We are a couple about to exchange contracts for a property in Waddington. We have hit a problem. Our mortgage offer with Coventry Building Society runs out on 24/2/2025 but the sellers are suggesting a completion date of 26/2/2025. Can one prolong the mortgage offer?
The best person to deal with your issue is your solicitors who will hopefully determine if he or she is better off negotiating with the mortgage company, owner’s lawyers, selling agents or indeed all parties taking into account what has happend in your conveyancing as of today.
My husband and I are buying a 1 bedroom apartment in Waddington with a homeloan from Barclays Direct.We have a Waddington conveyancing lawyer but Barclays Direct advised that she’s not on their "panel". We have to appoint a Barclays Direct panel lawyer or retain our high street solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; Can we not simply insist that Barclays Direct use our lawyer?
No, not really. The mortgage issued to you is subject to its terms and conditions, one of which will be that conveyancers needs to be on the Barclays Direct approved list. in the past, most mortgage companies had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Barclays Direct
Should our conveyancer be raising enquiries regarding flooding during the conveyancing in Waddington.
Flooding is a growing risk for lawyers specialising in conveyancing in Waddington. Plenty of people will acquire a property in Waddington, fully expectant that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, however there are a various searches that can be carried out by the purchaser or by their lawyers which can give them a better understanding of the risks in Waddington. The conventional set of completed inquiry forms given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the owner to discover if the premises has historically flooded. If the property has been flooded in past which is not notified by the seller, then a buyer could bring a legal claim for losses as a result of such an incorrect response. The buyer’s conveyancers will also commission an enviro search. This should indicate whether there is any known flood risk. If so, more detailed inquiries will need to be initiated.
Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who dealt with the conveyancing in Waddington 10 years ago no longer exist. What do I do?
Gone are the days when you need to have the physical official documentation to establish that you are the owner of your registered land or premises, as the Land Registry have everything they need in a digital format.
How does conveyancing in Waddington differ for new build properties?
Most buyers of new build property in Waddington contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is finished. This is because builders in Waddington usually buy the site, 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 Waddington or who has acted in the same development.
My wife and I have today had an offer accepted on our 1st home in Waddington, and are now looking to get solicitors appointed. We have used the numerous rating based websites and the fee estimates are from all over the England and Wales. Is it necessary to have a Waddington solicitor local to the potential house? We are happy to do all the communicating electronically, but I guess at some point we may be required to visit the conveyancer's office to sign documents?
Usually there is no requirement to attend the office of your lawyer, they can send any relevant documents to you, which you can sign and return. Many home movers choose to instruct a locally based solicitor, but it is not essential for conveyancing in Waddington.