We are a couple about to exchange contracts for a semi detached house in Oakley. We have hit a problem. The mortgage offer with Virgin Money expires on 1/4/2025 but the owners are insisting on a completion date of 3/4/2025. Is it possible to prolong the mortgage expiry date?
The best person to deal with your question is your lawyer who should determine if they better off negotiating with the mortgage broker, vendor’s solicitors, selling agents or conceivably all parties given the circumstances your conveyancing to date.
I have an AIP. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to appoint their panel solicitor as I would prefer to instruct a Oakley based conveyancing firm?
Do check but the the likelihood is that allocate you one of their panel conveyancers should you want the "fee-free" deal. Contact the mortgage company and check if they make available a monetary alternative. In the past a few lenders offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Oakley.
Should commercial conveyancing searches reveal planned roadworks that could impact a commercial property in Oakley?
Many commercial conveyancing solicitors in Oakley will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Oakley. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Oakley.
For each commercial conveyancing transaction in Oakley it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Oakley commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Oakley.
My wife and I purchased a terraced Edwardian property in Oakley. Conveyancing solicitor represented me and Barclays Direct. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the matching property. Is it worth asking Barclays Direct to clarify?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Oakley and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing lawyer who carried out the work.
How does conveyancing in Oakley differ for newly converted properties?
Most buyers of new build residence in Oakley approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Oakley usually purchase 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 property lawyers 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 Oakley or who has acted in the same development.
As co-executor for the estate of my father I am selling a property in Newport but live in Oakley. My lawyer (approximately 235 miles from meneeds me to execute a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing practitioner in Oakley who can attest and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are Oakley based