My best friend’s dad is a solicitor. I anticipate that I will be offered preferential fee for conveyancing, but if not, what level of fees would I typically be looking at for conveyancing in Waterbeach?
It’s a good idea to request multiple conveyancing estimates. Make use of our search tool on this page. Whilst prices will contrast greatly but the service one can expect are distinct between conveyancers as is the case with most professions.
We were just about to exchange contracts for a leasehold flat in Waterbeach. We encountered a problem. Our mortgage offer with Aldermore expires on 27/4/2026 but the owners are putting forward a completion date of 29/4/2026. Can one prolong the loan offer?
The person best placed to address this concern is your conveyancer who will calculate whether they corresponding with the lender, owner’s conveyancers, estate agents or indeed all parties taking into account the history of your conveyancing as of today.
What is the difference between a licensed conveyancer and conveyancing solicitor in Waterbeach
There are many recorded licenced Conveyancers in Waterbeach and Solicitor practices in Waterbeach to choose from We would stress that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can deal with other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Is there a list of Barclays panel conveyancers in Waterbeach on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings available on the web. If you are in need of a Waterbeach solicitor on the Barclays please use our facility.
It is unclear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Waterbeach building society branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Waterbeach conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
As long as the solicitor is on the lender panel, they must comply with the Council of Mortgage Lenders’ Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
How does conveyancing in Waterbeach differ for newly converted properties?
Most buyers of new build property in Waterbeach contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Waterbeach usually 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 property lawyers 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 Waterbeach or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Waterbeach is where the house is located. Is there any guidance you can give?
Flying freeholds in Waterbeach are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Waterbeach you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Waterbeach may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My lawyers in Waterbeach have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with the bank. Is it case that being on the lender conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the mortgage company directly.