We are a couple about to exchange contracts for a property in Upper Norwood. We have hit a snag. Our mortgage offer with The Royal Bank of Scotland runs out on 13/10/2025 but the owners are suggesting a completion date of 15/10/2025. Can one extend the mortgage offer?
The person best placed to deal with your concern is your solicitors who will calculate if they corresponding with the bank, owner’s solicitors, selling agents or conceivably all three based on the circumstances your conveyancing to date.
As I am unsure how the conveyancing process works what is the most important piece of guidance you can give me regarding purchase conveyancing in Upper Norwood?
Not many law firms shout this from the rooftops but conveyancing in Upper Norwood and elsewhere in England and Wales is often a confrontational process. In other words, when it comes to conveyancing there exists plenty of room for friction between you and others involved in the house moving process. For instance, the seller, property agent and on occasion the bank. Choosing a solicitor for your conveyancing in Upper Norwood an important selection as your conveyancer is your adviser, and is the ONLY party in the process whose responsibility is to act in your legal interests and to protect you.
There is a distinct increase in the "blame" culture- someone has to be at fault for the process being so protracted. You should always trust your lawyer above all other players in the home moving process.
Do commercial conveyancing searches reveal planned roadworks that could impact a commercial land in Upper Norwood?
Its becoming the norm that commercial conveyancing solicitors in Upper Norwood will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Upper Norwood. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Upper Norwood.
For each commercial conveyancing transaction in Upper Norwood it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Upper Norwood commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Upper Norwood.
I bought my flat on 12 November and my personal details is not yet registered. Should I be concerned? My conveyancing solicitor in Upper Norwood said it will be recorded inside ten days. Are properties in Upper Norwood particularly slow to register?
There is nothing unique about conveyancing in Upper Norwood registration formalities. Rather than based on location, timeframes can differ depending on who lodges the application, whether there are errors and if the Land registry must send notices to any interested persons or bodies. Currently approximately three quarters of such applications are fully dealt with within two weeks but some can be subject to longer hold-ups. Historically registration takes place once the purchaser is living at the property so post completion formalities is not usually primary concern yet where there is a degree of urgency associated with the registration then you or your conveyancer must communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Upper Norwood differ for new build properties?
Most buyers of new build residence in Upper Norwood approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because builders in Upper Norwood tend to acquire 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 conveyancing solicitors 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 used to new build conveyancing in Upper Norwood or who has acted in the same development.
Do I need to be concerned by brokers that I am dealing with are encouraging me to use a nationwide conveyancing firm as opposed to a local Upper Norwood conveyancing company?
As with many professional services, often suggestions from relatives can be extremely useful or valuable. Yet there are many parties with a vested interest in a conveyancing deal; estate agents, financial adviser and mortgage companies may put forward conveyancers to retain. On occasion these lawyers might be known to one of the organisations as being good in their field, but occasionally there is an underlying commercial relationship behind the recommendation. You are free to select your preferred lawyer. You need to be aware that most lenders operate an approved list of law firms you are obliged to use for the lender related work in your house move.