We were just about to sign contracts for a freehold house in Petersfield. We encountered a snag. The mortgage offer with Bank of Ireland runs out on 28/4/2025 but the owners are suggesting a completion date of 30/4/2025. Is it possible to prolong the loan offer?
The best person to deal with your question is your lawyer who will hopefully calculate if he or she is should be discussing with the mortgage broker, seller’s representatives, property agents or possibly all three based on the history of your transaction to date.
Our lender has suggested solicitors on their panel based in Petersfield but I would rather instruct a conveyancing lawyer in Petersfield or nearer to where I live. Can you help?
It is by no means the case that all Petersfield conveyancing practices are on all banks conveyancing panel. Please make the most of the above search tool to find a Petersfield conveyancing firm on the on the mortgage company panel.
Do commercial conveyancing searches reveal planned roadworks that may affect a commercial land in Petersfield?
Its becoming the norm that commercial conveyancing solicitors in Petersfield will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Petersfield. 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 Petersfield.
For each commercial conveyancing transaction in Petersfield it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Petersfield commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Petersfield.
How does conveyancing in Petersfield differ for newly converted properties?
Most buyers of new build premises in Petersfield approach us having been asked by the developer to sign contracts and commit to the purchase even before the house is constructed. This is because developers in Petersfield typically buy 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 Petersfield or who has acted in the same development.
In sourcing the web for the phrase conveyancing in Petersfield it brings up numerous property lawyersin the vicinity. How do I determine which is the suitable solicitor for the sale of my house?
The best way of choosing a suitable conveyancer is via personal recommendation, so ask colleagues and relatives who have purchased a property in Petersfield or the reputable estate agent or mortgage broker. Costs for conveyancing in Petersfield vary, so it's advisable to request a minimum of three costs illustrations from varying types of conveyancers. Be sure to seek confirmation that the fees are fixed.
My partner and I are FTB’s just having agreed a price on a property in Petersfield, and need to get solicitors appointed. We have utilised the different comparison tools and the results are from all over the England and Wales. Is it critical to have a Petersfield conveyancer local to your prospective new home? We are fine to do everything electronically, but I guess at some point we may be required to attend the conveyancer's office to sign contracts?
There is no requirement to physically visit the office of your lawyer, they can send any relevant contracts to you, which you can sign and send back. Many home movers prefer to instruct a locally based solicitor, but it's by no means a prerequisite for conveyancing in Petersfield.