We are about to sign contracts for a leasehold flat in Raglan. We encountered a snag. Our mortgage offer with Barclays expires on 3/1/2025 but the vendors are putting forward a completion date of 7/1/2025. Is it possible to extend the mortgage offer?
The best person to deal with your question is your lawyer who should assess if they corresponding with the mortgage broker, owner’s conveyancers, estate agents or indeed all parties given what has happend in your transaction to date.
This question may be naive but I am unexperienced as a first time purchaser of a garden flat in Raglan. Do I receive the keys to the property on completion from my solicitor? If so, I will instruct a High Street conveyancing solicitor in Raglan?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the vendor’s solicitors, and once they have received this, you should be invited to collect the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
Can I be sure that the Raglan conveyancing solicitor on the Nationwide panel is any good?
When it comes to conveyancing in Raglan obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer conducting your conveyancing.
Virgin Money have agreed my mortgage in principle, my bid on a flat in Raglan has been accepted, what are the next steps?
Your property agent will wish to be advised as to your solicitor's details (be sure the property lawyers are on the bank’s approved list). Contact Virgin Money or your financial adviser and finish off any outstanding documentation. Virgin Money will appoint a valuer who will get in contact with the selling agent or vendor to schedule an appointment. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Virgin Money will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Raglan.
Will commercial conveyancing searches disclose proposed roadworks that may affect a commercial property in Raglan?
Many commercial conveyancing solicitors in Raglan will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Raglan. The report sets out definitive information 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 Raglan.
For each commercial conveyancing transaction in Raglan it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Raglan commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Raglan.
How does conveyancing in Raglan differ for new build properties?
Most buyers of new build property in Raglan come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is constructed. This is because builders in Raglan usually buy the land, 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 conveyancing solicitors 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 used to new build conveyancing in Raglan or who has acted in the same development.
I am looking for a leasehold apartment up to £235,500 and found one close by in Raglan I like with amenity areas and railway links in the vicinity, however it only has 51 remaining years left on the lease. There is not much else in Raglan in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan that many years will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I need to appoint a conveyancing solicitor for some conveyancing in Raglan. I have land on a site which looks to be the ideal answer If it is possible to get all the legals completed via web that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?