We are about to exchange contracts for a ground floor flat in Gamston. We have hit a problem. Our mortgage offer with TSB runs out on 5/3/2026 but the owners are putting forward a completion date of 9/3/2026. Can one extend the loan expiry date?
The person best placed to deal with your question is your conveyancer who will hopefully assess whether he or she is better off negotiating with the bank, vendor’s representatives, selling agents or indeed all three taking into account the circumstances your transaction as of today.
Do conveyancers ask for an advanced payment for my conveyancing in Gamston?
Where you are retaining lawyers for conveyancing in Gamston your solicitor will ask you to provide them with funds to cover the search fees. Normally this is asked for to cover the fees of the Local Authority Search. If any down payment is payable against the sale price then this will be needed immediately in advance of exchange of contracts. The closing balance that is needed should be sent to your lawyer a couple of days ahead of the day of completion.
It has been three months since my purchase conveyancing in Gamston completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Gamston differ for new build properties?
Most buyers of new build property in Gamston contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is constructed. This is because developers in Gamston usually acquire 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 conveyancing solicitors 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 Gamston or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Gamston ahead of appointing lawyers. I have been informed that there is a flying freehold element to the house. My surveyor advised that some mortgage companies tend refuse to issue a mortgage on a flying freehold house.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Gamston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Gamston to see if the conveyancing costs will increase in light of this.
How do I search for a Gamston law firm on the Accord Mortgages Ltd conveyancing panel? I am a keen cyclist and am willing to travel upto 25miles to meet the lawyer.
You can use the search on this page. Please pick a lender and your location and you will see a number of Gamston conveyancing lawyers based on proximity. We have listed some Gamston conveyancing firms towards the end of this page and you can call them to verify if they are on the Accord Mortgages Ltd approved list