We were just about to exchange contracts for a ground floor flat in Southwick. We have hit a stumbling block. Our mortgage offer with Barclays Direct runs out on 16/1/2026 but the vendors are putting forward a completion date of 20/1/2026. Can one prolong the loan expiry date?
The best person to address this question is your solicitors who is in a position to determine whether they better off negotiating with the bank, seller’s conveyancers, estate agents or conceivably all three given the circumstances your conveyancing to date.
Are the BSA intent on creating a search tool with a view to to identify solicitors on the Coventry BS conveyancing panel for instance in Southwick?
We would not expect to be advised of any intention on the part of the BSA to develop such a search facility.
Should our solicitor be asking questions concerning flooding as part of the conveyancing in Southwick.
Flooding is a growing risk for conveyancers dealing with homes in Southwick. There are those who buy a property in Southwick, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, but there are a number of checks that can be initiated by the purchaser or on a buyer’s behalf which will figure out the risks in Southwick. The standard completed inquiry forms sent to a buyer’s lawyer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the seller to discover whether the property has suffered from flooding. If the residence has been flooded in past which is not notified by the vendor, then a purchaser may bring a compensation claim as a result of such an misleading answer. A buyer’s conveyancers should also order an environmental search. This will higlight if there is a recorded flood risk. If so, additional inquiries should be conducted.
I'm purchasing my first flat in Southwick with the aid of help to buy. The sellers refused to budge the price so I negotiated 6k of extras instead. The sale representative suggested that I not inform my lawyer about this deal as it would adversely affect my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My step-father has urged me to use his conveyancers in Southwick. Should I choose my own conveyancer?
There are no two ways about it the best way to select a conveyancing practitioner is to get referrals from friends or relatives who have previously instructed the solicitor that you are considering.
What could I expect to pay for conveyancing in Southwick?
The total sum charged for conveyancing in Southwick may vary significantly from firm to firm. In the circumstances it all the more important that you find this out before you appoint a lawyer. You should also consider asking a couple fee estimate.