We are about to sign contracts for a leasehold flat in Sandbanks. We have hit a snag. Our loan offer with Halifax expires on 4/11/2025 but the sellers are insisting on a completion date of 6/11/2025. Is it possible to extend the loan expiry date?
The best person to deal with your question is your lawyer who will calculate whether they better off negotiating with the lender, vendor’s solicitors, selling agents or conceivably all three given what has happend in your house move as of today.
As someone with no idea as to the Sandbanks conveyancing process what is your top tip you can give me for the legal transfer of property in Sandbanks
You may not hear this from too many lawyers but conveyancing in Sandbanks and elsewhere in Dorset is often a confrontational process. In other words, when it comes to conveyancing there exists an abundance of opportunity for conflict between you and others involved in the transaction. E.g., the vendor, estate agent and sometimes the bank. Appointing a lawyer for your conveyancing in Sandbanks is a critical decision as your conveyancer is your adviser, and is the SOLE party in the process whose interest is to look after your legal interests and to keep you safe.
Sometimes a potential adversary will try and sway you that you should follow their advice. As an example, the property agent may claim to be helping by claiming that your solicitor is wrong. Or your financial adviser may try to convince you to do take action that is against your lawyers guidance. You should always trust your lawyer above all other parties in the conveyancing process.
I am assisting my sister sell her house in Sandbanks. Will the conveyancing solicitor commission the EPC or should I organise this?
After the abolition of HIPs, EPC’s was maintained a required component of selling a property. An energy performance certificate must be to hand in advance of the property being advertised. This is not something that conveyancers ordinarily arrange. If you are instructing a Sandbanks conveyancing solicitor they might be willing to arrange EPC’s due to their contacts with reputable Sandbanks accredited person
Forgive me if this question is silly but I am wet behind the ears as a 1st time purchaser of a two bedroom flat in Sandbanks. Do I collect the keys to the property on completion from my solicitor? If this is the case, I will appoint a local conveyancing solicitor in Sandbanks?
On the day of completion you will not be required to attend the conveyancers office in Sandbanks. Conveyancing lawyers for you will transfer the completion advance to the owner’s lawyers, and once they have received this, you will be invited to collect the keys from the Estate Agents and move into your new home. Usually this occurs between 1 and 3pm.
When it comes to mortgage companies such as Virgin Money, do Sandbanks solicitors incur an annual charge to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I bought my apartment on 13 June and the transaction details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Sandbanks said it should be formalised in less than a month. Are properties in Sandbanks uniquely lengthy to register?
As far as conveyancing in Sandbanks registration is no faster or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timeframes can adjust subject to who lodges the application, whether it is in order and whether the Land registry have to notify any interested parties. At present roughly three quarters of submission are completed within two weeks but some can be subject to protracted hold-ups. Registration occurs after the buyer is living at the premises thus 'speed' is not typically primary concern but if there is a degree of urgency associated with the registration then you or your lawyers could speak with the land registry and explain the circumstances.
How does conveyancing in Sandbanks differ for newly converted properties?
Most buyers of new build or newly converted property in Sandbanks contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Sandbanks tend to acquire 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 conveyancers 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 Sandbanks or who has acted in the same development.
My brother has encouraged me to appoint his conveyancing solicitors in Sandbanks. Should I use them?
No doubt it’s preferable to find a conveyancing practitioner is to get guidance from friends or relatives who have actually experience in using the conveyancer you're contemplating using.