We are a couple about to sign contracts for a leasehold flat in Highbridge. We encountered a stumbling block. The loan offer with Chelsea Building Society runs out on 12/11/2026 but the vendors are suggesting a completion date of 16/11/2026. Is it possible to prolong the loan offer?
The person best placed to deal with your concern is your solicitors who will hopefully assess whether they should be discussing with the lender, vendor’s representatives, estate agents or possibly all parties taking into account the circumstances your conveyancing to date.
We are buying a house and need a conveyancing solicitor in Highbridge who is on the Bank of Ireland conveyancing panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in Highbridge.
We just had an offer accepted to buy with Coventry BS. We have called around locally but am struggling to find a Highbridge conveyancing firm on the Coventry BS panel. Please you assist?
Feel free to take advantage of the search tool on this page. Please choose the lender and type Highbridge or your location and you will discover a number of lawyer offices in Highbridge or nearest you.
Is it the case that all Highbridge solicitors on the TSB conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the TSB conveyancing panel they would need to be regulated by the SRA. Many banks do list licenced conveyancers on their panel in which case such firms would be overseen by the CLC.
We have a mortgage agreed in principle with Nationwide. Highbridge conveyancing practitioners were chosen. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide conducted the valuation? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I currently have a mortgage with Leeds Building Society for my property in Highbridge. Conveyancing was finalised months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Leeds Building Society?
Leeds Building Society must be informed of your intention prior to letting out your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. It may be that Leeds Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. You need not do this via a Leeds Building Society conveyancing panel lawyer.
Should our solicitor be raising enquiries about flooding as part of the conveyancing in Highbridge.
Flooding is a growing risk for lawyers specialising in conveyancing in Highbridge. Plenty of people will buy a house in Highbridge, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to offer advice on flood risk, but there are a numerous searches that may be carried out by the buyer or by their conveyancers which will figure out the risks in Highbridge. The conventional set of property information forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the vendor to discover whether the premises has ever been flooded. In the event that the residence has been flooded in past which is not revealed by the vendor, then a purchaser may bring a compensation claim as a result of such an incorrect answer. The buyer’s lawyers will also order an environmental search. This should disclose whether there is a recorded flood risk. If so, additional inquiries should be conducted.
How does conveyancing in Highbridge differ for newly converted properties?
Most buyers of new build premises in Highbridge come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Highbridge typically 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 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 used to new build conveyancing in Highbridge or who has acted in the same development.