We are a couple about to exchange contracts for a garden flat in Finedon. We encountered a problem. Our loan offer with Chelsea Building Society runs out on 3/3/2026 but the owners are suggesting a completion date of 5/3/2026. Can one extend the mortgage offer?
The person best placed to address this concern is your conveyancer who will calculate if they corresponding with the lender, seller’s conveyancers, estate agents or possibly all parties taking into account the history of your conveyancing as of today.
When it comes to mortgage companies such as Coventry BS, do Finedon lawyers incur an annual charge to be on the conveyancing panel?
We are not aware of any lender fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Is it the case that all Finedon conveyancing solicitors on the HSBC conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the HSBC conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. The majority of lenders do allow licenced conveyancers on their panel in which case such practice would be regulated by the Council of Licensed Conveyancers.
After what seems like an age I have had an offer on an apartment in Finedon accepted, the sellers do nevertheless have an associated purchase. The sellers have put an offer on somewhere, however it’s not been accepted yet, and are looking at other flats in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Finedon. What do I do now? When do I get the mortgage application with Nationwide started?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then valuation, Finedon conveyancing search fees, etc). The first course of action is to ensure that your conveyancing practitioner is on the Nationwide approved list. As to the subsequent steps this very much dictated by the circumstances of your case, attraction to the property and on the state of the market. In a buoyant market some home buyers will apply for the mortgage with Nationwide and pay for the valuation and only if it was satisfactory would they ask their conveyancer to move forward with the conveyancing in Finedon.
Various online forums that I have frequented warn that are the number one cause of obstruction in Finedon conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Finedon.
How does conveyancing in Finedon differ for newly converted properties?
Most buyers of new build premises in Finedon approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Finedon usually purchase the land, 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 accustomed to new build conveyancing in Finedon or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a simple, no chain conveyancing. Finedon is where the house is located. Can you shed any light on this issue?
Flying freeholds in Finedon are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Finedon you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Finedon 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 property.
In my capacity as executor for the will of my uncle I am selling a residence in Monmouth but I am based in Finedon. My conveyancer (based 250 miles awayrequires that I sign a stat dec ahead of completion. Can you recommend a conveyancing practitioner in Finedon to attest and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are Finedon based