We are a couple about to sign contracts for a leasehold flat in Highcliffe. We encountered a snag. The mortgage offer with Leeds Building Society expires on 9/3/2026 but the owners are insisting on a completion date of 11/3/2026. Can one prolong the mortgage expiry date?
The best person to address this question is your lawyer who will calculate if they corresponding with the bank, owner’s representatives, selling agents or indeed all parties taking into account what has happend in your conveyancing as of today.
At what point does exchange of contracts occur in purchase conveyancing in Highcliffe and do I need to be at the lawyers office?
Where you are near to one of the conveyancing solicitors in Highcliffe you are invited in to sign the paperwork. That being said, the firms we recommend offer a countrywide conveyancing service and provide just as detailed and professional a job for you when communicating with you digitally. The signing of the contract is not when everything is set in stone. A signed contract simply enables the solicitor to address the formalities at the suitable time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Highcliffe)to be in the office available at the end of the phone to exchange contracts.
we are a couple who intend to purchase a purpose built flat in Highcliffe with a mortgage from Coventry Building Society.We have a Highcliffe conveyancing practitioner but Coventry Building Society advised that his firm is not on their approved list of member firms. we are left little option but to use a Coventry Building Society panel solicitor or retain our preferred solicitor and pay for a Coventry Building Society panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The mortgage issued to you contains various provisions, one of which will be that conveyancers must be on the Coventry Building Society approved list. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Coventry Building Society
is it true that all Highcliffe solicitors on the Barclays conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Barclays approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. The majority of lenders do permit licenced conveyancers on their panel in which case such organisation would be overseen by the CLC.
We have agreed to purchase a house in Highcliffe. A rare aspect is that the roof has a solar panel. Virgin Money have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Virgin Money your lawyer must follow the formal instructions contained in Part 2 of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook includes minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Virgin Money where a lease fails to satisfy these requirements. The conditions relate to the installation of panels on properties nationwide and is not limited to Highcliffe.
I currently have a mortgage with Nationwide for my property in Highcliffe. Conveyancing was finalised some time ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nationwide?
Nationwide must be informed of your intention in advance of renting your property as this is likely to be a breach of Nationwide’s mortgage conditions. In many cases banks or building societies will permit you to let 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 Nationwide directly. You need not do this via a Nationwide conveyancing panel lawyer.
My husband and I are 17 days into a leasehold purchase having been referred to a firm by the estate agent to do our conveyancing in Highcliffe. I am am extremely disappointed with the level of service. Could you you assist me in finding new solicitors?
A solicitor would need to be very bad to suggest diss instructing them. Has your mortgage been issued? In the event that it has you must make them aware of the new solicitor and get the loan are issued to the new lawyers. Your new conveyancer needs to be on the mortgage company approved list to avoid escalating costs and delays. So that should be your first question of the new solicitors. The search tool should assist you in finding a lender approved lawyer for your home move in Highcliffe
I am looking for Highcliffe conveyancing quotes online. Can I be assured that all the Highcliffe practices that are identified on your website are on the lender conveyancing panel?
The law firms on our directory have advised us that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Highcliffe conveyancing solicitor being on the bank conveyancing panel is incorrect.