We were just about to sign contracts for a freehold house in Oldland. We encountered a snag. The mortgage offer with Lloyds TSB Bank expires on 30/1/2026 but the sellers are suggesting a completion date of 3/2/2026. Can one extend the mortgage expiry date?
The best person to deal with your concern is your lawyer who will hopefully assess if he or she is should be discussing with the mortgage broker, vendor’s conveyancers, estate agents or possibly all three given what has happend in your transaction as of today.
As someone not used to the Oldland conveyancing process what is your top tip you can impart concerning the ownership transfer in Oldland
You may not hear this from too many lawyers but conveyancing in Oldland or throughout England and Wales is often a confrontational experience. In other words, when it comes to conveyancing there exists lots of opportunity for friction between you and others involved in the house moving process. For example, the seller, estate agent and sometimes a lender. Choosing a solicitor for your conveyancing in Oldland an important selection as your conveyancer is your adviser, and is the ONLY person in the transaction whose role it is to look after your best interests and to keep you safe.
Sometimes a third party with a vested interest will try and persuade you that it is in your interests to do things their way. For instance, the estate agent may claim to be helping by claiming that your solicitor is dragging his heels. Or your mortgage broker may tell you to do take action that is contrary to your conveyancers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
I decided to have a survey completed on a property in Oldland before instructing lawyers. I have been informed that there is a flying freehold element to the property. The surveyor has said that some banks tend not grant a mortgage on a flying freehold house.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Oldland. Conveyancing may be slightly more expensive based on your lender's requirements.
Do I need to be wary about third parties that I am dealing with are encouraging me to use an online conveyancing firm as opposed to a local Oldland conveyancing practice?
As with many service providers, often recommendations from connections can be extremely useful or valuable. But there are lots of people with a keen interest in a conveyancing deal; estate agents, financial adviser and lenders might all suggest lawyers to use. Sometimes these solicitors might be known to one of the organisations as experts in their field, but sometimes there is an underlying commercial relationship behind the endorsement. You have the discretion to select your own conveyancer. You need to be aware that some lenders specify a panel list of conveyancers you are obliged to use for the mortgage aspect of your transaction.
I need to instruct a conveyancing lawyer in Oldland for my house move. Is it possible to see a firm’s complaints history with the profession’s regulator?
Anyone may see documented Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training purposes.
Can you offer any advice when it comes to appointing a Oldland conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a property lawyer for your lease extension (regardless if they are a Oldland conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with two or three firms including non Oldland conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be helpful:
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How familiar is the firm with lease extension legislation? What volume of lease extensions has the firm completed in Oldland in the last twenty four months?
Leasehold Conveyancing in Oldland - Sample of Queries before Purchasing
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Who manages the block? The answer will be useful as a) areas could cause problems for the block as the communal areas may start to deteriorate where repairs remain unpaid b) if the leaseholders have an issue with the managing agents you will need to have complete disclosure How many of the leaseholders are in arrears for their service charge payments?