We are about to sign contracts for a semi detached house in Goring. We encountered a snag. Our mortgage offer with Coventry Building Society expires on 20/4/2026 but the vendors are insisting on a completion date of 22/4/2026. Can one prolong the loan offer?
The person best placed to address this concern is your conveyancer who is in a position to calculate whether he or she is better off negotiating with the mortgage broker, vendor’s solicitors, selling agents or indeed all three taking into account the circumstances your house move to date.
What does my ID and proof of funds have anything to do with my conveyancing in Goring? Why is this being asked of me?
Goring conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no older than three months).
Proof of source of monies is also necessary in accordance with the money laundering regulations as solicitors are obliged to ensure that the monies you are using to acquire a property (be it the exchange deposit or the total purchase monies where you are a cash purchaser) has originated from an acceptable source (such as employment savings) rather than the fruits of criminal activity.
How does conveyancing in Goring differ for newly converted properties?
Most buyers of new build property in Goring approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is completed. This is because developers in Goring usually buy the real estate, 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 conveyancers 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 Goring or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £245,000 and found one near me in Goring I like with open areas and transport links nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Goring suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
Hoping to buy a property located in Goring and I am already nervous. I couldn't find anything specific about Goring. Conveyancing will be needed in due course but do you know about the Goring area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Goring. In the meantime here are some basic statistics that we found
My mum and dad are having difficulties in finding their Goring property on the HM Land Registry website. They recall that sixty years ago when they acquired the house there were complications concerning the post code not being recognised in some systems.
Nearly all properties in Goring should be revealed. Have you endevoured to search with simply the postcode. Normally it will mention all the properties within the postcode. Assuming the property is recorded it will be there with a title number. Where they bought back in the 70’s it's conceivable it may be not yet registered. The address may still be revealed but with the title number identified as 'na'. In this scenario you will need to track down the original title documentation which could be with your parent’s mortgage company.