Me and my partner are buying an apartment in Earls Barton. My Conveyancer is not on the lender approved panel. Am I still permitted to appoint my Earls Barton conveyancing solicitor even though they are excluded from the mortgage company panel?
One must have a conveyancer to complete the legal work required if you take out a mortgage to purchase your home. They will conduct all the appropriate due diligence on the property, make sure that you’re properly registered as the owner and ensure that all the required mortgage documentation is in place. You may select a Earls Barton conveyancer of your choice. However, if the lawyer appointed is not a member of the lender approved list supplemental costs will be levied as separate legal representation will be need by the mortgage company. Lender panel applications can be submitted, so where your conveyancer has not previously applied for membership they should do so.
We are a couple about to exchange contracts for a freehold house in Earls Barton. We encountered a problem. Our mortgage offer with HSBC Bank runs out on 9/12/2025 but the sellers are suggesting a completion date of 11/12/2025. Can one extend the mortgage expiry date?
The best person to address this concern is your conveyancer who will calculate if they should be discussing with the mortgage company, vendor’s representatives, selling agents or conceivably all three based on the history of your conveyancing to date.
Should conveyancers ask for money on account for my conveyancing in Earls Barton?
Where you are retaining lawyers for conveyancing in Earls Barton your solicitor will request that you to provide them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. When the down payment is as part of the total price then this should be required immediately ahead of contracts are exchanged. The final balance that is needed will be payable shortly before completion.
My colleague recommended that where I am purchasing in Earls Barton I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Earls Barton conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Earls Barton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Earls Barton Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Earls Barton Education with plans and statistics, Local Amenities and other useful data regarding Earls Barton.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one near me in Earls Barton I like with amenity areas and station in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Earls Barton in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage that many years will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
We're new on the property ladder - had an offer accepted, but the estate agent told us that the seller will only issue a contract if we appoint their recommended conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a local solicitor who is accustomed to conveyancing in Earls Barton
It is highly unlikely the sellers are behind this. Should the seller require ‘a quick sale', alienating a genuine buyer is likely to cause more damage than good. Bypass the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you intend to instruct your preferred Earls Barton conveyancing firm - as opposed tothose that will give the estate agent a commission or hit his conveyancing thresholds demanded by senior management.