We are a couple about to exchange contracts for a leasehold flat in Nettleham. We have hit a snag. Our mortgage offer with Platform Home Loans Ltd expires on 25/3/2025 but the owners are suggesting a completion date of 27/3/2025. Is it possible to prolong the loan expiry date?
The person best placed to address this issue is your lawyer who will determine whether he or she is better off negotiating with the mortgage broker, vendor’s representatives, selling agents or conceivably all three given what has gone on in your house move as of today.
Will lawyers ask for an advanced payment when it comes to conveyancing in Nettleham?
If you are buying a property in Nettleham your lawyer will request that you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the purchase price then this will be needed shortly ahead of contracts are exchanged. Any further balance that is needed will be payable a couple of days ahead of the completion date.
Two weeks ago we had a mortgage agreed in principle with Nottingham. Nettleham conveyancing lawyers were chosen. What is the average time that one could expect to receive a mortgage offer from Nottingham?
There is no definitive answer here. Have Nottingham completed the valuation? Have you advised Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I currently have a mortgage with Santander for my property in Nettleham. Conveyancing has been completed 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 buy-to-let mortgage or inform Santander?
Santander must be informed of your intention before letting out your property as this is likely to be a breach of Santander’s mortgage conditions. In many cases banks or building societies 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 Santander directly. You need not do this via a Santander conveyancing panel firm.
My offer was accepted on a house in Nettleham on 16/12/2024, valuation was booked 3 days after, received a clean bill of health. Solicitor appointed, so all that was missing was my mortgage offer. Having made daily calls to Yorkshire BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Yorkshire BS conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Yorkshire BS to deal with your lawyer's application to be on the Yorkshire BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I used Action Conveyancing a few years ago for my conveyancing in Nettleham. Now, I need my files however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Nettleham of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Nettleham differ for new build properties?
Most buyers of new build premises in Nettleham come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Nettleham usually acquire the real estate, 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 accustomed to new build conveyancing in Nettleham or who has acted in the same development.
I am downsizing from my property. My past conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Nettleham if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Nettleham. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.