We were just about to exchange contracts for a ground floor flat in Dalston. We encountered a stumbling block. Our mortgage offer with TSB expires on 20/5/2025 but the vendors are suggesting a completion date of 22/5/2025. Can one prolong the loan offer?
The best person to deal with your issue is your lawyer who should determine whether he or she is should be discussing with the lender, owner’s representatives, property agents or indeed all parties based on what has happend in your transaction as of today.
We're in Dalston, First timers purchasing with a mortgage (lender is Nottingham , and our solicitor is on the Nottingham conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nottingham conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I have been told that property searches are the primary cause of hinderance in Dalston conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Dalston.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The conveyancers who handled the conveyancing in Dalston 5 years ago are no longer around. What are my options?
These day there are duplicates made of almost everything, and your lawyer will know precisely where to find all the appropriate paperwork so you can buy or dispose of your house without any difficulty. Where copies are not available, your solicitor may be able to put in place insurance or indemnities protecting you against possible claims on the property.
How does conveyancing in Dalston differ for new build properties?
Most buyers of new build property in Dalston contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in Dalston typically purchase the real estate, 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 Dalston or who has acted in the same development.
I have been sourcing a conveyancing lawyer in Dalston for my home move. Can I check a solicitor's complaints history with the profession’s regulator?
One can find documented Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. For details Pre 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator sometimes monitor call for training purposes.