We were just about to exchange contracts for a leasehold flat in Seaview. We encountered a problem. The loan offer with Lloyds TSB Bank expires on 15/10/2025 but the vendors are putting forward a completion date of 17/10/2025. Can one prolong the mortgage expiry date?
The person best placed to address this issue is your solicitors who is in a position to assess if they should be discussing with the bank, owner’s representatives, estate agents or conceivably all three given the circumstances your transaction as of today.
How up to date is your search tool for Seaview conveyancing solicitors on the Santander conveyancing panel? Do Santander send you an updated list?
Seaview conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
Me and my partner are purchasing a apartment in Seaview. It might be a silly question but how we can trust a lawyer? On completion day we have to put money into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
If you had a top tip for choosing a conveyancing solicitor in Seaview what would it be?
Do not opt for the cheapest Seaview conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
About to purchase maisonette in Seaview. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Seaview conveyancer is on the Co-operative conveyancing panel.
How does conveyancing in Seaview differ for new build properties?
Most buyers of new build property in Seaview come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is finished. This is because developers in Seaview usually purchase 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 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 Seaview or who has acted in the same development.
Do I need to be wary by estate agents that I am dealing with are suggesting an online conveyancing firm rather than a High Street Seaview conveyancing company?
As is the case with lots of professional services, often suggestions from relatives can be extremely useful or valuable. Yet there are numerous players in a conveyancing matter; estate agents, mortgage brokers and lenders may recommend conveyancers to retain. Sometimes these conveyancers might be known to one of the organisations as being good in their field, but sometimes there is an underlying financial incentive behind the endorsement. You have the right to appoint your preferred conveyancer. Don't forget that some mortgage providers specify a panel list of lawyers you are obliged to use for the mortgage aspect of your transaction.
What can I do to establish who owns a house in Seaview?
As long as the property is registered with HMLR, and you have sufficient information of the address of the property, you should be able to see results from the HMLR of the registered owner for a for less than a fiver.