We were just about to exchange contracts for a property in Rogerstone. We have hit a snag. The mortgage offer with Barclays runs out on 12/11/2025 but the vendors are insisting on a completion date of 14/11/2025. Can one prolong the mortgage expiry date?
The person best placed to address this issue is your solicitors who should determine whether he or she is corresponding with the mortgage broker, vendor’s representatives, estate agents or possibly all parties taking into account what has happend in your transaction to date.
What happens if my lawyer’s firm is expelled from the TSB Conveyancing panel ahead of completing my conveyancing in Rogerstone?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I am helping my sister sell her flat in Rogerstone. Will the conveyancing solicitor commission an energy assessment or it is for me to coordinate?
After the demise of Home Information Packs, EPC’s became a compulsory part of selling a house. An energy assessment must be to hand before the property is placed on the market. It is not as aspect of the sale process that law firms normally arrange. Where you are instructing a Rogerstone conveyancing lawyer they might be willing to arrange energy performance certificates due to their contacts with reputable local accredited person
I'm the only beneficiary of my late father’s will with all property in now in my sole name, including the my former home in Rogerstone. Conveyancing formalities meant that the Land Registry date was in August. I want to move. I do know about the Mortgage Lenders 6 month 'rule', meaning my proprietorship may be regarded the same way as though I had purchased the property in August. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. How practical a view mortgage companies take of it, depend on the lender as this provision principally exists to pick up on subsales or the flipping of property.
The formalities of my purchase has taken place for my property in Rogerstone. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
How simple is it to switch firm as I have to instruct a firm on the Barclays conveyancing list. I was using a high street conveyancing solicitor in Rogerstone five minutes from me but she is not approved by Barclays
We will our best to assist in finding you a conveyancing solicitor in Rogerstone on the Barclays panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Rogerstone. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Rogerstone.
What advice can you give us when it comes to appointing a Rogerstone conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a property lawyer for lease extension works (regardless if they are a Rogerstone conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with several firms including non Rogerstone conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:
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What volume of lease extensions has the firm carried out in Rogerstone in the last 12 months? What are the legal fees for lease extension work?
I invested in buying a studio flat in Rogerstone, conveyancing having been completed in 2003. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Rogerstone with a long lease are worth £190,000. The ground rent is £45 charged once a year. The lease expires on 21st October 2087
With only 62 years left to run we estimate the price of your lease extension to be between £17,100 and £19,800 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
Our conveyancer in Rogerstone has uncovered a a problem with the lease for the apartment we are purchasing in Rogerstone. The seller’s lawyers have offered defective title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor says that as he is on the bank conveyancing panel he must ensure that the lender is happy with this solution. Are we the client or is the bank?
Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Rogerstone conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the mortgage company are the client. The appropriate lender requirements must be adhered to by the bank conveyancing panel who has to balance acting for you and the bank