We are about to exchange contracts for a freehold house in West Ealing. We encountered a problem. The loan offer with Nationwide Building Society runs out on 11/5/2026 but the sellers are insisting on a completion date of 13/5/2026. Can one extend the mortgage expiry date?
The person best placed to deal with your issue is your lawyer who will calculate whether they corresponding with the lender, owner’s lawyers, selling agents or conceivably all parties given the history of your transaction as of today.
At what point does exchange of contracts occur in domestic conveyancing in West Ealing and am I required to be at the lawyers office?
Where you are round the corner to our conveyancing solicitors in West Ealing you are invited in to sign contracts. However, the lender approved solicitors we work with provide countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when dealing with you by post or email. The signing of the contract is not the point of no return. Signing on the dotted line simply enables the firm to officially exchange at the appropriate time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in West Ealing)to be in the office available at the end of the phone to exchange contracts.
Should commercial conveyancing searches disclose planned roadworks that may affect a commercial site in West Ealing?
Many commercial conveyancing solicitors in West Ealing will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in West Ealing. The report sets out 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 West Ealing.
For each commercial conveyancing transaction in West Ealing 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 may result in delays to West Ealing commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in West Ealing.
How does conveyancing in West Ealing differ for new build properties?
Most buyers of new build residence in West Ealing come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in West Ealing typically 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 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 accustomed to new build conveyancing in West Ealing or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in West Ealing prior to appointing conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some banks will refuse to give a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in West Ealing. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in West Ealing to see if the conveyancing will be more expensive.
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