We are about to sign contracts for a garden flat in Whitley Bay. We have hit a stumbling block. The loan offer with Yorkshire Building Society expires on 8/12/2025 but the sellers are suggesting a completion date of 10/12/2025. Can one prolong the loan offer?
The best person to address this concern is your lawyer who will determine if he or she is corresponding with the lender, seller’s conveyancers, selling agents or possibly all parties taking into account the history of your conveyancing to date.
Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Whitley Bay so that I can pop in to their offices when needed.
Nowadays conveyancing panel lawyers for mortgage companies carry out all of the communications through Royal Mail, internet or over the phone. This means that they can undertake the legal work for your home move no matter where you live in England or Wales. That being said you should see if you can still book an appointment to visit conveyancing lawyer if just in case this is required.
Should our solicitor be raising enquiries regarding flooding as part of the conveyancing in Whitley Bay.
The risk of flooding is if increasing concern for conveyancers carrying out conveyancing in Whitley Bay. There are those who buy a property in Whitley Bay, completely aware that at some time, it may be flooded. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Solicitors are not qualified to offer advice on flood risk, however there are a number of checks that may be carried out by the buyer or by their solicitors which can figure out the risks in Whitley Bay. The standard information given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the vendor to determine if the property has suffered from flooding. If flooding has previously occurred and is not notified by the owner, then a purchaser may issue a claim for damages resulting from an misleading response. The buyer’s solicitors will also order an enviro report. This will disclose if there is any known flood risk. If so, further investigations will need to be carried out.
How does conveyancing in Whitley Bay differ for newly converted properties?
Most buyers of new build or newly converted property in Whitley Bay come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Whitley Bay usually acquire the real estate, 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 used to new build conveyancing in Whitley Bay or who has acted in the same development.
We're FTB’s - agreed a price, yet the estate agent told us that the owners will only move forward if we instruct their chosen solicitors as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street solicitor accustomed to conveyancing in Whitley Bay
We suspect that the owner is not behind this ultimatum. If they want ‘a quick sale', taking such a hostile approach to a serious buyer is counter productive. Speak to the vendors direct and make sure they comprehend that (a)you are genuine purchasers (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you intend to instruct your preferred Whitley Bay conveyancing firm - as opposed tothose that will provide the estate agent a referral fee or achieve conveyancing thresholds set by HQ.
Estate agents have just been given the go-ahead to market my 2 bed apartment in Whitley Bay. Conveyancing solicitors are to be appointed soon, however I have just had a half-yearly maintenance charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is pay the maintenance contribution as normal because all rents and maintenance payments will be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Whitley Bay Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to buying
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Are any of leasehold owners in arrears of their service charge payments? This question is useful as a) areas can result in problems for the block as the communal areas may begin to deteriorate if services are not paid for b) if the leasehold owners have an issue with the managing agents you will wish to have full disclosure It is important to be aware if fixing the lift or some other major work is coming up that will be shared between the leasehold owners and will dramatically impact the level of the service fees or necessitate a one off invoice.