We were just about to sign contracts for a leasehold flat in Chew Magna. We encountered a snag. The loan offer with Barclays expires on 20/2/2026 but the sellers are insisting on a completion date of 24/2/2026. Can one prolong the mortgage offer?
The person best placed to deal with your question is your conveyancer who should determine whether he or she is should be discussing with the mortgage company, vendor’s solicitors, selling agents or indeed all parties based on the circumstances your transaction as of today.
Is there a reason why leasehold purchase conveyancing in Chew Magna is more expensive?
Chew Magna leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am assisting my niece sell her flat in Chew Magna. Will the solicitor arrange an energy performance certificate or do I organise this?
After the demise of HIPs, energy performance certificates remained a mandatory part of moving property. An energy assessment needs to be commissioned before the property is marketed. It is not something that solicitors normally arrange. Where you are using a Chew Magna conveyancing lawyer they might be able to arrange energy assessments due to their contacts with long established local providers
We expect to receive a OIP from Principality this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Principality recommend any Chew Magna solicitors on the Principality conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Chew Magna solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
I can not work out if my mortgage offer requires a lease extension. I have telephoned my Chew Magna building society branch on a couple of occasions and was told they are content with the situation and they will lend. My Chew Magna conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they would not lend based on their specific requirements. Who do I believe?
Your property lawyer has to follow the CML Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
How does conveyancing in Chew Magna differ for new build properties?
Most buyers of new build or newly converted property in Chew Magna come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is finished. This is because builders in Chew Magna usually 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 Chew Magna or who has acted in the same development.
What is different about your site and other online quote calculators when it comes to conveyancing in Chew Magna?
At this site obtain a conveyancing quote from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Chew Magna. Unlike many estate agents and many comparison sites we do not operate commission deals with solicitors. A large number of agents and online brokers 'recommend' the firm who pay the highest per referral, rather than the best value conveyancing in Chew Magna
As a tenant I am liable for a service charge for my appartment in Chew Magna. Due to redundancy and personal issues I slipped behind with remittance. I negotiated a clearance schedule but there remains about £3000 outstanding at the current time.
I am under pressure to sell and I am panicking this could hold me back if I have to pay off the amount due first. Do I have to settle before - is this possible?
It would be wise to check with the lawyer handling your Chew Magna conveyancing but one option may be to agree for the debt to be attributed to the buyers. The contractual price payable would be reduced to reflect the amount of debt they take on. They would then deal with the outstanding monies following completion of the purchase.