We are a couple about to sign contracts for a semi detached house in Cudham. We have hit a problem. The loan offer with Norwich and Peterborough Building Society runs out on 28/11/2025 but the vendors are putting forward a completion date of 2/12/2025. Is it possible to extend the mortgage offer?
The person best placed to address this question is your solicitors who will assess if he or she is better off negotiating with the mortgage company, vendor’s representatives, property agents or possibly all three given the history of your conveyancing to date.
When does exchange of contracts occur in residential conveyancing in Cudham and am I required to attend the solicitors branch?
Where you are in close proximity to our conveyancing solicitors in Cudham you are welcome to come in to sign documents. That being said, the firms we work with offer a nationwide conveyancing service and give just as detailed and professional a job for you when communicating with you electronically. The executing of the contract is not when everything is set in stone. Signing on the dotted line simply enables the conveyancer to address the formalities at the appropriate time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Cudham)to be in the office available at the end of the phone to exchange contracts.
How does conveyancing in Cudham differ for new build properties?
Most buyers of new build property in Cudham come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Cudham usually buy 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 conveyancers 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 Cudham or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Cudham is the location of the property. Can you offer any assistance?
Flying freeholds in Cudham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cudham you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cudham may ascertain 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.
I'm remortgaging my existing home to a BTL mortgage with TSB and I will use the rest of the raised equity as a down payment on a second house. The area we are talking about is Cudham. Will your conveyancers be able to act for both sets of banks and tie in the conveyances?
Do use our search tool on this page to check that the lawyers are approved by both banks. Assuming that they are your conveyancer should be able to tie up the two transactions but you should have a chat with you lawyer and specify your expectations and needs.
My husband and I are 3 weeks into a freehold purchase having been directed to a firm by the selling agent to perform conveyancing in Cudham. We are not happy. Can you you assist me in finding new lawyers?
They would have to be really poor to suggest changing them. Has the mortgage been sent? If so you need to make them aware of the new contact details and get the mortgage documents are re-sent. The conveyancer should be on the mortgage company approved list to avoid supplemental charges and frustration. That should be your first question of the new solicitors. The find a solicitor tool can help you find a lender approved solicitor for your conveyancing in Cudham