We were just about to sign contracts for a ground floor flat in Ferryside. We encountered a stumbling block. Our mortgage offer with Britannia expires on 3/8/2026 but the sellers are insisting on a completion date of 5/8/2026. Is it possible to extend the loan offer?
The person best placed to deal with your issue is your conveyancer who is in a position to assess if he or she is corresponding with the bank, seller’s lawyers, estate agents or indeed all three based on the history of your transaction to date.
In what way does my ID and proof of funds have anything to do with my conveyancing in Ferryside? What am I being asked for?
Ferryside conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement less than 3 months old).
Proof of source of monies is also necessary in accordance with the money laundering statutes as lawyers are mandated to check that the money you are using to acquire a property (whether it be the deposit for exchange or the total purchase price if you are a cash purchaser) has come from a reputable source (such as employment savings) as opposed to the fruits of illegitimate activity.
Me and my brother own a terraced Georgian property in Ferryside. Conveyancing practitioner represented me and Virgin Money. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ferryside and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing practitioner who conducted the purchase.
Due to the input of my in-laws I had a survey completed on a property in Ferryside ahead of appointing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some banks will refuse to grant a loan on this type of property.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. Should you wish to call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ferryside. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ferryside to see if the conveyancing costs will increase in light of this.
My business partner and I are planning to lease a unit on the high street. Can you recommend conveyancers offering competitive costs for non-domestic conveyancing in Ferryside for below £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Ferryside, including the sale and purchase of businesses as well as simply premises. Whether you are looking to buy or sell a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right lawyer. As for the fees these will vary based on the structure and heads of terms of the deal. Please provide us with your details or telephone us so that we can provide you with comprehensive commercial conveyancing quote.
I am thinking of appointing a conveyancing lawyer in Ferryside for my home move. Is it possible to check a solicitor's record with the legal regulator?
You can find documented Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes monitor call for training purposes.