We are about to sign contracts for a property in Isle of Dogs. We encountered a stumbling block. The mortgage offer with Coventry Building Society runs out on 16/7/2025 but the owners are putting forward a completion date of 18/7/2025. Is it possible to extend the loan expiry date?
The best person to deal with your question is your lawyer who will determine if he or she is corresponding with the lender, owner’s conveyancers, estate agents or conceivably all parties based on the history of your transaction as of today.
Is there a reason why leasehold purchase conveyancing in Isle of Dogs costs more?
Isle of Dogs leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
We just had an offer accepted to buy with Coventry BS. We have called around locally but cant to find a Isle of Dogs conveyancing firm on the Coventry BS panel. Can you assist?
Feel free to take advantage of the search tool on this web page. Please choose the lender and type Isle of Dogs or your preferred area and you will see numerous conveyancers offices in Isle of Dogs or near you.
I happen to be the single beneficiary of my late father’s estate and I have everything in my name now, including the my former home in Isle of Dogs. The Isle of Dogs property was put into my name in April. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', meaning my property ownership will be treated the same way as if I'd bought the house in April. Do I have to wait 6 months to sell?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. Most banks would take a practical view as this provision chiefly exists to identify subsales or the wholesaling and assigning of properties.
I am buying a property in Isle of Dogs. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?
Given that you are obtaining a mortgage with HSBC your lawyer must follow the conveyancing instructions outlined in Part 2 of UK Finance Lenders’ Handbook for HSBC. The CML Handbook sets out minimum specifications for solar panel roof-space leases, and solicitors are required to report to HSBC where a lease does not satisfy these requirements. The requirements relate to the installation of panels on properties nationwide and is not restricted to Isle of Dogs.
I'm in the process of looking at flats in Isle of Dogs and I am about to put in an offer. Should I already have a lawyer appointed at this stage? I intend to finance via a mortgage with Co-operative.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. Given that you are taking out a mortgage with Co-operative, ask your prospective lawyers if they are on the Co-operative conveyancing panel otherwise they can't do the mortgage legal work.
Various web forums that I have come across warn that are the number one reason for hinderance in Isle of Dogs conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Isle of Dogs.
The deeds to my house can not be found. The lawyers who conducted the conveyancing in Isle of Dogs 5 years ago have long since closed. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your lawyer should know exactly where to look for all the appropriate paperwork so you can buy or dispose of your house without a hitch. Where copies can’t be found, your conveyancer may be able to put in place insurance or indemnities protecting you against possible claims on the premises.