We were just about to sign contracts for a semi detached house in Chesham. We encountered a snag. Our loan offer with Lloyds TSB Bank runs out on 17/2/2025 but the owners are insisting on a completion date of 19/2/2025. Is it possible to extend the loan offer?
The best person to deal with your issue is your solicitors who should determine if he or she is should be discussing with the bank, seller’s conveyancers, estate agents or conceivably all three given what has gone on in your transaction as of today.
My fiance and I are purchasing a newbuild apartment in Chesham with a mortgage from Birmingham Midshires.We have a Chesham conveyancing lawyer but Birmingham Midshires says his firm is not listed on their approved list of member firms. we are left little option but to use a Birmingham Midshires panel lawyer or retain our high street solicitor and fork out for a Birmingham Midshires panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The loan offered to you is subject to its various provisions, a common one being that solicitors must be on the Birmingham Midshires conveyancing panel. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Birmingham Midshires
Will commercial conveyancing searches reveal impending roadworks that may affect a commercial property in Chesham?
Many commercial conveyancing solicitors in Chesham will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Chesham. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chesham.
For every commercial conveyancing transaction in Chesham it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to Chesham commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Chesham.
How does conveyancing in Chesham differ for newly converted properties?
Most buyers of new build premises in Chesham approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is completed. This is because builders in Chesham tend to purchase 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 Chesham or who has acted in the same development.
I am looking for a ground for flat up to £305k and identified one near me in Chesham I like with open areas and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Chesham for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
I have been sourcing a conveyancing lawyer in Chesham for my house move. Is it possible to see a firm’s complaints history with the profession’s regulator?
You can read presented Solicitor Regulator Association (SRA) decisions arising from investigations started on or after 1 January 2008. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training purposes.