We are a couple about to sign contracts for a garden flat in Shildon. We encountered a problem. The loan offer with Lloyds TSB Bank runs out on 4/2/2026 but the owners are insisting on a completion date of 6/2/2026. Is it possible to extend the loan expiry date?
The best person to address this concern is your solicitors who should calculate whether he or she is corresponding with the mortgage company, seller’s solicitors, selling agents or indeed all three taking into account the history of your conveyancing as of today.
Do conveyancers ask for an advanced payment when it comes to conveyancing in Shildon?
Where you are retaining lawyers for conveyancing in Shildon your lawyer will request that you place them with monies to cover the search fees. Normally this is needed to cover the fees of the Local Authority Search. When the deposit is payable against the total price then this should be needed immediately before contracts are exchanged. The final balance that is due should be transferred a couple of days prior to the day of completion.
I note that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when buying a house in Shildon? or Apparently there is a law dating back centuries that means some owners of property residing in a parish church boundary may be liable to contribute towards repairs to the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Shildon?
Unless a prior acquisition of the premises took place after 12 October 2013 you may take it that conveyancing practitioners handling conveyancing in Shildon to remain encouraging a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Shildon?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Shildon. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm remortgaging my existing property to a buy to let mortgage with Halifax and I will use the ballance of the raised equity towards a second property. The location we are talking about is Shildon. Will your conveyancers be able to act for the two banks and link together the conveyances?
Do use our search tool on this site to be sure that the conveyancers are approved by both lenders. Having checked that they are your solicitor will be able to simultaneously deal with the two deals but you should have a chat with you solicitor and specify your desired outcome and requirements.
I have been sourcing a conveyancing practitioner in Shildon for my remortgage. Is it possible to review a firm’s record with the legal regulator?
You can find presented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA may monitor telephone calls for training requirements.