We were just about to exchange contracts for a garden flat in Shortlands. We encountered a snag. Our loan offer with Coventry Building Society runs out on 25/6/2025 but the vendors are suggesting a completion date of 27/6/2025. Is it possible to prolong the loan expiry date?
The person best placed to address this concern is your conveyancer who will determine whether he or she is better off negotiating with the mortgage broker, owner’s representatives, selling agents or possibly all parties taking into account what has happend in your conveyancing to date.
There is lots of here concerning conveyancing in Shortlands but can you isolate your top tip for appointing the right conveyancer in Shortlands
Do not opt for the cheapest Shortlands conveyancing quote. You really do get what you pay 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.
I am purchasing a property in Shortlands. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Clydesdale be concerned?
As you are obtaining a mortgage with Clydesdale your lawyer must check the conveyancing requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Clydesdale. The Council of Mortgage Lenders’ Handbook sets out minimum provisions for solar panel roof-space leases, and property lawyers are required to report to Clydesdale where a lease does not meet these conditions. The specifications relate to the installation of panels on properties nationwide and is not limited to Shortlands.
The mortgage over my property is with Barclays for my property in Shortlands. Conveyancing has been completed some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Barclays?
You must advise Barclays prior to renting your property as this is likely to be a breach of Barclays’s mortgage conditions. It may be that Barclays will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. You need not do this via a Barclays conveyancing panel solicitor.
Me and my brother purchased a 4 bedroom Victorian property in Shortlands. Conveyancing practitioner represented me and Clydesdale. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Shortlands and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with the conveyancing solicitor who conducted the purchase.
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My husband and I are first time buyers - agreed a price, but the agent informed us that the vendor will only go ahead if we appoint their chosen conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family conveyancer accustomed to conveyancing in Shortlands
It is improbable the sellers are driving this. Should the owner desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is not the way to achieve this. Avoid the agents and go straight to the sellers and make sure they comprehend that (a)you are serious buyers (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)but you are going to appoint your own,trusted Shortlands conveyancing solicitors - not the ones that will provide the negotiator at the agency a commission or meet his conveyancing targets demanded by corporate headquarters.
I have just started marketing my basement flat in Shortlands.Conveyancing solicitors are to be appointed soon but I have just received a quarterly service charge demand – Do I pay up?
The sensible thing to do is discharge the service charge as you normally would as all ground rent and maintenance invoices will be allottedon completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process