We were just about to exchange contracts for a property in Gallows Corner. We have hit a stumbling block. The loan offer with Norwich and Peterborough Building Society expires on 22/12/2025 but the vendors are putting forward a completion date of 24/12/2025. Is it possible to prolong the mortgage expiry date?
The person best placed to address this question is your solicitors who will assess if he or she is better off negotiating with the bank, vendor’s conveyancers, property agents or possibly all three taking into account what has gone on in your conveyancing as of today.
It is a dozen years since I bought my home in Gallows Corner. Conveyancing solicitors have just been appointed on the sale but I can't find my title deeds. Will this jeopardise the sale?
You need not be too concerned. First there is a possibility that the deeds will be with your lender or they may be in the possession of the solicitor who acted in your purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining up to date copy of the land registers. Almost all conveyancing in Gallows Corner relates to registered property but in the unlikely event that your property is not registered it is more tricky but is not insurmountable.
The Gallows Corner conveyancing lawyers that just started acting on my purchase in Gallows Corner have without warning shut down. They were on acting for me because I needed a lawyer on the Nottingham conveyancing panel and my preferred Gallows Corner lawyer was not. I wrote them a cheque for £250 in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Nottingham conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
A friend recommended that if I am purchasing in Gallows Corner I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Gallows Corner conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about Gallows Corner around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Gallows Corner Education with plans and statistics, Local Amenities and other useful information about Gallows Corner.
I am buying a new build apartment in Gallows Corner. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Gallows Corner
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan.
Due to the input of my in-laws I had a survey completed on a house in Gallows Corner prior to instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some banks will not issue a mortgage on a flying freehold house.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. If you call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Gallows Corner. Conveyancing will be smoother if you use a solicitor in Gallows Corner especially if they are accustomed to such properties in Gallows Corner.