/2025. Is it possible to prolong the loan expiry date?
The person best placed to deal with your issue is your conveyancer who should determine if he or she is better off negotiating with the lender, seller’s lawyers, estate agents or conceivably all parties given the circumstances your transaction to date.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Broad Haven. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 22/12/2024, the requirements read as follows :
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a simple, chain free conveyancing. Broad Haven is where the house is located. Is there any advice you can give?
Flying freeholds in Broad Haven 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 Broad Haven you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Broad Haven may determine 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 residence.
Hoping to buy a property located in Broad Haven and I am already nervous. I couldn't find anything specific about Broad Haven. Conveyancing will be needed in due course but do you know about the Broad Haven area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Broad Haven. In the meantime here are some basic statistics that we found
Should I instruct a Broad Haven conveyancing solicitor in close proximity to the house I am buying? We have a good friend who can deal with the conveyancing but her office is approximately 350miles away.
The benefit of a local Broad Haven conveyancing firm is that you can pop in to sign documents, hand in your ID and pester them if necessary. They will also have local knowledge which is a plus. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and the majority were happy that should trump using an unknown Broad Haven conveyancing lawyer just because they are local.
Much to my surprise my property lawyer in Broad Haven has requested from me personal identification documents stating that this is part of his obligations as a solicitor on the mortgage company Conveyancing panel. Is this right?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the lender. This is not unique to conveyancing in Broad Haven