We were just about to sign contracts for a leasehold flat in Littleport. We have hit a problem. Our loan offer with Nationwide Building Society expires on 13/4/2026 but the vendors are putting forward a completion date of 15/4/2026. Can one prolong the mortgage offer?
The best person to deal with your issue is your solicitors who will calculate if they better off negotiating with the mortgage broker, seller’s representatives, property agents or conceivably all three based on the circumstances your transaction as of today.
My wife and I are buying a flat in Littleport. It might be a silly question but how we can trust a conveyancer? On completion day we have to send money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We had instructed conveyancing lawyers locally in Littleport on the HSBC solicitor panel. They are now charging me an additional amount for dealing with the HSBC mortgage. Is this a supplemental conveyancing fee specified by HSBC?
As unfair as it may seem, as long as it’s in their Terms and Conditions or Quote then yes your property lawyer can charge a fee for this. This charge is not set by HSBC but by your Littleport lawyer. Numerous firms on the HSBC panel will charge an ‘acting for lender’ fee and others do not.
I'm at the point of viewing flats in Littleport and I am about to put in an offer. Is it too early to have a solicitor in place? I intend to finance via a home loan with Yorkshire BS.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use 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 getting a mortgage with Yorkshire BS, make sure you remember to check that your lawyer is on the Yorkshire BS conveyancing panel.
Should our lawyer be raising questions concerning flooding as part of the conveyancing in Littleport.
Flooding is a growing risk for solicitors specialising in conveyancing in Littleport. Some people will purchase a house in Littleport, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, but there are a numerous searches that may be undertaken by the buyer or on a buyer’s behalf which will figure out the risks in Littleport. The standard information given to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual question of the seller to discover if the property has suffered from flooding. In the event that the residence has been flooded in past which is not notified by the vendor, then a buyer could bring a legal claim for losses stemming from an misleading response. A purchaser’s solicitors will also conduct an environmental report. This should reveal whether there is any known flood risk. If so, further investigations should be made.
I opted to have a survey done on a house in Littleport in advance of retaining conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some banks may not grant a loan on a flying freehold house.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Littleport. Conveyancing will be smoother if you use a solicitor in Littleport especially if they are acquainted with such properties in Littleport.
Do I need to be wary by third parties that I am dealing with are suggesting a national conveyancing firm as opposed to a local Littleport conveyancing firm?
As is the case with many service providers, often input from connections can be most helpful. But there are numerous parties with a vested interest in a conveyancing deal; estate agents, financial adviser and banks may put forward conveyancers to retain. On occasion these conveyancers might be known to one of the organisations as experts in their field, but sometimes there may be a financial incentive behind the endorsement. You are at liberty to choose your own conveyancer. However, bear in mind that most mortgage providers have an approved list of conveyancers you are obliged to use for the lender aspect of your home move.
My mortgage broker has recommended their conveyancer for the conveyancing in Littleport - Is it not simpler easier to just use them?
You need to establish if the estate agent is recommending a property lawyer or introducing to a lawyer. There are plenty of Littleport selling agents who recommend two or three Littleport conveyancing firms purely based on those lawyers offering a great service.