We are a couple about to exchange contracts for a freehold house in Haggerston. We encountered a stumbling block. Our mortgage offer with Nationwide Building Society runs out on 8/12/2025 but the owners are putting forward a completion date of 10/12/2025. Is it possible to prolong the loan offer?
The person best placed to deal with your issue is your lawyer who should calculate if he or she is better off negotiating with the mortgage broker, seller’s lawyers, estate agents or possibly all parties taking into account what has gone on in your house move as of today.
As someone with no idea as to conveyancing in Haggerston what is your top tip you can give me concerning the home moving process in Haggerston
You may not hear this from too many lawyers but conveyancing in Haggerston and elsewhere in England and Wales is often a confrontational process. In other words, when it comes to conveyancing there is an abundance of room for conflict between you and others involved in the legal transfer of property. For example, the seller, estate agent and even potentially a bank. Appointing a law firm for your conveyancing in Haggerston an important selection as your conveyancer is your adviser, and is the ONE party in the process whose role it is to protect your legal interests and to protect you.
On occasion a third party with a vested interest will attempt to convince you that you should follow their advice. For instance, the estate agent may claim to be helping by claiming that your conveyancer is dragging his heels. Or your financial adviser may advise you to do take action that is against your solicitors advice. You should always trust your lawyer above all other parties in the home moving process.
Will commercial conveyancing searches reveal planned roadworks that may impact a commercial property in Haggerston?
Many commercial conveyancing solicitors in Haggerston will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Haggerston. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Haggerston.
For every commercial conveyancing transaction in Haggerston it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Haggerston commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Haggerston.
How does conveyancing in Haggerston differ for new build properties?
Most buyers of new build property in Haggerston approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Haggerston tend to acquire the site, 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 Haggerston or who has acted in the same development.
I'm converting the mortgage on my existing house to a BTL loan with Godiva Mortgages Ltd and I will use the rest of the raised equity as a down payment on further property. The neighborhood we are interested in is Haggerston. Will your solicitors be able to act for the two banks and tie in the two deals?
Do use our comparison tool on this site to ensure that the solicitors are approved by both banks. Having checked that they are your lawyer will be able to tie up the two deals but you should talk with you solicitor and communicate your desired outcome and needs.
My wife and I yesterday found out that one of the directors of the law firm undertaking the purchase conveyancing in Haggerston is a relative of the owners that we are buying from. Is this allowed?
On the basis that there is no conflict of interest this is allowable. If you are requiring mortgage finance then the bank may have a say as many mortgage companies have specific requirements concerning this. For example for RBS (One Account) as of 7/10/2025, the requirements read as follows :