We were just about to exchange contracts for a freehold house in Newport. We have hit a snag. The mortgage offer with Bank of Scotland runs out on 8/7/2025 but the sellers are putting forward a completion date of 10/7/2025. Is it possible to extend the mortgage offer?
The person best placed to deal with your question is your conveyancer who will hopefully determine if they corresponding with the mortgage company, vendor’s representatives, estate agents or possibly all three based on the history of your house move as of today.
Do I have to attend the offices of the solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Newport so that I can pop in to their offices if required.
Whereas this was necessary 15 years ago, the vast majority lenders no longer oblige their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to hand over identification documents and there are still distinct benefits to instructing a locally based solicitor, in your situation a conveyancing solicitor in Newport.
Are all Newport Conveyancing Quality Solicitors on the Yorkshire BS conveyancing panel?
Some major banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
When it comes to lenders such as Santander, do Newport conveyancers have to pay an annual charge to be on the conveyancing panel?
We are not aware of any bank fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
I am currently in the process of buying my council flat in Newport. I have a mortgage agreed with Coventry BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Coventry BS, you will need to appoint a solicitor on the Coventry BS conveyancing panel.
I note that there are debates on Chancel Insurance on online forums. Do I need this when acquiring a house in Newport? or I am told that there is a law dating back centuries that could mean that homeowners living in a parish church boundary may be liable to contribute towards maintenance to the chancel within the church. Is this appropriate for conveyancing in Newport?
Unless a previous purchase of the house took place after 12 October 2013 you may take it that solicitors delivering conveyancing in Newport to continue to recommend a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Newport?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Newport. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
What does commercial conveyancing in Newport cover?
Newport conveyancing for business premises incorporates a broad range of guidance, provided by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.