We are a couple about to exchange contracts for a garden flat in Much Wenlock. We have hit a problem. Our loan offer with Platform Home Loans Ltd expires on 22/9/2025 but the owners are putting forward a completion date of 24/9/2025. Can one prolong the mortgage offer?
The best person to address this concern is your conveyancer who should determine whether he or she is corresponding with the bank, seller’s solicitors, estate agents or indeed all three based on the history of your house move as of today.
What is the best way to check that the solicitor carrying out my conveyancing in Much Wenlock is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barnsley Building Society thus paying £175.00 in further conveyancing bill.
Please do make the most of the search tool on this site. Please choose the mortgage company and type ‘Much Wenlock’ or your location and you will be presented with a number of lawyer based in Much Wenlock or nearest you.
I need some expedited conveyancing in Much Wenlock as I am faced with a deadline to sign on the dotted line inside one month. Fortunately I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are not obtaining a mortgage you have the choice not to do searches although no solicitor would suggest that you don't. Drawing on our experience of conveyancing in Much Wenlock the following are instances of issues that can crop up and therefore affect future mortgageability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Much Wenlock I like with open areas and railway links nearby, the downside is that it only has 61 years on the lease. There is not much else in Much Wenlock in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
Do I need to be concerned by estate agents that I am dealing with are recommending a national conveyancing firm rather than a local Much Wenlock conveyancing firm?
As with lots of professional services, often input from relatives can be worth their weight in gold. Yet there are numerous parties with a vested interest in a conveyancing deal; estate agents, financial adviser and mortgage companies might all put forward lawyers to appoint. Sometimes the conveyancers might be known to one of the organisations as being good in their field, but occasionally there behind the scenes commercial relationship behind the endorsement. You are free to choose your own lawyer. However, bear in mind that some lenders specify a panel list of solicitors you are obliged to use for the lender related work in your house move.
My friend mentioned that before selecting a conveyancing solicitors they need approved by your lender. This is my first house move but I have an offer in principle via Virgin Money and I already have a local conveyancing lawyer in Much Wenlock lined up. Does HSBC need an approved lawyer to be instructed? Does a list of panel conveyancers even exist so I can pick a conveyancing solicitor in Much Wenlock?
You should use a solicitor that is on the HSBC panel. Simply ring your preferred Much Wenlock conveyancing solicitor to check if they are on the HSBC panel. If they are not on the panel you have a number of choices open to you here:
- Complete the purchase with your chosen Much Wenlock property lawyer but HSBC will need to retain a property lawyer on their conveyancing panel. The net impact is additional fees and potential interruption.
- Get a fresh conveyancer to conduct the conveyancing, ensuring that they are on the HSBC conveyancing panel.
- Convince your property lawyer to apply to join the lender panel.