We are about to exchange contracts for a ground floor flat in Chew Magna. We encountered a snag. The loan offer with Birmingham Midshires expires on 24/6/2025 but the sellers are insisting on a completion date of 26/6/2025. Is it possible to prolong the loan offer?
The person best placed to address this issue is your conveyancer who will assess if they better off negotiating with the lender, vendor’s lawyers, property agents or conceivably all three given the circumstances your house move to date.
Our mortgage company has suggested solicitors on their panel based in Chew Magna but I would rather instruct a conveyancing lawyer in Chew Magna round the corner to me. Are you able to assist?
Not all Chew Magna conveyancing solicitors are on all banks conveyancing panel. Do make the most of our find an approved solicitor tool to choose a Chew Magna conveyancing conveyancer on the on the mortgage company panel.
My wife and I are buying a property in Chew Magna. I might seem paranoid but how we can trust a solicitor? At some point we will need to send money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
After weeks of negotiation I have agreed a price on a house in Chew Magna. My financial adviser pressured me to appoint their conveyancer. I paid an on account payment of £150. Not long after, the property lawyer contacted me sheepishly admitting that they were not on the UBS 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 UBS 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.
I have finally had an offer on a flat in Chew Magna agreed to, but there is a chain. The sellers have put an offer on a property, but it’s not yet agreed to, and have viewings of other properties booked. I have selected a local conveyancing solicitor in Chew Magna. What do I do now? At what point do I apply for the mortgage with Yorkshire BS?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx £1k, then valuation, Chew Magna conveyancing search charges, etc). The first course of action is to check that your conveyancer is on the Yorkshire BS conveyancing panel. Concerning the subsequent stages this very much depends on the specifics of your case, motivation for the property and on the state of the market. During a buoyant market the majority of purchasers would apply for the mortgage with Yorkshire BS and pay for the valuation and only if it was satisfactory would they request their solicitor to move forward with the conveyancing in Chew Magna.
Do commercial conveyancing searches disclose planned roadworks that could affect a commercial site in Chew Magna?
Its becoming the norm that commercial conveyancing solicitors in Chew Magna will perform a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Chew Magna. The search result sets out definitive data 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 Chew Magna.
For each commercial conveyancing transaction in Chew Magna it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Chew Magna commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Chew Magna.
I am buying a new build apartment in Chew Magna. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Chew Magna
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
What is the difference between surveying and conveyancing in Chew Magna?
Conveyancing - in Chew Magna or elsewhere - is the process of legally transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re intending to buy and will help you discover the condition of the building and, if there are problems, give you a powerful reason for negotiating the purchase price down or asking the seller to remedy the problems before you complete your move.